曲線融資缺口紀錄的$ 35B交易量在Q1 2025

曲線融資，一項分散的貸款協議和交換，造成的創紀錄的交易量將近350億美元

Curve Finance, a decentralized lending protocol and exchange, notched record-breaking trading volumes of nearly $35 billion in the first quarter of 2025, a spokesperson for the protocol told Cointelegraph on Monday, April 2.

該協議的發言人在4月2日星期一告訴Cointelegraph，曲線金融是一種分散的貸款協議和交換，在2025年第一季度獲得了近350億美元的創紀錄的交易量。

Trading volumes increased more than 13% from the first quarter of 2024, largely due to a surge in transactions, from around 1.8 million to some 5.5 million in Q1 2025, Curve said. The strong Q1 volumes come amid overall declines in the cryptocurrency market, with the total market capitalization of cryptocurrencies dropping by more than 20% in the year-to-date as of March 31, according to data from CoinGecko.

Curve說，與2024年第一季度相比，交易量增長了13％以上，這主要是由於交易的激增，從約180萬到第1季度2025年第1季度。 Coingecko的數據顯示，在加密貨幣市場的總體下降之內，強大的Q1量出現了，截至3月31日，加密貨幣的總市值下降了20％以上。

Changing DeFi Landscape

改變defi景觀

Launched in 2020, Curve has taken numerable steps in the past year to keep pace with the changing decentralized finance (DeFi) landscape. In June 2024, Curve adopted crvUSD, its stablecoin, for fee distribution to tokenholders, replacing an older model that paid holders in shares of the 3crv liquidity pool.

曲線於2020年推出，在過去的一年中採取了數字步驟，以與不斷變化的分散融資（DEFI）景觀保持同步。 2024年6月，Curve通過其穩定者Crvusd，將其收費分配給Tokenholders，取代了一個較舊的型號，該模型向3CRV流動性池的股票支付了持有者。

Later in November, Curve partnered with Elixir, a blockchain network, to help onboard BlackRock’s tokenized money market fund, BUIDL, to DeFi.

11月下旬，Curve與區塊鍊網絡Elixir合作，以幫助船上貝萊德的令牌化貨幣市場基金Buidl，以達到Defi。

The lending protocol also plans to consolidate its lending markets into a single user interface and provide borrowers with more time to close positions before they are liquidated by the end of 2025.

貸款協議還計劃將其貸款市場鞏固到單個用戶界面中，並為藉款人提供更多的時間來關閉頭寸，然後才能在2025年底清算。

Curve founder Michael Egorov said in March that he expects many decentralized exchanges (DEXs) to evolve into bespoke platforms for stablecoins pegged to various currency denominations.

Curve創始人邁克爾·埃戈羅夫（Michael Egorov）在三月份表示，他預計許多分散的交流（DEX）將演變成定制平台，以固定與各種貨幣派別的stablecoins。

"Exchanges between stablecoins of different denominations like the euro, US dollar, and others are not yet properly solved. How to provide liquidity without losing money, but while earning a lot of money, is kind of an open question that I think will be solved soon,” Egorov said.

Egorov說：“尚未正確解決歐元，美元和其他人等不同面額的穩定幣之間的交流。如何在不虧錢的情況下提供流動性，但在賺很多錢的同時，我認為很快就會解決這一問題，” Egorov說。

Despite the rise in transactions, the total value locked (TVL) on Curve’s platform is approximately $1.8 billion as of April 2, according to data from DefILlama. This is down from highs of roughly $2.5 billion at the start of the year.

根據Defillama的數據，儘管交易的增加，但截至4月2日，曲線平台上的總價值鎖定（TVL）約為18億美元。這與年初大約25億美元的高點相差。

Curve’s native token, Curve DAO (CRV), has a market capitalization of approximately $640 million at this writing, marking a more than 40% decline in the year-to-date, according to CoinGecko.

Coingecko的數據顯示，Curve的本地令牌Curve Dao（CRV）在撰寫本文中的市值約為6.4億美元，標誌著年初至今的下降40％以上。