曲线融资（CRV）达到创纪录的$ 35B交易量

曲线融资（CRV）是一项专注于Stablecoin掉期的领先的分散交易所，报告了创纪录的交易量接近350亿美元

Despite a strong start to 2025 with nearly $35 billion in trading volume in the first quarter, a 13% year-over-year increase due to surging transaction activity, a key resistance level will decide if the cryptocurrency experiences double-digit gains or further decline from present levels.

尽管第一季度的交易量近350亿美元，但由于交易活动激增，同比增长了13％，但关键的阻力水平将决定加密货币的经历是两位数的两位数增长还是从当前水平进一步下降。

According to data from DeFi protocol, transactions on the protocol increased dramatically, rising from around 1.8 million in the first quarter of 2024 to 5.5 million in the first quarter of 2025.

根据DEFI协议的数据，该协议的交易急剧增加，从2024年第一季度的180万增加到2025年第一季度的550万。

This growth occurs despite the broader bitcoin market showing a 20% decline in total market capitalization year-to-date by the end of March, according to CoinGecko figures.

据Coingecko数据称，尽管比特币市场更广泛地显示，到3月底，总市值下降了20％，但这种增长仍在发生。

DeFi protocol’s TVL fell from nearly $2.5 billion at the start of the year to around $1.8 billion by April 2, according to DeFi protocol, but the protocol’s increased activity amid broader market declines highlights rising user adoption.

根据DEFI协议，DEFI协议的TVL从年初的近25亿美元下降到4月2日的18亿美元，但该协议的活动增加，由于更广泛的市场下降，重点介绍了用户采用的增长。

Protocol Adjustments Drive Through Changing DeFi Landscape

协议调整通过改变Defi景观的发展

Several deliberate adjustments by Curve Finance have aided its adaptation to the evolving DeFi landscape.

通过曲线融资进行了一些故意的调整，有助于适应不断发展的Defi景观。

The protocol shifted its native stablecoin, crvUSD, for fee distribution to token holders from its previous methodology paying holders in portions of the 3crv liquidity pool in June.

该协议将其本地Stablecoin CRVUSD转移到了6月3CRV流动性池中部分的持有人之前，将费用分配给令牌持有者。

Moreover, in November Curve teamed up with Elixir to help bring BlackRock’s tokenized money market fund, BUIDL, into the DeFi ecosystem.

此外，11月曲线与Elixir合作，帮助将BlackRock的令牌化货币市场基金Buidl带入Defi生态系统。

Finally, in January, Curve is planning to merge its loan markets into a single user interface and provide borrowers with longer durations before liquidation.

最后，在一月份，Curve计划将其贷款市场合并为单个用户界面，并在清算之前为借款人提供更长的持续时间。

Recently, Curve announced on Tuesday that it would be working with Resupply to improve capital efficiency for crvUSD. Through better use as collateral and for lending, this partnership aims to make the stablecoin more versatile, thereby boosting demand for both crvUSD and CRV.

最近，Curve在周二宣布将与补给合作，以提高CRVUSD的资本效率。通过更好地利用抵押品和贷款，该合作伙伴关系旨在使Stablecoin更加通用，从而提高对CRVUSD和CRV的需求。

CRV/USD Technical Analysis Points to Potential Double-Digit Gains

CRV/USD技术分析指出了潜在的两位数增长

Technically, CRV has shown strength this week with nearly a 15% advance; however, on Wednesday it met rejection at its 200-day Exponential Moving Average (EMA), at $0.55.

从技术上讲，CRV本周表现出了近15％的进步。但是，在周三的200天指数移动平均线（EMA）为0.55美元。

This level corresponds with a declining trendline that has been in place since early December, hence generating a major resistance zone.

该级别与自12月初以来一直存在的趋势线相对应，因此产生了一个主要的阻力区。

Its upward indication after bouncing off its neutral level of 50, the daily Relative Strength Index (RSI) reading of 55 hints toward a bullish future.

它的向上迹象表明，在中立50水平的弹跳后，每天的相对力量指数（RSI）读取了55个提示的​​看涨未来。

Meanwhile, the Moving Average Convergence Divergence (MACD) indicator also displayed a positive crossing last week, implying ongoing upward trend.

同时，移动平均收敛差异（MACD）指标上周也表现出正面的交叉，这意味着持续的上升趋势。

A good break above the $0.55 resistance level might set off a 23% climb to the $0.69 level.

高于0.55美元的电阻水平的良好休息可能会使23％的攀升至0.69美元。

Should bulls keep momentum above this level, CRV could be able to extend gains by an extra 20%, thereby retesting its January 31 high of $0.83.

如果公牛保持势头高于此水平，CRV可能能够额外增加20％，从而将其1月31日的高点重新测试为0.83美元。

On-chain data supports the good technical view. According to Coinglass, more traders are betting on price rise than down, with CRV’s long-to-short ratio of 1.05.

链上数据支持良好的技术视图。根据Coinglass的数据，比下降的贸易商押注更多的赌注，CRV的长期比率为1.05。

Furthermore, with a positive OI-Weighted Funding Rate of 0.0079%, the market seems to be supporting upward price movement.

此外，以0.0079％的阳性OI加权融资率，该市场似乎正在支持向上的价格变动。

Although CRV’s present market capitalization of about $640 million shows a more than 40% drop year-to-date, if Curve Finance can overcome important resistance levels in the next weeks, record trading volumes, strategic protocol developments, suggest Curve Finance may be positioned for recovery.

尽管CRV目前的市值约为6.4亿美元，显示出40％以上的跌幅，但如果曲线融资可以在接下来的几周内克服重要的抵抗水平，创纪录的交易量，战略协议的发展，则表明曲线融资可能定位为恢复。