曲线融资缺口纪录的$ 35B交易量在Q1 2025

曲线融资，一项分散的贷款协议和交换，造成的创纪录的交易量将近350亿美元

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.

该协议的发言人在4月2日星期一告诉Cointelegraph，曲线金融是一种分散的贷款协议和交换，在2025年第一季度获得了近350亿美元的创纪录的交易量。

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说，与2024年第一季度相比，交易量增长了13％以上，这主要是由于交易的激增，从约180万到第1季度2025年第1季度。 Coingecko的数据显示，在加密货币市场的总体下降之内，强大的Q1量出现了，截至3月31日，加密货币的总市值下降了20％以上。

Changing DeFi Landscape

改变defi景观

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.

曲线于2020年推出，在过去的一年中采取了数字步骤，以与不断变化的分散融资（DEFI）景观保持同步。 2024年6月，Curve通过其稳定者Crvusd，将其收费分配给Tokenholders，取代了一个较旧的型号，该模型向3CRV流动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与区块链网络Elixir合作，以帮助船上贝莱德的令牌化货币市场基金Buidl，以达到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.

贷款协议还计划将其贷款市场巩固到单个用户界面中，并为借款人提供更多的时间来关闭头寸，然后才能在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创始人迈克尔·埃戈罗夫（Michael Egorov）在三月份表示，他预计许多分散的交流（DEX）将演变成定制平台，以固定与各种货币派别的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说：“尚未正确解决欧元，美元和其他人等不同面额的稳定币之间的交流。如何在不亏钱的情况下提供流动性，但在赚很多钱的同时，我认为很快就会解决这一问题，” Egorov说。

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.

根据Defillama的数据，尽管交易的增加，但截至4月2日，曲线平台上的总价值锁定（TVL）约为18亿美元。这与年初大约25亿美元的高点相差。

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的数据显示，Curve的本地令牌Curve Dao（CRV）在撰写本文中的市值约为6.4亿美元，标志着年初至今的下降40％以上。