Curve Finance, a decentralized credit protocol and stock exchange, terminated record trade volumes of just about $ 35 billion in the primary quarter of 2025, a spokesman for the protocol told CoinTelegraph.
Compared to the primary quarter of 2024, the trade volumes rose by greater than 13%, which is especially because of a rise in transactions, from around 1.8 million to around 5.5 million in the primary quarter of 2025, in line with Curve.
The strong Q1 volumes could be traced in an overall decline within the cryptocurrency market, with greater than 20% decreasing by greater than 20% in March 31, in line with Cointencko.
The total value of Curve (TVL) over time. Source: Defillama
Change Defi landscape
Curve was taken quite a few steps in 2020 last 12 months to maintain up with the changing landscape Decentralized Finance (Defi).
In June 2024, Curve CRVUSD, his stable coin, adopted to the token owner for the distribution of fees and replaced an older model that paid holders in shares of the 3CRV liquidity pool.
In November, Curve worked with Elixir, a blockchain network, to assist Defi to assist defi on board Blackrock's Token Money Market Fund Buidl.
By the tip of 2025, Curve plans to consolidate its credit markets in a single user interface and more time to shut positions before they’re liquidated.
Curve founder Michael Egorov said in March that he would expect many decentralized stock exchanges (Dexs) to turn into tailor -made platforms for stable coins which might be involved in numerous currency confessions.
“The exchange between stable coins of various denominations similar to euros, US dollars and others haven’t yet been properly solved. How to deliver liquidity without losing money, but if you happen to earn a variety of money, an open query is that can soon be solved,” said Egorov.
Despite the rise in transactions, the whole value (TVL) on the Curve platform on April 2 is about 1.8 billion US dollars, similar to Defillama's Defillamas of around 2.5 billion US dollars in the beginning of the 12 months, in line with Defillama.
Curves Native token Curve Dao (CRV) has a market capitalization of around $ 640 million on this writing and, in line with CoinTelegraph, identifies a decrease of greater than 40% of the season.
