Crisis strikes Curve Finance, impacting CRV and crvUSD. Stablecoin wobbles but recovers slightly as bearish trend challenges Curve's resilience.
, it became evident that Curve Finance’s stablecoin decline began on 31 July. During the initial stages of the decline, the trading volume showed normal movement, hovering around $30 million.stablecoin deviated further from its peg, the trading volume started to spike. On 1 and 2 August, the volume ranged between $40 million and $60 million.The increased trading volume as the stablecoin moved away from its peg indicated heightened market activity.
As the stablecoin gradually regained its peg, the trading volume returned to its normal trend, suggesting that market participants reacted to the changing dynamics and volatility of the stablecoin.
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