Curve Finance [CRV]: Volume surpasses $1B as stablecoin talks heighten

Curve Finance’s daily volume surged above $1 billion after attention diverted to its stablecoin. Adoption over time was still a struggle, although active addresses increased. Stablecoins decentralized exchange Curve Finance [CRV] might have gained from the regulatory decision to stop BUSD minting. In light of the development, DeFi Llama revealed that the CRV registered $1.07 billion […]

Information from the DeFi aggregator showed that the last time the CRV protocol had such a high volume was during theRecall that this period was when there was mistrust for centralized crypto projects, and investors opted for players in the DeFi ecosystem. So, this could be another repeat of the scenario, only that this time, its regulation at play.

The spike in trading volume could mean that many investors were converting into crvUSD, the Automated Market Maker’s decentralized stablecoin. For context, crvUSD uses a novel lending-liquidating algorithm while allowing collateralization of other crypto assets. Besides the trading volume and renewed crvUSD interest, the Curve Total Value Locked also has been impacted.was a 0.04% decrease in the last 24 hours. But this improved from the 5% decline from the previous days. The boost implies that there has been an increased supply in the Curve Finance ecosystem. At the same time, the input has contributed to its overall health.

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