Curve DAO’s CRV jumps 16% as DeFi liquidity demand surges

  • Curve DAO’s CRV gained more than 16% in 24 hours as DeFi liquidity demand increased.
  • 174% volume growth lifted daily trading to about $122 million.
  • Curve Finance’s TVL rose from $1.43 billion in July to $1.70 billion.

Curve DAO’s CRV rose more than 16% in 24 hours, lifting its weekly gain to about 9% as demand for DeFi (decentralized finance) liquidity for token swaps increased. Daily trading volume climbed 174% to about $122 million. CRV’s current market structure indicates a trend shift, with the token above its latest higher high after trading in a bottoming range between $0.18 and $0.2877. CRV remains above its 20-day and 50-day moving averages and trades above $0.36, about 25% below its year-to-date peak of $0.44. Resistance at $0.3851 and $0.3976 could hinder the advance, while a drop below $0.345 would raise the risk of a correction. Curve Finance’s network activity also strengthened: crvUSD’s market cap exceeded $283 million, active addresses averaged more than 6,000, and transactions reached about 30,000 on each of the past two days. TVL (total value locked) increased by more than $300 million this quarter, from $1.43 billion in July to $1.70 billion, reinforcing evidence of demand across DeFi.

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Curve DAO’s CRV jumps 16% as DeFi liquidity demand surges - CoinPost Terminal