While the DeFi sector has suffered a broad downturn so far this year, veteran stablecoin-focused decentralized exchange (DEX) Curve Finance has managed to buck the trend.
In Q1 2025, Curve recorded $34.6 billion in trading volume — a 13.3% increase year-over-year and a new all-time high for the platform. The number of transactions jumped to 5.5 million, up from 5.2 million in Q4 2024 and sharply higher than the 1.8 million recorded in Q1 2024.
According to DeFiLlama, Curve reached $2.1 billion in total value locked (TVL) in Q1; currently, Curve boasts a TVL of $1.8 billion and a market cap of $606 million. Meanwhile, the number of unique addresses interacting with Curve contracts has grown to 5.5 million.
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