Curve Finance Q3 Revenue Doubles to $7.3M; Volume Hits $29B
Curve Finance reported a strong third quarter, with protocol revenue more than doubling from $3.9 million in Q2 to $7.3 million. The entire revenue was redistributed to veCRV holders. Trading volume surged to $29 billion, up from $25.5 billion in Q2, driven by deep stablecoin liquidity. Total value locked (TVL) rose from $2.1 billion to $2.3 billion. October DEX volume reached a six-month high of $11 billion, signalling renewed DeFi momentum. The platform’s native stablecoin, crvUSD, maintained steady volume at $124 million and a $278 million market cap, up 25% daily as Curve prepares to integrate its Yield Basis protocol. Key milestones included multi-chain expansion to Plasma and Etherlink, and a PYUSD/USDS pool via a Spark partnership surpassing $90 million in TVL. The CRV token trades at $0.48 on Robinhood, reflecting an 18% weekly gain.
Bullish
Curve Finance’s doubling of Q3 revenue and a 14% rise in TVL underscore robust demand for stablecoin trading and deeper liquidity. The redistribution of $7.3 million to veCRV holders, coupled with an $11 billion October DEX volume high, signals renewed DeFi activity. Integration plans—such as Yield Basis—and multi-chain expansion further strengthen the protocol’s growth prospects. Historically, spikes in DEX volume and TVL have preceded token rallies, suggesting positive short-term momentum for CRV. Long term, sustainable yield distribution and ecosystem expansion are likely to bolster market confidence and drive continued adoption.