- Record 51 million CRV tokens locked last week.
- Previous record of 24 million locked in October 2022.
- 140 million CRV tokens locked in the past 45 days.
- CRV value increases by 13.9% in the last 30 days.
CRV Tokens Locked at Unprecedented Levels
Curve Finance, a leading decentralized exchange (DEX) known for trading stablecoins, has witnessed an unprecedented surge in the locking of its native token, CRV. Last week alone, users locked in 51 million CRV tokens, significantly surpassing the previous record of 24 million set in October 2022. This remarkable activity underscores the growing confidence and participation within the Curve Finance ecosystem.
Over the past 45 days, the total amount of CRV tokens locked has reached 140 million, as officially announced on August 4. This trend highlights a substantial increase in user engagement and commitment to the platform. The increase in locked tokens can be attributed to Curve Finance’s attractive rewards and incentives, encouraging more users to stake their tokens and participate actively in the platform.
Projected CRV Issuance and Market Impact
Looking ahead, Curve Finance has projected that the issuance of CRV tokens from August 14, 2024, to August 14, 2025, will total 137 million tokens. This planned issuance aligns with the platform’s growth strategy, aiming to maintain liquidity and reward long-term participants.
In the past 30 days, the value of CRV has seen a notable rise of 13.9%, according to data from Coingecko. This increase in value reflects positive market sentiment and growing trust in Curve Finance’s capabilities and future prospects. As more tokens are locked and the platform continues to expand, the potential for further value appreciation remains strong.
