Curve Finance Achieves Record $35B Trading Volume as Technicals Point to Potential 23% Rally Above $0.55 Resistance
Curve Finance (CRV), a leading decentralized exchange focused on stablecoin swaps, has reported a record-breaking trading volume of nearly $35 billion in the first quarter of 2025. This impressive figure, representing a 13% increase compared to the same period last year, was driven by a significant surge in transaction activity.
Despite this strong on-chain performance, the price of CRV is currently holding above $0.52, down by around 2% in the past 24 hours, but technical analysis suggests a potential double-digit rally could be on the horizon if a key resistance level is breached.
Curve’s Transaction Activity Surges Amid Broader Market Decline
From roughly 1.8 million in Q1 2024 to 5.5 million in Q1 2025, the DeFi protocol has seen amazing increase in transaction activity—nearly doubling. Based on CoinGecko data, this rise occurs despite the general bitcoin market seeing a 20% drop in total market capitalization year-to-date as of March 31.
Although its Total Value Locked (TVL) has dropped from nearly $2.5 billion at the beginning of the year to roughly $1.8 billion as of April 2, DeFiLlama notes that the protocol’s increased activity demonstrates rising user acceptance even in this regard.
Strategic Protocol Innovations Supporting Long-Term Growth
Several deliberate adjustments by Curve Finance have helped it to fit the changing DeFi scene. The protocol switched its native stablecoin, crvUSD, for fee distribution to tokenholders from its previous methodology paying holders in shares of the 3crv liquidity pool in June 2024.
Curve teamed with Elixir in November 2024 to help BlackRock’s tokenized money market fund, BUIDL, be included into the DeFi ecosystem. Curve intends to combine its loan markets into a single user interface and give borrowers longer durations before liquidation, thereby looking to the end of 2025.
Recently, Curve said that on Tuesday it would be collaborating with Resupply to improve capital efficiency for crvUSD. Through better use as collateral and for lending, this partnership seeks to make the stablecoin more flexible, so stimulating demand for both crvUSD and CRV.
CRV/USD Technical Analysis Points to Potential Double-Digit Gains
Technically, CRV has shown strength this week with an almost 15% advance; nevertheless, on Wednesday it met rejection at its 200-day Exponential Moving Average (EMA), at $0.55. This level corresponds with a declining trendline that has been in place since early December, therefore generating a major resistance zone.
With its upward indication after bouncing off its neutral level of 50, the daily Relative Strength Index (RSI) reading of 55 hints toward a bullish future. Last week the Moving Average Convergence Divergence (MACD) indicator also displayed a positive crossing, implying ongoing upward trend.
A good break above the $0.55 resistance level might set off a 23% climb to the $0.69 level. Should bulls keep momentum above this level, CRV could be able to extend gains by an extra 20%, thereby retesting its January 31 high of $0.83.
Curve Finance’s On-Chain Metrics Support Bullish Sentiment
On-chain data supports the good technical view. Coinglass claims that with CRV’s long-to—short ratio of 1.05, more traders are betting on price rise than down. Furthermore, with a positive OI-Weighted Funding Rate of 0.0079%, the market seems to be supporting upward price movement.
Although CRV’s present market capitalization of about $640 million shows a more than 40% drop year-to- date, if Curve Finance can overcome important resistance levels in the next weeks, record trading volumes, strategic protocol developments, suggest Curve Finance may be positioned for recovery.
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