Curve Finance, a decentralized alternate (dex) serious about stablecoin purchasing and selling, ended 2024 with $2.4 billion in total price locked (TVL) and a doubled user sinister, rising from 30,000 in 2023 to 60,000.
Bridging Institutional Capital Into the Defi Ecosystem
In line with a 2024 Curve Finance diagnosis shared with Bitcoin.com Recordsdata the decentralized alternate (dex) platform attributed its bellow to new liquidity pools and product upgrades, which attracted institutional ardour. Curve also generated $44 million in annualized earnings disbursed thru Curvedao. Its successes in 2024 included the originate of Llamalend, a borrowing and lending platform powered by Curve’s LLAMMA algorithm, improving liquidity and capital effectivity.
Among its other milestones, Curve deployed its dex platform across a pair of blockchain networks, in conjunction with Ethereum, Arbitrum, and Optimism. The introduction of Financial savings crvUSD (scrvUSD) further diversified its offerings, with deposits reaching $26.16 million by early January 2025. Moreover, Curve expanded governance initiatives, enabling neighborhood-driven selections that included adjusting earnings-sharing charges for crvUSD holders from 10% to 50%.
The yarn further well-known that Curve also fashioned partnerships to connect aged finance with decentralized finance (defi). Collaborations included a stable swap project with the TON Foundation and an integration with Blackrock’s $533 million BUIDL fund. These efforts enabled up to $1 billion in proper-world resources to mint deUSD, bridging institutional capital into the defi ecosystem.
High-performing pools in 2024 included steth, FRAXsDAI, and 3pool, while USDC, USDT, and ether were basically the most over and over transacted tokens. Governance activities supported Llamalend and developed new trend initiatives. Entering 2025, Curve Finance acknowledged it targets to solidify its build as a a must-like defi hub by advancing interoperability and improving user experiences in the evolving defi panorama.
