Curve Finance revenues rise 23% as DeFi interest grows

Curve Finance has reported a nearly 23% increase in its monthly revenues, reaching approximately $37 million in annualised revenue over the past 30 days, according to data from Token Terminal.

This growth is attributed to the surge in demand for leveraged financing, as well as the introduction of the new Savings vault and the scrvUSD (CRYPTO:SCRVUSD) token.

“This growth aligns with the broader optimism in the market following the recent US elections,” a spokesperson from Curve stated, adding that “the anticipation of pro-crypto policies under [President-elect] Donald Trump’s administration has strengthened market confidence, driving crypto prices as well as the demand for products like crvUSD (CRYPTO:CRVUSD).”

The revenue boost also comes amid a broader trend of rising interest in decentralised finance (DeFi) solutions.

Curve’s native token, CRV, has seen a significant rise, climbing by approximately 300% since Donald Trump’s victory in the November 5 US presidential election.

As a result, CRV's market capitalisation now exceeds $1 billion, according to CoinGecko.

In 2023, Curve has made strategic moves to keep up with the rapidly evolving DeFi landscape. In June, it launched crvUSD, a stablecoin that is now used for fee distribution to tokenholders, replacing an older model.

The crvUSD is overcollateralised by assets like Ether (CRYPTO:ETH) and Wrapped Bitcoin (CRYPTO:BTC).

In November, Curve launched its yield-bearing stablecoin, Savings-crvUSD (scrvUSD), which has seen strong demand.

Since its introduction, scrvUSD has accumulated nearly $14.5 million in deposits. Curve also partnered with Elixir on November 29 to expand DeFi access for BlackRock’s tokenised money market fund, BUIDL.