#Switzerland #Zug #Curve Finance #Yield Basis #crvUSD

Curve Finance Sets Record with Strong Q3 2025 Results

Curve Finance has successfully navigated the complexities of the cryptocurrency market as it enters the second half of 2025. The platform has reported impressive results in the third quarter, with a staggering $29 billion in trading volume. This marks a notable increase from the $25.5 billion recorded in the previous quarter, indicating yet another quarter of growth for the curve.

Rising Revenue Amid Selective Market Trends

Along with boosting trading activity, Curve Finance's revenue has more than doubled, moving from $3.9 million to a remarkable $7.3 million. This revenue has been fully redistributed to holders of veCRV tokens, showcasing one of the most prosperous quarters for the platform's fee generation to date.

The maintained market capitalization of Curve's native crvUSD stablecoin stands firm at approximately $124 million, reflecting sustained adoption and utility ahead of its broader integration with the newly introduced Yield Basis protocol.

Safety and Liquidity Enhancements Demonstrated

An essential metric from Q3 pertains to Curve’s liquidation protection system, which successfully saved $33.97 million in client funds and protected 97.7% of the total value locked (TVL). For context, the previous quarter reported $46.18 million saved and 88.6% coverage, highlighting a growth in capital safety measures
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This quarter also saw the launch of 16 new liquidity pools, each exceeding $1 million in TVL, up from the 13 pools launched last quarter. Such growth signifies a continuing interest from institutional investors and high-volume liquidity providers.

Ecosystem Updates and Future Direction

The Curve Finance team pointed out the growing demand for stablecoins as the primary catalyst for the platform's strong performance in Q3. A notable development this quarter was the deployment of Yield Basis, a new protocol pioneered by Michael Egorov, which has been a significant governance and operational milestone.

The platform also expanded its multi-chain footprint by establishing new deployments on Plasma and Etherlink, and both launches featured immediate liquidity incentives. A significant highlight was the launch of the PYUSD/USDS pool through a partnership with Spark, which quickly amassed over $90 million in TVL, a clear indication of strong demand for stablecoin trading.

In terms of governance, Curve DAO celebrated its five-year anniversary, reaffirming its long-standing presence in the DeFi landscape. In keeping with its sustainability strategy, CRV emissions have been reduced from 137 million to 115 million per year, marking an ongoing commitment to decreasing token inflation. Additionally, CRV has expanded its accessibility by being listed on Robinhood, which opens doors to a broader audience within the U.S. retail space.

Focus on FX Trading Ahead

Looking ahead, Curve Finance has plans to pivot towards FX trading as a significant future initiative. As stablecoin adoption accelerates across various networks and applications, the team anticipates an increasing demand for efficient on-chain FX markets. Curve is poised to be the foundational liquidity driver supporting this evolution.

About Curve Finance

Founded in 2020, Curve Finance has emerged as one of the leading decentralized finance (DeFi) protocols, primarily focused on stablecoin trading with minimal fees and slippage. The platform has significantly expanded its capabilities to include liquidity pools, lending markets, its own stablecoin (crvUSD), and a DAO governance structure, establishing a vital infrastructure layer for Ethereum and other EVM-compatible networks.