Curve Finance, a decentralized exchange (dex) focused on stablecoin trading, ended 2024 with a total value of $2.4 billion (TVL) and a doubling user base, growing from 30,000 in 2023 to 60,000.
Bridging institutional capital to the Defi ecosystem
According to a 2024 Curve Finance analysis shared with Bitcoin.com News, the decentralized exchange platform (dex) attributed its growth to new liquidity pools and product upgrades, which attracted institutional interest. Curve also generated $44 million in annualized revenue, distributed through Curvedao. Successes in 2024 included the launch of Llamalend, a lending and lending platform powered by Curve’s LLAMMA algorithm, which improves liquidity and capital efficiency.
Among other milestones, Curve has deployed its dex platform on multiple blockchain networks, including Ethereum, Arbitrum and Optimism. The introduction of Savings crvUSD (scrvUSD) further diversified the offering, with deposits reaching $26.16 million in early January 2025. Additionally, Curve expanded its governance initiatives, enabling community-driven decisions, including adjusting revenue sharing rates for CRVUSD holders from 10% to 50%. %.
The report further noted that Curve also formed partnerships to connect traditional finance with decentralized finance (defi). The collaboration included a stable exchange project with the TON Foundation and an integration with Blackrock’s $533 million BUIDL fund. These efforts enabled up to $1 billion of real-world assets to be issued into the USD, bridging institutional capital into the defi ecosystem.
The best performing pools in 2024 included steth, FRAXsDAI and 3pool, while USDC, USDT and ether were the most traded tokens. Governance activities supported Llamalend and promoted new development initiatives. As it enters 2025, Curve Finance said it aims to solidify its position as a vital defi hub by driving interoperability and improving user experiences in the evolving defi landscape.
