Curve Finance Reports Record $35 Billion Trading Volume in Q1 2025 Despite Market Downturn

Curve Finance, a decentralized lending protocol, reported a record-breaking trading volume of nearly $35 billion in Q1 2025. This represents a 13% increase from Q1 2024, driven by a surge in transactions from 1.8 million to 5.5 million. Despite this growth, the total value locked (TVL) on Curve's platform stood at approximately $1.8 billion as of April 2, down from roughly $2.5 billion at the start of the year. Curve's native token, CRV, has seen a 40% decline year-to-date. The protocol also plans to consolidate its lending markets into a single user interface by the end of 2025.