With the launch of Terra’s liquidity pool “4pool” on Curve Finance DeFi platform Curve DAO Token (CRV) altcoin It has gained 19% in the last 24 hours.
Following this development, CRV became the top 100 cryptocurrency It became the highest rising altcoin among all. Curve Finance, TerraUSD (UST), Tether (USDT), USD Coin (USDC) and of frax successfully launched a liquidity pool named 4pool, among which
With the new liquidity pool, more capital is expected to enter the Curve platform.
Total Locked Value (TVL) on CRV Reached $19 Billion
The 4pool liquidity pool combines the liquidity of four different stablecoins and generates returns on deposits.
According to DeFiLlama data, Curve currently has a TVL value of $19 billion and stands out as the largest DeFi loan platform.
It is estimated that a total of $ 16.75 billion worth of CRV altcoins are locked on the Ethereum network.
Altcoin’s 24-Hour Volume Increases 100 Percent
With the latest development, the trading volume of the CRV token increased by 100%, reaching up to $300 million. With the last price increase, the token has made up for the losses it has experienced in the last week.
At the time of this writing, the CRV altcoin is trading at $2.63. With a total market capitalization of $1.18 billion, CRV ranks 69th among the largest cryptocurrencies.
*Not investment advice.