{"id":519734,"date":"2023-02-15T12:54:45","date_gmt":"2023-02-15T12:54:45","guid":{"rendered":"https:\/\/wncen.com\/?p=519734"},"modified":"2023-02-15T12:54:45","modified_gmt":"2023-02-15T12:54:45","slug":"crv-dv-peaks-to-1-billion","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/crv-dv-peaks-to-1-billion\/","title":{"rendered":"CRV Daily Volume Peaks To Over $1 Billion In Past 24 Hours"},"content":{"rendered":"
Curve Finance and the adoption of its native token CRV have seen some resistance in the past couple of months. Nevertheless, CRV daily volume is seen to have peaked above the $1 billion mark in the past 24 hours, equating to an increase of as much as 897.23% and is showing no signs of stopping.\u00a0<\/span><\/p>\n Here’s a quick glance at how the crypto is performing of late:<\/p>\n The spike is said to be the highest so far in 2023, and investors love what they’re seeing. <\/span>More so, the increase in CRV active addresses has been increasing. There has also been a hike spotted in Curve Total Value Locked (TVL) due to a boost in supply.<\/span><\/p>\n . @CurveFinance<\/a> has recorded a trading volume of $1.07 billion over the past 24 hours, marking a new high for the year. Only two other days in its history have seen a higher volume, and they both occurred immediately after the collapse of FTX pic.twitter.com\/esHTGaMg5L<\/a><\/p>\n \u2014 DefiLlama.com (@DefiLlama) February 14, 2023<\/a><\/p><\/blockquote>\n The gains are said to be triggered by the recent court regulatory decision of putting a halt on Binance USD<\/span> (BUSD) minting<\/span><\/a>. The stablecoin was declared as an unregistered security and in turn, stablecoin issuer Paxos was restrained from minting new tokens.<\/span><\/p>\n The last time that CRV experienced this spike in trading volume was in the middle of the controversial FTX collapse. There was so much chaos and meltdowns happening in crypto projects that many investors resorted to engaging in DeFi projects instead.<\/span><\/p>\n\n
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Gains Triggered By Regulatory Decision On BUSD Minting\u00a0<\/b><\/h2>\n