Curve Finance is rapidly becoming the institutional entry point in the DeFi space, driving the price of CRV from $0.2 to $1.1. BlackRock's tokenized money market fund BUIDL was initially unable to participate directly in DeFi due to regulatory constraints, but the emergence of Elixir has changed this situation. Through Elixir, BUIDL holders can mint deUSD and gain liquidity support on Curve Finance.

The growth of crvUSD is attributed to its 15% yield, attracting a large influx of capital. As more investors purchase and stake crvUSD, its price and TVL experience exponential growth, creating a strong flywheel effect. The participation of BlackRock and Elixir provides further expansion opportunities for crvUSD, driving an optimistic outlook for the DeFi market.