The decentralized exchange Curve Finance achieved nearly $37 million in annual revenue in the past 30 days, according to data from Token Terminal.

This revenue increased nearly 23% compared to the previous month, primarily due to "high demand for leveraged funding and the launch of new products such as the savings vault and the scrvUSD token," Curve stated in a December 3 announcement.

"This growth aligns with the overall optimism in the market following the recent U.S. elections," a Curve spokesperson shared, emphasizing:

"Predictions about cryptocurrency-friendly policies under the incoming President Donald Trump have bolstered market confidence, driving coin prices as well as demand for products like crvUSD."

Source: Token Terminal

The vibrant year of 2024 for Curve

Curve's native token, CRV, has increased by about 300% since Trump won the election on November 5. CRV currently has a market capitalization exceeding $1 billion, according to CoinGecko.

Launched in 2020, this decentralized finance (DeFi) protocol has taken many strategic steps this year to compete with younger rivals.

In June, Curve launched crvUSD, its stablecoin, to distribute fees to token holders, replacing the old model that paid out based on the liquidity pool shares of 3crv.

crvUSD is over-collateralized by multiple digital assets, including Ether (ETH), Wrapped Bitcoin (WBTC), and other assets.

The graphic illustrates the impact of crvUSD and scrvUSD on Curve Finance's borrowing rates. Source: Curve Finance

On November 13, Curve launched the decentralized profit-generating stablecoin named "Savings crvUSD" (scrvUSD), aimed at providing "low-risk returns" for investors and scaling the crvUSD stablecoin.

Since its launch in November, scrvUSD has attracted nearly $14.5 million in deposits, Curve announced.

On November 29, Curve partnered with the Elixir blockchain network to expand DeFi access for BlackRock's tokenized money market fund, BUIDL.

Demand for low-risk returns

Demand is rising for tokens promising low-risk returns.

This is especially true for the returns from tokenized real-world assets (RWA) — including treasury bonds and other money market instruments — as well as returns from protocol revenue, such as scrvUSD.

Tokenized treasury products like BUIDL are currently controlling over $2.5 billion in total value locked as of December 3, up more than three times since the beginning of 2024, according to RWA.xyz.

Source: https://tapchibitcoin.io/doanh-thu-curve-finance-tang-hon-20-nho-su-bung-no-cua-defi.html