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Will Curve’s stablecoin help CRV overtake UNI, SUSHI?

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As new DEXes emerge, Curve Finance's dominance wanes. The performance of its stablecoin, crvUSD, could be a game-changer in reclaiming its position in the DEX space.

in terms of TVL, as indicated by Token Terminal. Uniswap’s TVL stood at $3.9 billion at the time of writing, while SushiSwap’s TVL amounted to $368.8 million.Curve’s dominance in TVL could face challenges due to ongoing lawsuits involving its founder. At press time, awas underway in San Francisco, with three prominent crypto venture capital firms accusing Curve founder Michael Egorov of deceptive practices and misappropriation of trade secrets, resulting in financial damages.

These charges have the potential to impact sentiment surrounding Curve, leading to a decline in activity and subsequent TVL.Regarding tokens, the market capitalization of SUSHI, UNI, and CRV has experienced significant declines over the past month. However, there has been a slight uptick in network growth observed in recent days.

This indicates a growing interest in these tokens among new addresses, suggesting a potential turnaround for these tokens in the future.

 

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