Curve Finance’s new L2 pools fail to boost TVL: Here’s why

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Curve Finance launched new liquidity pools on Layer 2 platform Base on 30 August. However, with liquidity exit still rampant on the protocol following its recent exploit, its TVL has continued to fall.

on 30 July. In that hack, an attacker exploited a vulnerability in Curve’s code to steal about $73.5 million worth of crypto assets.

As of this writing, assets worth $2.65 billion were locked in Curve, with Base contributing less than 1%. Only $15 million in liquidity has been supplied to the three dynamic liquidity pools on Base since their launch, according toCRV decline remains consistent, but there is a catch An on-chain assessment of the demand for the alt in the last month revealed a significant decrease in the count of daily active addresses involved in CRV trades and the count of new addresses created to trade the alt.On a daily chart, key momentum indicators trended downward. This confirmed the fall in CRV accumulation since the 30 July exploit. For example, CRV’s Relative Strength Index rested at 27.43, and its Money Flow Index , also positioned beneath its center line, was 48. 61.

 

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