Just how much of an impact can this loss of market share cause? Perhaps the first major concern for users and CRV holders is whether it can survive and perhaps even recover in the future. A look at actual data might offer better insights into the state of Curve Finance.Curve Finance’s total value locked is likely the easiest metric that underscores Curve Finance’s current situation. Its TVL peaked at just above $24 billion in January 2022.
One could argue that the current level is miles better than most liquidity protocols. However, the massive TVL dip reinforces the fact that Curve Finance has been losing a lot of liquidity. Some DeFi protocols and their TVL have achieved significant recovery so far this year. That is not the case for Curve Finance. But what about the demand for its native tokenThe number of CRV’s active addresses registered its largest spike in June. That spike was its largest in the last three months.
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