in Curve’s platform volume may be attributable, at least in part, to the widespread fear, uncertainty, and doubt surrounding centralized exchanges after the FTX collapse.
The higher levels of engagement with Decentralized Finance platforms shown during the collapse suggest the level of long-term engagement that the area and Curve are capable of attracting.the opposite impact of the FTX collapse compared to the volume. The slump caused its TVL to go below the $5 billion range it was in and, as of the time of this writing, was estimated to be around $3.67 billion.
Despite a significant increase in volume, the TVL was badly impacted, and the charted data showed no signs of recovery yet.After falling by about 18% in December, CRV’s price movement has generally been sideways, or practically flat. However, one benefit of the price movement was the opportunity to create a support level between $0.51 and $0.48. The token was trading at about $0.55 at the time of this writing, with a 5% rise seen throughout the same trading period.
Despite the excellent volume on the Curve platform, the price of CRV was not favorably impacted at the end of the year, according to the price movement seen over a daily period. However, as more volumes are recorded, this could alter.Subscribe to get it daily in your inbox.
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Source: CryptoAmb - 🏆 22. / 68 Read more »