on Curve Finance measures the liquidity of a particular pool or set of pools on the platform. The gauges are used to determine a given pool’s stability fee , with pools with lower gauges having a higher stability fee. With gauges on Curve Finance, liquidity is distributed evenly among its pools.According to Curve Finance, the request for adding more gauges to the Ethereum Network was due to the success of its V2 pools made up of different tokens with sufficient liquidity.
As the overall cryptocurrency market has been showing positive sentiment since the start of the year, the number of unique addresses trading CRV tokens has increased since 1 January. At these significantly overbought highs, a price correction is common. Buyers typically find it challenging to support any further price rally at these highs, and the bears often return to the market to initiate a price drawdown.