About Convex Finance
CVX is the ERC-20 utility token of Convex Finance, which permits Curve Finance liquidity providers to earn boosted rewards. CVX tokens function as Convex Finance’s governance token, and can be locked in exchange for a portion of the platform's earnings.
Buy Convex Finance
Trading Insights
Buyer Ratio
Traders
426
-18.23%
Buyers
338
-10.58%
Sellers
209
14.21%
Searched
559
Market Stats
Market Cap
£323.51M
6.68%
FDV
£328.71M
Circ. Supply
98M CVX
Max Supply
100M CVX
Total Supply
100M CVX
Total Value Locked
£1.05B
Diluted Valuation
£328.14M
Performance
Popularity
#141
Dominance
0.01%
Volume (24H)
£48.25M
5.1%
Volume (7D)
£325.72M
Volume (30D)
£2.23B
All time high
£37.14
Price Change (1Y)
77.45%
Past performance is not a reliable indicator of future results. Learn more about asset risks.
Investment risk
Baseline risk: All crypto-assets are risky, regardless of the type of token you hold. Here are some 'baseline' risks to be aware of before deciding to invest.
Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.
Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.
Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.
Don't put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.
Defi tokens: Decentralised Finance (or 'DeFi') tokens (e.g. UNI, AAVE) are crypto-assets linked to financial applications and protocols built on decentralised blockchain technology.
Smart contract risk: DeFi relies heavily on smart contracts. Even a minor coding error or oversight can lead to a contract being exploited, potentially resulting in significant losses for DeFi tokens.
Regulatory risk: DeFi operates in a decentralized manner, often without intermediaries or financial crime controls. Regulatory bodies across jurisdictions might introduce new regulations impacting the use, value, or legality of certain DeFi protocols or assets. For example, the Perpetual Protocol (PERP) and Quickstop (QUICK) protocols may be accessible in jurisdictions where some or all the available activity may need to be regulated now or in the future. If a regulator deemed the activity to be in breach of regulation, this could seriously impact token value.
Rug-pulls / Exit scams: Some DeFi projects might be launched by anonymous or pseudonymous teams, increasing the risk of "rug pulls" where developers abandon the project and withdraw funds, leaving investors with worthless tokens.
Data/oracle risk: DeFi protocols often rely on external data sources or 'oracles'. Manipulation or inaccuracies in these data sources can lead to unintended financial outcomes within the protocols.
Protocol complexity: The complexity of some DeFi protocols can make it difficult for average users to fully understand the mechanisms and associated risks.
Additional details
Recent trends
The price of Convex Finance has increased by 0.80% in the last hour and increased by 5.90% in the past 24 hours. Convex Finance’s price has also risen by 42.60% in the past week. The current price is £3.29 per CVX with a 24-hour trading volume of £48.25M. Currently, Convex Finance is valued at 91.15% below its all time high of £37.14. This all-time high was the highest price paid for Convex Finance since its launch.
The current circulating supply of Convex Finance is 98,417,391.292 CVX which means that Convex Finance has as total market cap of £323,507,077.63.
Market details
CVX vs markets
↗ 10.16%
CVX vs BTC
↗ 2.75%
CVX vs ETH
↗ 73.94%
Tags
defi
yield-aggregator
binance-listing
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x4e3FBD56CD56c3e72c1403e103b45Db9da5B9D2B | |
Solana | BLvmrccP4g1B6SpiVvmQrLUDya1nZ4B2D1nm9jzKF7sz |
Price history
Time | Price | Change |
|---|---|---|
Today | £3.29 | ↗ 6.23% |
1 Day | £3.09 | ↗ 5.90% |
1 Week | £2.28 | ↗ 42.60% |
1 Month | £1.95 | ↗ 66.81% |
1 Year | £1.91 | ↗ 77.45% |
Past performance is not a reliable indicator of future results. Learn more about asset risks.
FAQ
Convex Finance (CVX) is a decentralized finance (DeFi) protocol that strives to compensate Curve liquidity providers for their participation on Curve without the need for staking liquidity there. Instead, liquidity providers can stake with Convex and receive boosted CRV and liquidity mining rewards. This approach seeks to provide CRV stakers with improved capital efficiency and positions Convex Finance as a participant in the ongoing "Curve wars". The protocol's function is to manage Total Value Locked (TVL) to gain control over Curve Finance, a large decentralized exchange (DEX) by TVL.
Convex Finance operates through a unique incentive structure. It targets CRV holders and Curve liquidity providers in two ways: CRV holders receive cvxCRV for staking their CRV, and Curve liquidity providers receive boosted rewards for staking their LP tokens with Convex. Convex Finance acts as a pool that aggregates the assets of individual stakers, allowing even low-level investors to stake their Curve Finance LPs with Convex and receive boosted rewards. Stakers are compensated for their provided liquidity, a share of the Curve trading activity, the boosted rewards from Convex, and CVX tokens. Additionally, CRV tokens can be staked to receive cvxCRV, which yields veCRV rewards, Convex trading activity, CVX tokens, and airdrops going to veCRV token holders.
The primary use case for Convex Finance is to provide a platform for Curve liquidity providers and CRV holders to earn rewards. By staking their CRV or LP tokens with Convex, users can receive boosted rewards that may not be attainable otherwise. This includes compensation for their provided liquidity, a share of the Curve trading activity, and the boosted rewards from Convex. Additionally, users can stake their CRV tokens to receive cvxCRV, which provides further rewards such as veCRV rewards, Convex trading activity, CVX tokens, and airdrops going to veCRV token holders. CVX tokens can also be used to participate in proposals in the Convex Finance protocol, providing users with a say in the protocol's governance.
Convex Finance was developed by an anonymous team of developers. Despite the anonymity of its creators, Convex Finance is a known protocol in decentralized finance. The protocol plays a role in the ongoing "Curve wars", a competitive race to gain control over Curve Finance, a large DEX by TVL. Convex Finance was audited by MixBytes to aim for its security. However, a bug in one of the smart contracts led to the re-deployment of the vote-locking contract and a temporary fluctuation in the value of CVX.
We update our Convex Finance to GBP currency in real-time. Get the live price of Convex Finance on Coinbase.
The current market cap of Convex Finance is £323.51M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Convex Finance is £37.14. This all-time high is highest price paid for Convex Finance since it was launched.
Over the last 24 hours, the trading volume of Convex Finance is £48.25M.
Assets that have a similar market cap to Convex Finance include ZKsync, Chiliz, 1inch, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Convex Finance is 98 million.
Convex Finance ranks 269 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
Currently, 100% of Coinbase users are buying Convex Finance. In other words, 100% of Coinbase customers have increased their net position in Convex Finance over the past 24 hours through trading.
Yes, Convex Finance is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Convex Finance guide.
Convex Finance news
Trending articles
Social stats
Popularity in posts
#98
Contributors
2,934
Posts
4,630
% About Convex Finance
0.26%
Hold times
0 days
X (Twitter)
41.26% bullish
Sentiment
4.7 ★
Highlights
2,934 unique individuals are talking about Convex Finance and it is ranked #98 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Convex Finance has an average sentiment score of 94 out of 5. Finally, Convex Finance is becoming less newsworthy, with 0 news articles published about Convex Finance.
On Twitter, people are mostly neutral about Convex Finance. There were 42.31% of tweets with bullish sentiment compared to 2.54% of tweets with a bearish sentiment about Convex Finance. 57.69% of tweets were neutral about Convex Finance. These sentiments are based on 4609 tweets.
On Reddit, Convex Finance was mentioned in 14 Reddit posts and there were 29 comments about Convex Finance. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Legal
This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.