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Curve DAO Token

CRV

USD

About Curve DAO Token

Curve (CRV) is an Ethereum token that powers Curve.fi, a decentralized exchange and automated market maker protocol. The protocol is designed to make it easy to swap between ERC-20 tokens, such as stablecoins (like USDC and DAI) and Ethereum-based Bitcoin tokens (like WBTC and renBTC). In order to minimize impermanent loss, most of the protocol’s liquidity pools are made up of similar assets, although in June 2021, it introduced a USDT-WBTC-ETH “tricrypto” pool. The CRV token can be locked for various periods of time (up to 4 years) in order to vote on governance and claim protocol fees as a reward.

Curve DAO Token (CRV) is a fundamental component of Curve, a decentralized exchange with a primary focus on stablecoins. Curve, launched in January 2020, has emerged as a notable entity in the decentralized finance (DeFi) sector. In August of the same year, Curve introduced a decentralized autonomous organization (DAO), with CRV serving as its native token. The DAO utilizes an Ethereum-based creation tool, Aragon, to connect multiple smart contracts used for users' deposited liquidity. CRV is used for governance, awarded to users based on their liquidity commitment and duration of ownership.

Curve functions as an automated market maker (AMM) specifically designed for stablecoin trading. The platform charges a modest fee, which is then distributed to liquidity providers. The introduction of the DAO and CRV token has added another layer of functionality, as CRV is used for governance and is awarded to users based on their liquidity commitment and length of ownership. The platform caters to individuals involved in DeFi activities such as yield farming and liquidity mining, as well as those looking to participate in the ecosystem by holding stablecoins.

CRV serves multiple purposes within the Curve ecosystem. It functions as a governance medium, allowing users to participate in decision-making processes. It also acts as an incentive structure, rewarding users based on their liquidity commitment and duration of ownership. Furthermore, CRV is used as a fee payment method on the platform. The token's versatility makes it valuable to a wide range of users, from those involved in DeFi activities such as yield farming and liquidity mining, to those looking to participate in the ecosystem by holding stablecoins.

Curve, and its native token CRV, were launched in January and August 2020 respectively by founder and CEO Michael Egorov, a Russian scientist with extensive experience in cryptocurrency-related enterprises. The launch of CRV was part of the introduction of Curve's decentralized autonomous organization (DAO). The total CRV supply is 3.03 billion tokens, with the majority (62%) distributed to liquidity providers. The remainder is divided among shareholders, employees, and a community reserve. The gradual unlocking of tokens has resulted in around 750 million being in circulation one year after launch.

Market

Market stats

Market cap

$404.0M

Volume (24h)

$146.9M

Circulating supply

1.3B CRV

Typical hold time

27 days

Popularity

#142

All time high

$60.50

Market performance

Price change (1h)

+1.16%

Price change (1d)

-1.89%

Price change (1w)

+9.68%

Price change (2w)

-20.78%

Price change (1m)

-37.62%

Price change (1y)

-53.62%

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Social

Some highlights about Curve DAO Token on social media

1,011 unique individuals are talking about Curve DAO Token and it is ranked #109 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Curve DAO Token has an average sentiment score of 3.5 out of 5. Finally, Curve DAO Token is becoming more newsworthy, with 0 news articles published about Curve DAO Token. This is a 0% increase in news volume compared to yesterday.

On Twitter, people are mostly bullish about Curve DAO Token. There were 54.84% of tweets with bullish sentiment compared to 14.19% of tweets with a bearish sentiment about Curve DAO Token. 30.97% of tweets were neutral about Curve DAO Token. These sentiments are based on 578 tweets.

On Reddit, Curve DAO Token was mentioned in 33 Reddit posts and there were 71 comments about Curve DAO Token. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

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Overview

Contributors

1,011 people

Posts

313 posts

Dominance

0.08%

Volume rank

#109

Average Sentiment

3.5 out of 5

Twitter

Reddit

Posts

33

Comments

71

Post Score

59

Comment Score

56

Coinbase Bytes

Coinbase Bytes

The week’s biggest crypto news, sent right to your inbox

Curve DAO Token is on the rise this week.

The price of Curve DAO Token has increased by 1.16% in the last hour and decreased by 1.89% in the past 24 hours. Curve DAO Token’s price has also risen by 9.68% in the past week. The current price is $0.32 per CRV with a 24-hour trading volume of $146.92M. Currently, Curve DAO Token is valued at 99.47% below its all time high of $60.50. This all-time high was the highest price paid for Curve DAO Token since its launch.

The current circulating supply of Curve DAO Token is 1,253,319,202 CRV which means that Curve DAO Token has as total market cap of 1,253,319,202.

FAQ

What is the current price of Curve DAO Token?

We update our Curve DAO Token to USD currency in real-time. Get the live price of Curve DAO Token on Coinbase.

What is the market cap of Curve DAO Token?

The current market cap of Curve DAO Token is $403.97M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Curve DAO Token?

The all-time high of Curve DAO Token is $60.50. This all-time high is highest price paid for Curve DAO Token since it was launched.

What is the 24 hour trading volume of Curve DAO Token?

Over the last 24 hours, the trading volume of Curve DAO Token is $146.92M.

What other assets are similar to Curve DAO Token?

Assets that have a similar market cap to Curve DAO Token include Ethereum, Tether, BNB, and many others. To see a full list, see our comparable market cap assets.

How many Curve DAO Token are there?

The current circulating supply of Curve DAO Token is 1.3 billion.

What is the typical holding time of Curve DAO Token?

The median time that Coinbase customers hold Curve DAO Token before selling it or sending it to another account or address is 27 days.

What is the relative popularity of Curve DAO Token?

Curve DAO Token ranks 100 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Curve DAO Token?

Currently, 83% of Coinbase users are buying Curve DAO Token. In other words, 83% of Coinbase customers have increased their net position in Curve DAO Token over the past 24 hours through trading.

Can I buy Curve DAO Token on Coinbase?

Yes, Curve DAO Token is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Curve DAO Token guide.