Curve Finance, a decentralized exchange, reported a record trading volume of $35 billion in the first quarter of 2025, marking a 13% increase from Q1 2024. This surge occurred despite a 20% drop in the overall cryptocurrency market.

Curve's transactions grew from 1.8 million to 5.5 million. The platform's adoption of crvUSD for fee distribution and its partnership with blockchain network Elixir to onboard BlackRock's tokenized fund have been pivotal moves.

The total value locked on Curve is currently $1.8 billion, down from $2.5 billion earlier this year. Curve DAO token's market cap stands at $640 million, a 40% year-to-date decline.