The October 2, 2025 “Week 40” Curve report highlights a sharp improvement in protocol-wide activity, with total value locked (TVL) rising 9.4% to $2.704 billion and DEX trading volume jumping 80%, which in turn drove a 46% increase in fees for liquidity providers. This growth was concentrated on Ethereum, where the highest-yielding pools were located, and coincided with heightened demand for BTC-linked products, including three YieldBasis-optimized BTC pools whose caps were raised to $10 million and fully filled in under 20 minutes. The data indicates a period of renewed usage and risk appetite in the Curve ecosystem, particularly around stablecoin and BTC strategies. Yield opportunities during the week were led by USD stablecoin pools, especially the wstUSR/DOLA pool at 68.5% and the USDFI/USDaf/ebUSD/BOLD pool at 59.2%, followed by several other stablecoin markets posting yields in the 40–50% range on Ethereum. BTC and ETH pools showed more moderate but still notable returns, with LBTC/WBTC at 15.5% and leading liquid-staking ETH pools around 7.2%. Other key products included CrossCurve CRV markets (CRV/USD at 29.6% and CRV2 at 16.8%) and multi-asset “tricrypto” pools combining GHO, cbBTC, WETH, tBTC, and crvUSD, generally offering mid-single-digit yields. The report also notes that scrvUSD yields remained elevated while the average crvUSD borrow rate fell to 8.8%, and peg stability reserves began to refill, signaling gradual normalization in crvUSD money market dynamics after prior stress. Overall, the metrics suggest a week of strong capital inflows, robust user engagement, and attractive on-chain yields across stablecoin, BTC, ETH, and CRV-denominated strategies on Curve.

AI-generated background, compiled from web sources — not editorial content.

More coverage

Explore the topic

More on Weekly Update

Comments