Curve Finance’s fourth weekly ecosystem update of 2025 reports a modest pullback in protocol liquidity alongside notable activity around new high-yield stablecoin pools. Total value locked on Curve declined to about $2.355 billion, a 2.7% week‑over‑week drop, in line with broader market volatility and a choppy stablecoin and DeFi environment. This pullback comes after Curve’s TVL fluctuated in a similar range over late 2025, where it ended the year near $2.22 billion after peaking around $2.86 billion in August. Despite the short-term decline, Curve remains one of the largest DeFi venues for stablecoin and wrapped-asset liquidity, with its DAO and veCRV-driven incentives continuing to anchor ecosystem activity. The update highlights that Liquity V2’s BOLD pools on Curve attracted roughly $10 million in deposits within 24 hours, quickly becoming some of the highest-yielding USD pools on the platform with advertised returns above 40% APR. These pools center on BOLD, Liquity V2’s stablecoin-like asset, and reflect growing demand for leveraged and incentive-driven stablecoin strategies integrated into Curve’s liquidity layer. For Curve, such inflows partially offset broader TVL softness and illustrate how external protocols still compete to route incentives and liquidity through Curve’s pools to gain depth and trading efficiency. This dynamic reinforces Curve’s role as shared infrastructure for stablecoin and collateralized debt protocols, even as market-wide volatility pressures headline metrics like TVL.

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

More coverage

Explore the topic

More on Liquity

Comments