Curve Finance – Valuation Report

Curve Finance is undoubtedly a pioneer of DeFi. At its launch, Curve disrupted the market with an innovative DEX that boasted an unparalleled level of efficiency for pegged asset trading. With clear product-market fit, the protocol was able to bootstrap its growth with the introduction of its CRV governance token bringing a powerful token economic system into the mix.

Today, Curve transacts over $6B in monthly volume and more impressively, it has achieved the highest TVL out of any DeFI project, surpassing $19B. Nonetheless, with strong competitive forces brewing, many challenges remain.

This piece takes a look at Curve Finance and the key metrics behind its core AMM product and the CRV token.