CRV surges 70% fueled by scrvUSD stablecoin launch.
On-chain metrics show record staking and trading volume increases
Curve DAO’s native token, CRV, has surged by over 138% this week, reaching price levels not seen since 2023. And hours ago, it hit a 10-month high of $1.16. The impressive rally coincides with the launch of its yield-bearing stablecoin scrvUSD on the Spectra ecosystem.
CRV Price Chart, Source: Sanbase
The scrvUSD stablecoin, launched on December 3, offers low-risk returns and has already attracted $14.5 million in deposits. This addition is part of Curve Finance’s broader strategy to enhance the scalability and adoption of its crvUSD stablecoin. With scrvUSD integrated into the Spectra ecosystem, the decentralized exchange aims to expand its DeFi offerings and attract more users to its platform.
Meanwhile, On-chain metrics further highlight the bullish momentum. CRV’s staking amount nearly doubled from $445.31 million on November 27 to $839.29 millio
We współpracy z: https://thenewscrypto.com/what-is-driving-crv-138-surge-this-week/
