Curve Finance's monthly revenue has increased by over 20% thanks to the DeFi explosion

Curve Finance decentralized exchange platform achieved an annual revenue of nearly $37 million in the past 30 days, according to data from Token Terminal.

This revenue increased nearly 23% compared to the previous month, mainly due to 'increased demand for leveraged funding and the introduction of new products such as savings vault and scrvUSD token,' Curve said in its announcement on December 3rd.

"This growth rate is in line with the general optimism in the market after the recent US election," a Curve spokesperson shared, while emphasizing:

"Predictions about the cryptocurrency-friendly policies under President-elect Donald Trump's administration have bolstered market confidence, driving up coin prices and demand for products like crvUSD."

Source: Token Terminal## The vibrant year of 2024 for Curve

The native token of Curve, CRV, has increased by about 300% since Trump won the election on November 5. CRV currently has a market capitalization of over 1 billion USD, according to CoinGecko.

Launched in 2020, this decentralized finance (DeFi) protocol has taken strategic steps this year to compete with younger competitors.

In June, Curve deployed their crvUSD stablecoin to distribute fees to token holders, replacing the old model of paying out in pool shares of 3crv liquidity pool.

crvUSD is overcollateralized by a variety of digital assets, including Ether (ETH), Wrapped Bitcoin (WBTC), and other assets.

The graphics illustrate the impact of crvUSD and scrvUSD on the borrowing interest rates of Curve Finance. Source: Curve FinanceOn November 13, Curve introduced a decentralized profit-bearing stablecoin called “Savings crvUSD” (scrvUSD) to provide “low-risk profit” for investors and expand the scale of the crvUSD stablecoin.

Since its launch in November, scrvUSD has attracted nearly $14.5 million in deposits, Curve announced.

On November 29th, Curve partnered with the Elixir blockchain network to expand DeFi access for BlackRock's tokenized fiat market fund, BUIDL.

Low-risk profit demand

The demand for tokens promising low-risk profits is increasing.

This is especially true for the profits from tokenized real-world assets (RWA) - including bonds, silver, and other currency market instruments - as well as profits from protocol fees, such as scrvUSD.

Tokenized treasury products like BUIDL currently control more than $2.5 billion in total value locked as of Dec. 3, a more than threefold increase since the start of 2024, according to RWA.xyz.

Disclaimer: The article is for informational purposes only and is not investment advice. Investors should conduct thorough research before making any decisions. We are not responsible for your investment decisions.

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According to Cointelegraph