Curve Finance Sees Significant Growth With 105% User Increase and Institutional Interest

Curve Finance Sees Significant Growth With 105% User Increase and Institutional Interest

Curve Finance, a decentralized exchange (DEX) focusing on stablecoin trading, closed 2024 with impressive growth, seeing its total value locked (TVL) surge to $2.4 billion, alongside a 105% increase in its user base. The platform expanded from 30,000 users in 2023 to 60,000 in 2024, underlining its growing influence in the decentralized finance (DeFi) space.

Key Drivers of Growth: New Liquidity Pools and Product Enhancements

According to an analysis shared with Bitcoin.com News, Curve Finance's growth can be attributed to the introduction of new liquidity pools and a series of product upgrades. These improvements attracted institutional interest, further cementing Curve’s position as a key player in the DeFi sector. The platform also generated $44 million in annualized revenue, which was distributed via CurveDAO, providing a sustainable model for governance and growth.

In 2024, Curve launched Llamalend, a borrowing and lending platform powered by its innovative LLAMMA algorithm. This addition improved liquidity and capital efficiency, providing users with enhanced opportunities for yield generation.

Expanding Cross-Chain and Diversifying Offerings

Another significant milestone for Curve was its expansion to multiple blockchain networks, including Ethereum, Arbitrum, and Optimism. These integrations enabled users to access Curve’s liquidity pools across various ecosystems, improving interoperability within the broader DeFi space. Additionally, Curve introduced Savings crvUSD (scrvUSD), which attracted $26.16 million in deposits by early January 2025, diversifying its product offerings and increasing its liquidity.

Curve also made strides in governance by allowing the community to play a larger role in decision-making. Notably, revenue-sharing rates for crvUSD holders were increased from 10% to 50%, providing more incentives for participation in Curve’s ecosystem.

Partnerships Bridging Traditional and Decentralized Finance

In 2024, Curve took steps to bridge the gap between traditional finance and DeFi. Notable partnerships included a stable swap project with the TON Foundation and an integration with BlackRock’s $533 million BUIDL fund. These collaborations helped to mint deUSD, enabling up to $1 billion in real-world assets to enter the DeFi ecosystem, making institutional capital more accessible to the space.

Curve’s Strong Performance and Future Outlook

Curve’s top-performing liquidity pools in 2024 included steth, FRAXsDAI, and 3pool, with USDC, USDT, and Ether among the most traded tokens on the platform. The continued success of governance activities, particularly the development of Llamalend, is expected to fuel further growth.

As Curve enters 2025, the platform plans to enhance its interoperability and improve the user experience in the evolving DeFi landscape. With a strong foundation built in 2024, Curve Finance is poised to remain a vital hub in the decentralized finance ecosystem.