It has also seen a strong uptick in transaction activity over the past 12 months, the DeFi protocol said.
Curve Finance, a decentralized lending protocol and exchange, notched record-breaking trading volumes of nearly $35 billion in the first quarter of 2025, a spokesperson for the protocol told Cointelegraph.
Trading volumes increased more than 13% from the first quarter of 2024, largely due to a surge in transactions, from around 1.8 million to some 5.5 million in Q1 2025, Curve said.
The strong Q1 volumes come amid overall declines in the cryptocurrency market, with the total market capitalization of cryptocurrencies dropping by more than 20% in the year-to-date as of March 31, according to data from CoinGecko.
