$91,810.00
0.12%$3,121.31
-0.30%$243.37
1.32%$618.30
-1.37%$1.11
-3.42%$0.389098
3.30%$0.999326
-0.01%$3,121.10
-0.29%$0.761442
0.22%$0.205484
0.33%$0.00002529
-0.34%$35.52
-0.97%$5.63
1.85%$91,706.00
0.17%$3,705.69
-0.18%$3.81
0.16%$14.99
2.12%$3,123.49
-0.27%$458.03
1.15%$5.94
0.63%$0.00002019
-6.44%$5.97
0.83%$7.78
0.93%$0.230043
-1.31%$89.63
-3.34%$11.77
-2.01%$3,289.74
-0.19%$9.21
0.04%$0.141144
14.69%$0.994286
-0.29%$0.168572
-6.16%$9.42
2.67%$0.175722
7.66%$26.53
-1.44%$7.53
-0.04%$0.00004928
-3.22%$492.11
-2.08%$0.440474
4.00%$3.85
-8.38%$1.32
0.77%$3.39
-6.73%$1.001
0.07%$22.17
-0.06%$0.709273
1.27%$1.93
-1.33%$156.37
-0.50%$4.49
-1.73%$0.03287084
1.59%$44.06
-2.27%$6.68
7.63%$0.995732
-0.28%$25.44
-0.97%$164.98
-2.54%$0.732213
0.14%$0.00025091
-3.44%$1.36
-0.32%$5.37
3.47%$1.76
0.79%$0.508253
-2.17%$0.214121
5.79%$0.708864
-2.09%$3,121.38
-0.66%$1.33
-3.52%$5.42
-2.35%$1.81
16.44%$1.80
-2.89%$0.20932
2.97%$5.95
6.08%$1.66
-0.70%$3,495.40
-0.50%$0.561482
-2.72%$0.160381
-1.35%$1.16
-2.65%$2.34
-0.21%$1.079
12.43%$91,496.00
-0.04%$3,273.16
-0.12%$0.412467
-1.93%$3,198.30
-0.41%$91,869.00
0.13%$69.56
-0.85%$1,485.36
-1.90%$89.93
-0.65%$10.84
1.87%$300.47
1.15%$0.02384856
-1.73%$18.94
-0.63%$9.69
-1.08%$0.03102959
2.30%$1.20
43.60%$0.711521
1.22%$4.38
27.80%$0.00000113
-0.46%$1.20
-1.93%$0.0220816
2.25%$0.02022087
-2.46%$1.046
-8.35%$3.10
-0.01%$0.44022
3.86%$0.481434
0.81%$5.84
-0.23%$0.66395
2.31%$91,624.00
0.21%$0.01124844
-6.41%$256.75
1.25%$0.00000245
-1.62%$11.97
0.39%$3,106.44
0.26%$0.829302
0.14%$1.001
-5.87%$91,456.00
0.09%$13.05
3.16%$5.91
3.54%$0.00004551
-1.57%$1.28
-3.83%$91,536.00
0.12%$1.28
-6.56%$0.0020565
-3.05%$0.00861897
19.31%$5.25
-0.67%$31.01
0.62%$0.145961
8.38%$0.352893
-2.73%$1.14
-0.17%$0.68197
1.09%$0.389264
2.85%$37.98
-7.58%$1.23
-1.58%$0.00760853
-0.72%$0.409368
-1.11%$0.998493
-0.15%$246.94
1.16%$0.079529
4.71%$0.156294
-0.30%$0.01041474
-0.80%$3,217.52
-0.32%$3,118.13
-0.63%$266.78
2.33%$0.251228
-0.97%$0.04563114
6.95%$44.85
-5.72%$0.777361
-2.36%$2.08
-1.64%$2,626.71
1.56%$0.995058
-0.06%$0.181841
9.40%$3,120.52
-0.28%$18.46
1.07%$0.01348045
0.35%$0.00011004
-1.06%$0.00858379
-4.10%$1.31
-3.18%$1.78
-4.40%$1.28
-4.04%$2.37
-3.64%$0.60448
-4.39%$0.084472
-3.56%$32.42
-0.64%$3,382.75
-0.39%$0.56338
-7.86%$1.96
1.40%$0.150078
-0.55%$0.080962
-0.44%$9.40
1.35%$1.066
-1.31%$1.48
1.17%$0.00000025
-4.80%$0.533277
-10.23%$0.999285
-0.12%$2,628.19
1.68%$0.477335
4.20%$91,741.00
0.08%$0.00149907
-6.92%$3,126.09
-0.47%$0.254957
-0.36%$0.411406
14.67%$0.067884
1.74%$0.167509
4.20%$0.998687
-0.04%$0.0000005
-0.46%$0.072185
4.86%$55.03
1.10%$0.522181
-10.09%$3,118.77
-0.16%$91,390.00
0.58%$0.469399
-7.16%$2.49
2.22%$91,658.00
0.29%$0.248027
2.73%$3,125.69
-0.28%$0.813889
12.54%$0.347773
9.83%$3.67
-9.00%$1.064
-0.91%$8.72
1.70%$0.01389822
-4.68%$1.00
0.04%$0.00805227
3.12%$0.052368
-19.02%$99.91
0.14%$3.71
-0.32%$0.04343189
0.46%$0.042594
-10.53%$3,347.11
-0.15%$0.981206
-1.90%$0.583651
7.25%$3,119.17
-0.71%$0.992573
-0.33%$6.59
-0.47%$0.02100639
5.03%$1.068
-0.38%$0.00121688
-16.08%$0.946354
-2.74%$10.95
-1.29%$0.02281494
-7.35%$3,261.57
0.13%$0.391014
-2.41%$0.704613
5.36%$0.944628
15.81%$0.382823
6.75%$0.449537
11.58%$0.00470675
-2.40%$0.342571
13.20%$0.00213287
-0.65%$0.999379
-0.12%$0.00
-3.95%$2.85
-2.80%$1.45
-11.28%$3.45
0.72%$0.718494
-1.20%$1,845.62
0.22%$1.001
-0.06%$0.207239
7.76%$0.00637957
12.05%$3,437.29
-0.95%$29.86
3.79%$0.00068773
4.97%$1.64
0.58%$41.38
-1.21%$91,747.00
0.05%$0.306569
-26.39%$0.03456365
0.27%$3,312.39
-0.33%$21.73
-1.56%$0.03410163
3.22%$1.62
-0.54%$0.02301441
4.09%$0.442054
1.74%
Curve DAO Token (CRV), the native token of Curve protocol, has rallied more than 21% over the past 24 hours.
CRV, the 60th-largest token with a market capitalization of nearly $760 million, is changing hands at $1.41.
The primary driver behind today’s bullish price action is the upcoming launch of Curve stablecoin.
The launch of an over-collateralized stablecoin by Curve was confirmed by Michael Egorov, the Founder of Curve, at a web3 summit.
“Over-collat. That's all I can say for now,” said Egorov.
Curve joins leading DeFi protocols, including Aave and Maker, in the race to launch a decentralized over-collateralized stablecoin.
you know you know
curve - stablecoin incoming 👀$CRV 🚀 #stablecoinWAR pic.twitter.com/sYg13WRLYz
— 區塊先生 ⚠️ (rock #58) (@mrblocktw) July 21, 2022
Unlike more centralized offerings à la Tether’s USDT and Circle’s USDC, over-collateralized stablecoins are backed by volatile assets like Bitcoin, EthereumEthereum and a basket of other cryptocurrencies.
Over-collateralization helps the stablecoin retain its dollar peg amid crypto’s notorious volatility.
Despite today’s tremendous run-up, the Curve’s native governance token is still down 97.67% from its all-time high of $60.50 recorded in August 2020, according to data from CoinMarketCap.
A total of 75,393 wallets own CRV tokens, according to Etherscan, up 0.052% from the previous day.
The Total Value Locked (TVL) on the Curve protocol currently holds at a total of $6.02 billion and another $765 million staked in the protocol, suggests data from DefiLlama.
Other leading tokens within the decentralized finance (DeFi) sector, including Lido (10.6%), Sushi (7.5%), Compound (8%), and 1inch (5%) have also extended their bullish action over the last 24 hours.
Leading cryptocurrency Bitcoin has risen just 1.65% over the past 24 hours and trades around $23,250.
Ethereum, the second-largest cryptocurrency, has also posted a significant 8.4% gain in the same period.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
