The Surge in Trading Volume of Curve Stable Currency 3Pool
On March 11, according to Curve data, the daily trading volume of Curve stable currency 3pool (USDC/USDT/DAI) liquidity pool has reached US $2.8 billion, 7.5 ti
On March 11, according to Curve data, the daily trading volume of Curve stable currency 3pool (USDC/USDT/DAI) liquidity pool has reached US $2.8 billion, 7.5 times the TVL of the pool.
The daily trading volume of Curve stable currency 3Pool reached US $2.8 billion
Analysis based on this information:
Curve, a decentralized exchange (DEX), is a platform for trading stable coins at low costs. The platform was introduced to address the need for low-cost trades, amidst the high transaction fees of other traditional exchanges. Recently, Curve data revealed that the daily trading volume of Curve stable currency 3pool (USDC/USDT/DAI) has reached $ 2.8 billion on March 11. This figure is 7.5 times the TVL (total value locked) of the pool.
It is important to note that the trading volume of the Curve stable currency 3pool has been on the rise. The data revealed that the volume increased from $1.2 billion on March 8, to $2.8 billion on March 11, indicating a 133% increase in this period. This surge in trading volume is significant and points to the successful adoption of the 3pool by users.
The high trading volume is an indication that more traders are interested in the platform. This adoption is a result of a combination of factors including the increasing demand for stable coins and the low transaction fees offered by Curve. Stable coins provide stability to traders amidst the market volatility brought about by the fluctuations in the price of cryptocurrencies. Similarly, low transaction fees attract traders looking to save money on transactions.
Moreover, the 7.5 times TVL of the pool suggests that the liquidity pool is operating efficiently. The TVL of a liquidity pool refers to the total value of deposited assets locked in the pool. The ratio of trading volume to TVL is an essential metric in determining the efficiency of a liquidity pool. The high trading volume compared to the TVL is an indication that the liquidity pool is well-balanced, providing ample liquidity for traders. This shows that the Curve stable currency 3pool is gaining the trust of traders.
In conclusion, the rise in daily trading volume for the Curve stable currency 3pool demonstrates the success of the platform. The surge in volume indicates that more traders are adopting the Curve platform due to the high demand for stable coins and low transaction fees offered by the platform. The 7.5 times TVL of the pool indicates that the liquidity pool is operating efficiently, providing traders with ample liquidity for trade. Curve has gained traction in the market and the future looks bright for this DEX.
This article and pictures are from the Internet and do not represent qiAiAi's position. If you infringe, please contact us to delete:https://www.qiaiai.com/ai/8198.html
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Related recommendations
-
Greeks.live secures Pre-A round investment for crypto options platform development
On March 1, the crypto option tool platform Greeks.live announced that it had reached an agreement with the major investors in the first round (Pre-A round), i…
-
Table of Contents
According to reports, according to encrypted KOL Remains Twitter, two whales sold 3.73 million ARBs a few hours ago after the Arbitrum Foundation\’s currency sale scandal exploded.
-
#BTC Falls Below $30,000: What Now?
According to reports, the market shows that BTC has fallen below $30000 and is currently trading at $29990.9, with a daily decline of 1.02%. The market is highly volatile, so pleas
-
AKIVERSE Launches Closed Beta Test, Offers NFT Gifts and Parts to Users
On February 21, it was reported that AKIVERSE, the NFT arcade game, had started the first phase of beta closed test, which was from February 21 to March 20. Cl…
-
What is the price of Monero (Monero i5)?
What is the price of Monero? Monero (XMR) is a cryptocurrency that protects the
-
Stargate Cross Chain Liquidity Protocol: Monthly Cross Chain Transaction Volume Exceeds $1 Billion
On April 15th, Stargate, a cross chain liquidity protocol based on LayerZero, posted on social media that its monthly cross chain transaction volume exceeded $1 billion for the fir
-
What does SC Coin mean (Introduction to SC Coin)?
What does SC Coin mean? According to official sources, what does SC Coin mean? S
-
What does Suqian Bite Company do
According to reports, what does Suqian Bitcoin Company do? On September 1, 2018, the Shanghai Pudong New Area Economic and Technological Development Zone held its first shareholders’ meeting, at which it announced the establishment of the “Suqian Bitcoin Mine” enterprise. This is the first enterprise directly established by the government in China From the point of registration, Beijing is located between Xicheng District, Haidian District, Beijing, Hengqin Development Zone, Suzhou, Jiangsu, and Zhoushan, Zhejiang. Hangzhou is the predecessor of Shanghai. Singapore is one of the main capitals of Japan According to the August news of the Science and Technology Innovation Board Daily, Ant Group has reached cooperation and signed strategic investment agreements with Huawei and other Internet giants; At the same time, both parties have also reached a strategic partnership to jointly establish a blockchain technology application ecosystem and provide driving support for industry development. (Securities Times) Suqian CupidAccording to the Suqian Evening News, Suqian Cupid (BTC-e) Technology Co., Ltd….
-
BTC Market Analysis: Trends and Risks in Investing in Cryptocurrency
According to reports, the market shows that BTC has exceeded $30500 and is currently trading at $30500.6, with a daily increase of 1.72%. The market is highly volatile, so please d
-
Tiger Global Lowers Valuation of OpenSea by 76%: What Does It Mean for the NFT Marketplace?
On April 25th, it was announced that Tiger Global has lowered its equity value in OpenSea from $126.8 million to $302 billion, a decrease of 76%. Based on this calculation, Tiger G