- The ongoing market surge has rippled through the Curve DAO Token.
- CRV broke through its months-long $0.57 resistance.
- The surge in the token price coincides with new developments by Curve Finance.
As signs of an imminent bull run intensify, the crypto market is bustling with activity. The ongoing rally has ignited investors’ optimism as crypto assets accumulate double and triple-digit gains.
Not one to be left behind, the Curve DAO token, which previously experienced a month-long waver between $0.50-$0.57, has now recorded new gains.
Curve DAO Price Increase
Currently trading over $0.627, CRV has recorded a 7.6% price increase over the past 24 hours.
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This marks an 18.9% surge over seven days, bringing its total gains in the past 30 days to 33% from its monthly starting price range of $4.78- $4.80.
Despite its gains, the current CRV trading price marks approximately 93% from its all-time high trading price of $60.90, begging whether it can sustain its new gains.
However, the increase in CRV’s price is not isolated, coinciding with the recent pre-launch of the latest addition to the Curve ecosystem.
Curve Pre-Launches Lending Contracts
On February 23, DeFi protocol and automated market maker Curve Finance announced the pre-launch of its one-way lending market, Llama Lend.
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Llama Lend features isolated lending pools around Curve Finance’s stablecoin, crvUSD, and aims to empower Arbitrage traders to leverage high-frequency trades with very low-risk returns, maximizing their potential returns.
While the protocol has yet to unveil Llama Lend’s official user interface, traders can commence capitalizing on the deployed contracts to boost the ecosystem’s liquidity.
Curve aims to unveil the official UI in the coming months, after which it will expand the availability of the lending market to other Layer-2 platforms to promote accessibility.
Find out more about the ongoing market rally:
Bitcoin (BTC) Tops $55,000 for the First Time Since 2021
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