Curve Finance Sees Surge in USDe-DAI Trading Volume and Liquidity Utilization

šŸ’„ Curve Liquidity Explosion!

By Curve
Apr 4, 2024, 5:42 PM
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Photo by Curve

Curve Finance, a decentralized exchange liquidity pool on Ethereum, experienced a significant spike in trading volume and liquidity utilization for its USDe-DAI market on March 30th, 2024.​ The market saw a trading volume of 97 million and a liquidity utilization rate of 585%, according to a tweet from Curve Finance.​ This surge is attributed to the launch of new USDe-DAI markets by MorphoLabs and Spark.​ The Curve Finance community is now calling for the allocation of CRV emissions to incentivize liquidity provision on the LlamaLend sUSDe-crvUSD market.​

Sources

Wow, @MorphoLabs and Spark's new $USDe - $DAI markets exploded Curve's USDe-DAI volume and liquidity utilization today: 97m volume @ 585% utilization today 🤯🤯🤯 @CurveFinance DAO really needs to get some serious $CRV emissions going on LlamaLend $sUSDe - $crvUSD market ASAP!

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Spark
Spark
@sparkdotfi

Two hours after deployment: • ~60 million DAI borrowed, only 40 million left. • Two markets reached 100% utilization. • Morpho Blue's TVL crossed $300 million. āš”ļø

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