$CRV rallied ~20% in 16 hours to $0.394, continuing a short-squeeze-driven surge — perpetual market activity has jumped, with rising open interest, positive funding, and a spike in on-chain activity (active addresses and transactions both up sharply) fueling the move.
Fundamentals:
Curve is the leading stablecoin-focused DEX/AMM (crvUSD, governance token). Bullish momentum and rising fee-share proposals, but the protocol has been running at an operating loss due to heavy incentive payouts.
Market Cap: ≈ $620M
Open Interest: $31.97M (+31% in 24h), funding +0.01% (longs paying shorts)
Positioning: 51.9% long vs 48.1% short
Liquidation Map: Short liquidations ($0.405 → $0.431): ~$1.36M | Long liquidations ($0.379 → $0.343): ~$1.47M
#crv #defi #topgainer
Fundamentals:
Curve is the leading stablecoin-focused DEX/AMM (crvUSD, governance token). Bullish momentum and rising fee-share proposals, but the protocol has been running at an operating loss due to heavy incentive payouts.
Market Cap: ≈ $620M
Open Interest: $31.97M (+31% in 24h), funding +0.01% (longs paying shorts)
Positioning: 51.9% long vs 48.1% short
Liquidation Map: Short liquidations ($0.405 → $0.431): ~$1.36M | Long liquidations ($0.379 → $0.343): ~$1.47M
#crv #defi #topgainer
