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<p>Decentralized finance protocol Curve Finance saw a notable increase in platform revenue in the third quarter of 2025, with trading volume also surging among other core metrics.</p>
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   <li>Curve Finance revenue rose in strong Q3, with trading volume hitting $29 billion.</li>
   <li>Revenue rose from $3.9 million to $7.3 million, and was fully redistributed to veCRV holders.</li>
   <li>Data shows the protocol’s DEX trading volume hit $11 billion in October.</li>
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<p>Curve Finance <a href="https://www.prnewswire.com/news-releases/curve-finance-reports-strong-q3-2025-trading-volume-hits-29b-while-revenue-more-than-doubles-302611749.html" target="_blank" rel="noopener noreferrer nofollow">announced</a> its third-quarter (Q3) 2025 growth report on Tuesday, November 11, highlighting a more than double increase in protocol revenue over the quarter. With a strong second half of the year to build on, Curve DAO (<a href="https://crypto.news/price/curve-dao/" rel="noopener noreferrer nofollow">CRV</a>) saw its three-month revenue jump to $7.3 million.</p>
<p>The platform, which redistributed a <a href="https://crypto.news/curve-finance-revenue-sharing-proposal-crv-2025/" rel="noopener noreferrer nofollow">share</a> of the generated revenue to veCRV holders, had ended Q2 with $3.9 million.</p>
<p>Meanwhile, momentum across stablecoin trading, helped by deeper liquidity, saw trading volume spike to $29 billion. Curve reported $25.5 billion in cumulative trading volume for the quarter ending June 30, 2025. In Q3, the DeFi protocol’s total value locked rose from $2.1 billion to $2.3 billion.</p>
<p>DEX trading volume jumped $11 billion in October, reaching a six-month high and signalling fresh DeFi momentum. Curve founder Michael Egorov reposted the metric below.</p>
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<p>You might also like: <a href="https://crypto.news/transak-adds-six-us-state-licenses-stablecoin-payments/" rel="noopener noreferrer nofollow"> Transak adds six US state licenses for stablecoin payments </a></p>
<h2 class="wp-block-heading" id="what-drove-curve-finance-s-q3-gains">What drove Curve Finance’s Q3 gains?</h2>
<p>According to the Curve Finance team, <a href="https://crypto.news/cex-stablecoin-reserves-jump-10b-what-does-it-mean/" rel="noopener noreferrer nofollow">stablecoin demand</a> is behind the momentum that drove the protocol’s Q3 outperformance.</p>
<p>Notably, the platform’s native stablecoin, crvUSD, remains steady, with volume hovering around $124 million and a market cap of $278 million. Volume on the day was up 25%, with this suggesting consistent usage as Curve prepares for Yield Basis integration.</p>
<p>Yield Basis is a new protocol by Curve Finance founder Egorov.</p>
<p>The project also documented key milestones, including multi-chain expansion across Plasma and Etherlink. Meanwhile, a PYUSD/USDS liquidity pool launched via a Spark partnership has swiftly surpassed $90 million in TVL.</p>
<p>CRV, the native Curve DAO token, is <a href="https://crypto.news/can-curve-dao-price-erase-august-losses-with-its-robinhood-listing/" rel="noopener noreferrer nofollow">listed on Robinhood</a>, which provides broader access and adoption in the U.S. market. The token traded around $0.48, about 18% up over the past week.</p>
<p>Read more: <a href="https://crypto.news/sofi-crypto-trading-consumers-banking-sector-milestone/" rel="noopener noreferrer nofollow"> SoFi steps into crypto, becomes first bank to bridge TradFi and DeFi </a></p>

Curve Finance revenue doubles in strong Q3, volume hit $29b

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