Curve DAO’s total value locked (TVL) rose 2.7% to $2.23 billion in the week ending July 10, 2025. The increase followed renewed activity across Ethereum-based liquidity pools and broader DeFi markets. According to Curve’s latest report, this growth also came as Bitcoin reached a new all-time high.
The three top-yielding pools this week were all on Ethereum. The uniETH/frxETH pool offered the highest yield at 38.1%. It was followed by the USDC/jUSD pool at 36.5%, and the crvUSD/VUSD pool at 33.8%.
Yield returns on BTC and ETH pairs also remained strong. For example, the uniETH/WETH pool delivered an 18.6% yield, while WBTC/uniBTC recorded 12.8%.
crvUSD Peg Holds as Supply and Borrowing Dip
crvUSD activity showed a minor contraction. The stablecoin’s total supply declined by 3.3% to $120 million. Borrowed volume dropped 8.2% to $108 million, reflecting elevated interest rates during the period.
Despite the decrease in borrowing, the peg remained steady at $1.0000. Peg Stability Reserves increased by $5.7 million, suggesting improved capital readiness. The average borrow rate dropped to 7%, while the number of loans fell by 11 to 743. Meanwhile, fees collected from crvUSD operations rose by 21.3%, reaching $180,000.
scrvUSD, Curve’s savings variant, yielded 7.2% APY for the week. Its share of the crvUSD supply grew by 3.4%, making up 45.8% of the stablecoin’s total issuance.
Llamalend Loans Up as TVL Shows Slight Gain
Curve’s lending arm, Llamalend, saw its TVL increase to $110 million, up 0.9% from the previous week. The number of loans rose by 55, reaching 859. This suggests more users are testing borrowing tools within the ecosystem.
While total borrowed assets dropped 6.5% to $63.4 million, and collateral fell 4.1% to $82.5 million, the broader lending market remained active. Supplied assets awaiting borrowers stood at $90.5 million.
Ethereum dominated chain-level fee generation, collecting $188,200 from swaps. Hyperliquid followed distantly at $4,600, while Arbitrum came in third with $2,800. Other chains like Fraxtal, Base, and Optimism also recorded minor volumes.
WETH overtook USDC as the most fee-generating asset, with 32,200 swaps totaling $69,300 in fees. USDC, with significantly higher volume, generated $59,400 in fees from 88,800 swaps. CVX moved up sharply to sixth place in the rankings, bringing in $11,700 in swap fees across 1,100 transactions.
crvUSD maintained high demand, contributing $14,800 in fees from over 70,500 swaps.
While swap volume decreased by 30.1% to $1.02 billion and the number of swaps fell by 21.3%, total fees from Curve’s DEX activity still reached $202,000. The weekly TVL increase and growing fee generation across top pools suggest that interest in Curve’s yield and lending products remains high despite temporary slowdowns in trading volume.
Bearish Flag Signals Possible 11 Percent Pullback for Curve DAO (CRV/USDT)
The chart, captured on 15 July 2025 , shows Curve DAO Token CRV/ USDT quoted against United States Dollar Tether (USDT) on the one‑hour timeframe. After a sharp decline marked by the black arrow, price action has climbed inside a narrow, rising channel bounded by the red trend‑lines. This structure fits the definition of a bearish flag—a brief, upward consolidation that forms after an impulsive drop and often precedes another leg lower.
A bearish flag, in one sentence, is a continuation pattern where price drifts higher in a tight channel after a steep sell‑off, only to resume falling once the channel breaks.
Current trading sits near 0.7246 USDT, while the channel’s lower boundary aligns with the 50‑period Exponential Moving Average (EMA) at 0.6813 USDT. Just below, horizontal support rests at 0.6451 USDT. If sellers push price beneath the red channel and the EMA, the flag would confirm; consequently, CRV could decline roughly 11 percent from the present level toward 0.645 USDT, matching the projection measured from the initial flagpole.
Volume bars already reveal heavier selling spikes on down moves, suggesting supply outweighs demand. Moreover, momentum has waned as each intraday high prints marginally lower than the last peak inside the channel. Until buyers reclaim higher ground, the pattern implies that risk tilts to the downside and traders may watch the 0.681 USDT and 0.645 USDT levels for decisive reactions.
CRV/USDT RSI Hits Overbought Zone, Signals Possible Reversal
This Relative Strength Index (RSI) chart shows Curve DAO (CRV) entering a potentially overbought condition. The purple RSI line reached 70.36, while the yellow moving average line trails at 62.54.
The RSI indicator measures momentum. Values above 70 suggest overbought conditions—often followed by a short-term pullback or correction. In this case, RSI crossed the 70 threshold after a steady rise since July 13, confirming bullish momentum has reached a stretched state.
From July 3 to 15, RSI dipped near 30 (oversold) on July 4, recovered above 50 by July 7, and fluctuated around neutral territory until the breakout seen on July 14–15. This aligns with CRV’s recent price rally into a rising channel.
If the RSI fails to push significantly higher and instead drops back below 70, it would support the chart’s bearish flag setup, indicating possible downside. Momentum fading near the overbought line reinforces the likelihood of a correction toward 0.645 USDT, as suggested by price structure.
In summary, the RSI confirms that CRV may face pressure at current levels if momentum weakens.
Balance of Power Shows Weak Buyer Control for CRV/USDT
This Balance of Power (BoP) chart for Curve DAO (CRV/USDT) was captured on July 15, 2025 at 07:19 UTC. The BoP value stands at 0.08, hovering just above the neutral zero line. This reading shows that neither buyers nor sellers are in clear control, although there is a slight bias toward buying pressure.
Balance of Power is an indicator that evaluates the strength of buyers versus sellers within a specific time period. A value above zero indicates buyers are stronger, while a value below zero reflects seller dominance. Here, the current reading is weak and indecisive.
Since July 3, the BoP has remained volatile and lacked sustained movement above 1.0. It frequently flipped below zero, suggesting that recent rallies have not been supported by strong buyer conviction. The sideways bias in recent days matches the bearish flag formation and RSI overbought reading on the broader chart setup.
Unless BoP rises steadily above 0.5 or 1.0, the current technical pattern may shift toward a downside move, especially if price breaks below key support levels. The 0.08 value reinforces the idea of slowing bullish momentum.