The liquidity pool of decentralized sources of financing (DeFi) continues to be very popular, and according to Dune Analytics, the financing curve of the decentralized stock exchange (DEX) last week made more than 60 million dollars available daily for the first time ever.
With a daily turnover of close to $1 million at the beginning of June, the explosive hype around crop farming has driven more than 50 times more trading activity in just two months.
The increase in the curve has made the platform the second largest decentralized exchange in terms of trade volume, with Dune Analytics estimating that the curve represents 28% of the total weekly DEX volume of $531.1 million.
The increase in volume above USD 148mn on July 25th put the curve ahead of Uniswap, taking its short-term place at the top of the decentralized trade.
Last month, the Curve unveiled its restructuring plans towards a decentralised autonomous organisation (DAO) and issued a management symbol. The CRV token is intended to be distributed to the platform's liquidity providers, with tokens also to be distributed retroactively to investors providing liquidity to protocol before the CRV is launched.
