Curve’s 3pool Liquidity Pool proves its worth with $2.8 billion daily trading volume
On March 11, according to Curve data, the daily trading volume of Curve stable currency 3pool (USDC/USDT/DAI) liquidity pool has reached US $2.8 billion, 7.5 t…
On March 11, according to Curve data, the daily trading volume of Curve stable currency 3pool (USDC/USDT/DAI) liquidity pool has reached US $2.8 billion, 7.5 times the TVL of the pool.
The daily trading volume of Curve stable currency 3Pool reached US $2.8 billion
Analysis based on this information:
According to data from Curve, a decentralized exchange that enables seamless trading of stablecoins, the daily trading volume of the Curve stable currency 3pool, which includes the stablecoins USDC, USDT, and DAI, has surpassed $2.8 billion on March 11. This figure is 7.5 times the total value of liquidity (TVL) in the 3pool.
The significance of this milestone is immense, for it proves the value proposition of 3pool as a top-performing liquidity pool that enables high-frequency trading with reduced slippage. It is worth noting that the recent surge in trading volumes is primarily due to higher stability and liquidity levels of the assets in the pool, which provides significant advantages over traditional financial markets. Moreover, the stablecoins in the pool have a low volatility rate, resulting in steadier trading results for investors.
Increased trading volumes across 3pool have propelled Curve to become a favorite among traders and investors looking to trade stablecoins quickly and efficiently. With the recent surge in trading volumes, Curve’s 3pool has established itself as a leading decentralized exchange in the stablecoin trading space, offering investors and traders the best rates and low slippage while trading.
In conclusion, the surging trading volumes of Curve’s stable currency 3pool is proof of the growing popularity and trust in the platform. The pool’s performance indicates that the attraction of stablecoins is on the rise and traders are recognizing the platform’s stability, liquidity, and low volatility. The increased trading volume numbers mean that Curve is becoming the go-to platform for trading stablecoins among investors and traders alike.
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/8145/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
What is Oasis Coin (oros)?
What is Oasis Coin? On October 25th, Oasis Coin is a blockchain-based decentrali
-
Coinbase’s Security Reviews: ChatGPT Raises Accuracy Concerns
It is reported that Coinbase: ChatGPT, a cryptocurrency exchange, does not meet the accuracy requirements of security reviews.
Coinbase: ChatGPT does not meet the accuracy requirem -
7:00-12:00: Exploring the Top Four Emerging Cryptocurrencies – Allbridge, Dmail, Alchemy Pay, Bybit
7:00-12:00 Keyword: Allbridge, Dmail, Alchemy Pay, Bybit
Summary of important developments at noon on April 3rd
Cryptocurrency is proving to be one of the most promising investment -
Optimism Goerli Node Experiences Suspension Due to Shapella Bifurcation
It is reported that Optimism tweeted that the Shapella bifurcation of Goerli caused the Optimism Goerli node to be suspended in the default configuration. The node provider will need to add flags to resume synchronization. The Shapella bifurcation of Goerli causes the Optimism Goerli node to pause in the default configuration Analysis based on this information:The recent tweet from Optimism brought to light an issue that has caused the suspension of their Goerli node. According to the tweet, the Shapella bifurcation of Goerli has led to the suspension of the Optimism Goerli node in the default configuration. This is a technical issue that requires some intervention from the node provider to resume synchronization. Optimism is a layer 2 protocol that aims to provide fast and scalable transactions on the Ethereum network. The protocol uses a special type of smart contract called an optimistic rollup to batch multiple transactions into a single transaction on the Ethereum network. Optimism was recently launched…
-
Pacman and his Team continue to receive Support from Paradigm Founders
On February 22, Matt Huang, the co-founder of Paradigm, wrote on social media about the public identity of Pacman, the founder of Blur, saying: Namebase is one…
-
BTC surges to record high amid market volatility
According to the report, the market shows that BTC has broken through $24000 and is now reported at $24017.1, with an intra-day increase of 18.01%. The market is volatile, so please do a good job in risk control. BTC exceeded $24000 Analysis based on this information:The cryptocurrency market has witnessed a remarkable surge in the value of Bitcoin (BTC) as the digital asset broke through $24000 and reached a record high of $24017.1. This marks an intra-day increase of 18.01%, indicating strong investor confidence in the cryptocurrency despite the prevailing market volatility. BTC has been on a steady upward trend in recent weeks, driven by a surge in demand from institutional investors and an increasing number of individual investors seeking to diversify their portfolios. The cryptocurrency’s limited supply and its decentralized nature have also contributed to its appeal as a store of value. However, as the report highlights, the market is volatile and investors must exercise caution in managing their…
-
Ethereum Goerli Test Network Activated Shapella Upgrade
It is reported that the Ethereum Goerli test network activated the Shapella upgrade at 6:26 on March 15. When the block was triggered, the verification node participation rate was 29%, which was low for Ethereum. In the YouTube live broadcast, Ben Edgington, the product leader of Teku, an Ethereum customer, admitted that the low participation rate might be due to the failure of the verification node to upgrade to the Goerli bifurcation in time. Ethereum Goerli test network activates Shapella upgrade, and the participation rate of verification nodes is 29% Analysis based on this information:On March 15, the Ethereum Goerli test network activated the Shapella upgrade, which was seen in the blockchain industry as the latest key upgrade to Ethereum. However, it was reported that the verification node participation rate at the time of activation was as low as 29%, which is considered low for Ethereum. This meant that only 29% of the verification nodes, which are essential to maintaining…
-
What does usc recharge mean (ustd recharge)
What does usc recharge mean? Usc recharge means transferring through Bitcoin.Acc
-
Folkvang’s Struggle After FTX’s Collapse
According to the news on February 24, Mike van Rossum, founder of the cryptocurrency market maker Folkvang, said in response to \”the current situation of the c…
-
The Aave community’s proposal to deploy Aave V3 on the Metis main network has been approved
It is reported that the proposal initiated by the Aave community for deploying Aave V3 on the Metis main network has now been approved. The proposal states that if voted, Aave will
-
Salesforce and Polygon Partner to Offer NFT-Based Loyalty Plans
On March 18th, Ryan Wyatt, President of Polygon Labs, announced on social media that Salesforce, a customer relationship management (CRM) software company, has partnered with Polygon to develop an NFT-based loyalty plan. Salesforce will help its customers join Polygon through its management platform and create an NFT-based loyalty plan. President of Polygon Labs: Salesforce has partnered with Polygon to launch an NFT-based loyalty program Analysis based on this information:Salesforce, a leading cloud-based software company specializing in customer relationship management (CRM), has partnered with Polygon Labs to launch an NFT-based loyalty plan. This announcement was made by Ryan Wyatt, President of Polygon Labs, on March 18 through his social media handle. The move by Salesforce to partner with Polygon is a significant step towards leveraging blockchain technology in a customer loyalty program. The use of NFTs in loyalty plans offers many benefits, including transparency, traceability, and security. Unlike traditional loyalty programs that require a centralized system, NFT-based plans are decentralized, ensuring…
-
Ethereum Addresses Cross Chain to zkSync Era Surpasses 100,000 Milestone
On March 27th, according to the Web3 Knowledge Map Protocol 0xScope monitoring, since the opening of the main network of zkSync Era, more than 100000 addresses have crossed the cha
-
What graphics card is used for XMR mining (xmrig gpu mining)?
What graphics card is used for XMR mining? According to RZy.com data, the mainst
-
Bitcoin Market Leverage Ratio Continues to Decline, Indicating Low Volatility in Future Prices
On April 27th, it was reported that a key indicator measuring the leverage usage in the Bitcoin market continued to decline, indicating low volatility in Bitcoin prices in the futu
-
Arbitrum Ecological DEX Camelot to Launch V2 in Three Stages
On April 7th, it was announced that Arbitrum Ecological DEX Camelot will start V2 on April 8th, which will be launched in three stages. The first stage (centralized liquidity AMM)
-
Cardano’s Network Upgrade Improves Security and Interoperability
On February 15, it was reported that Cardano had completed the network upgrade aimed at improving network security and Plutus cross-chain interoperability. Thi…