Active Loans of Curve DAO Reached $76.18 Million

Active loans in Curve DAO increased to $76.18 million, indicating a growing demand for borrowing and increased activity in the field of decentralized finance (DeFi). Over the past 24 hours, the CRV token has risen in price by 10% after rebounding from the 20-day exponential moving average (EMA) of about $0.36. Against the background of rising prices, optimism remains among buyers who are actively entering the market, preventing the correction from deepening.

The growth is also supported by improvements in key network indicators. The volume of staking in Curve has exceeded $300 million over the past two days, which indicates a decrease in the liquid supply of tokens and an increase in long-term confidence among holders. At the same time, active loans in the protocol expanded to $76.18 million, indicating an increase in demand for loans and increased activity in DeFi. The revenue of the protocol also increased and amounted to $158 thousand, which indicates an increase in the use of the Curve ecosystem and an improvement in the main network indicators.

On the long-term chart, the market structure still indicates a bullish trend. The token continues to trade above key EMA levels, and the next significant resistance level is $0.4156. A breakdown of this level may confirm the continuation of the current uptrend and arouse additional interest from buyers. However, to do this, buyers need to stay above the 20-day EMA, which has once again become a key support point. An increase in borrowing and the strengthening of the network economy as a whole can contribute to the further growth of the token, especially if customer interest remains at the current level or increases.