Curve Best Yields & Key Metrics | Week 2, 2026

Market Overview

It has been a very positive week for Curve. There was plenty of notable news this week:

• TVL has increased to $2.570B, up 4.3%.
• crvUSD borrowed supply has increased over 19% ($15M) to $91M.
• YieldBasis launched a new WETH market with a $25M cap, which filled up in less than 3 minutes. It uses the efficient new FXSwap pool types.
• Resupply launched a new sreUSD market, helping protect the crvUSD peg by creating a liquidity sink.
• The year in review is out, read it here: Curve: 2025 Year in Review

There are some great yields available this week, especially with the new pmUSD stablecoin from RAAC. See all the highlighted yields and metrics below.

Top Yields

All yields shown below are the unboosted rates offered directly through Curve. However, projects such as Convex, StakeDAO and Yearn all offer boosting for these yields.

Large crvUSD Markets

Chain	Market	TVL	Yield
	crvUSD sDOLA	$32.2M	5.0%
	crvUSD sreUSD	$21.3M	5.0%
	reUSD scrvUSD	$14.6M	3.6%
	USDT crvUSD	$72.7M	3.5%

Other Top USD Yields

Chain	Market	Type	Yield
	pmUSD frxUSD	Pool	103.6%
	pmUSD crvUSD	Pool	97.6%
	USDp frxUSD	Pool	19.6%
	USDT0 USDe	Pool	17.9%
	miMATIC USDC.e	Pool	12.8%
	alUSD USDC	Pool	12.6%
	USDT0 sUSDe	Pool	12.4%
	crvUSD WFRAX	Llamalend	11.4%
	AUSD USDC USDT0	Pool	9.7%

Top BTC & ETH Yields

Chain	Market	Asset	Yield
	WBTC cbBTC hemiBTC	BTC	13.6%
	WBTC LBTC BTC.b	BTC	10.7%
	WETH pufETH	ETH	7.9%
	uniBTC brBTC	BTC	6.0%
	msETH OETH	ETH	5.8%
	msETH WETH	ETH	5.3%

Other Top Yields

Chain	Market	Asset	Yield
	CrossCurve CRV/USD	CRV	25.7%
	CrossCurve CRV 2	CRV	14.2%
	EURe WXDAI USDC USDT	FOREX	9.5%
	crvUSD CJPY	FOREX	7.7%
	EURA EURT EURS	EUR	7.3%
	EURA EURC	EUR	6.0%
	crvUSD ZCHF	FOREX	5.9%
	GHO cbBTC WETH	TRICRYPTO	5.5%

Weekly Metrics

crvUSD & scrvUSD

crvUSD minted this week was up over 19% (with over $15M borrowed during the week), marking an incredible week for crvUSD.

Metric	Value	Change
crvUSD Minted	$91.4M	+19.2%
scrvUSD Yield	1.9%	+1.1%
crvUSD inscrvUSD	22.1%	-4.2%
crvUSD Price	$0.9993	-
Avg. Borrow Rate	2.8%	+1.8%
Peg Stability Reserves	$39.2M	-$17.8M
PegKeeper Profit	$3.4k	+$3.4k

Llamalend

Llamalend had a great week with positive metrics across the board. Perhaps people are starting to recognize Curve's cheap loans and liquidation protection features?

DEX

DEX Pools also had a great week, with fees and volumes once again seeing a significant increase, along with TVL and the number of swaps.

DAO

The DAO recorded a positive week as well, with veCRV holder distributions higher than last week. CRV emissions to LPs increased by 6.3%, driven by a higher average CRV price over the week.

Metric	Value	Change
CRV Circ. Supply	1.46B	+0.2%
CRV Locked	859M	-
Total veCRV	791M	-0.4%
veCRV Distribution	$99.3k	+73.1%
CRV Emissions	$912k (2.22M CRV)	+6.3%
Inflation Rate	4.941%	-0.005%

Top Stableswap Pools

The top pools by volume were once again the USDS pools. The standout surprises were the NUSD and USDe/USDT pools, both of which saw very large jumps up the leaderboard.

📍	🔄	Chain	Pool	Volume	Fees
1	-		PYUSD USDS	$404.3M	$4.4k
2	+2		sUSDS USDT	$202.9M	$3.0k
3	-		DAI USDC USDT	$128.0M	$19.2k
4	+3		USDC USDT	$83.2M	$1.1k
5	-3		USDT crvUSD	$70.5M	$7.0k
6	+5		USDC RLUSD	$60.9M	$13.0k
7	+23		NUSD USDC	$56.2M	$5.8k
8	-3		USDC crvUSD	$39.3M	$3.9k
9	-3		WETH weETH	$36.0M	$2.1k
10	+46		USDT USDe	$25.0M	$874.3

Top Cryptoswap Pools

Due to CVX’s sharp price increase and heightened volatility this week, CVX pools saw strong demand. This resulted in substantial fee generation for LPs.

📍	🔄	Chain	Pool	Volume	Fees
1	+2		USDT WBTC WETH	$21.6M	$20.8k
2	-1		USDC WBTC WETH	$21.1M	$9.9k
3	-1		USDT WBTC WETH	$17.5M	$8.1k
4	-		crvUSD WETH CRV	$12.7M	$6.7k
5	+1		WETH CVX	$7.9M	$31.5k
6	+7		frxETH CVX	$2.3M	$9.0k
7	-		ETH+ eUSD RSR	$1.9M	$1.7k
8	-3		crvUSD YB	$1.4M	$4.9k
9	+8		EIGEN WETH	$657.9k	$2.2k
10	-		crvUSD WETH	$478.1k	$2.1k

DEX Winners & Losers

Fees Winners & Losers

The extreme rally in CVX drove significant fee generation, with the WETH/CVX pool winning the week by a wide margin. Notably, very few pools saw declines in swap fees this week. The YB/crvUSD pool recorded the largest decrease, though this was limited to a $1.36k week-on-week drop.

📍	Chain	Pool	Volume	Fees	Change
1		WETH CVX	$7.86M	$31.5k	+$25.2k
2		USDC RLUSD	$60.9M	$13k	+$10.3k
3		DAI USDC USDT	$128M	$19.2k	+$10.2k
...	...	...	...	...	...
-3		YB sdYB	$59.1k	$174	-$672
-2		cUSDO USDC	$149k	$30.1	-$938
-1		crvUSD YB	$1.42M	$4.93k	-$1.36k

Volume Winners & Losers

Volumes rebounded strongly this week across major pools, following lower-than-usual volatility and activity last week.

📍	Chain	Pool	Volume	Fees	Change
1		sUSDS USDT	$203M	$3.04k	+$153M
2		DAI USDC USDT	$128M	$19.2k	+$68.3M
3		USDC USDT	$83.2M	$1.13k	+$58.3M
...	...	...	...	...	...
-3		cUSDO USDC	$149k	$30.1	-$4.51M
-2		USDai USDC	$18.9M	$2.03k	-$4.57M
-1		WBTC tBTC	$16.4M	$1.64k	-$4.77M

TVL Winners & Losers

Capital rotated through the stUSDS pools this week, with liquidity exiting the older pool and even more flowing into the newer USDS/stUSDS pool. The USDT/crvUSD pool experienced a $16M outflow as PegKeepers withdrew liquidity to help maintain the crvUSD peg.

📍	Chain	Pool	TVL	Change
1		USDS stUSDS	$31.3M	+$17.5M
2		DOLA sUSDe	$95.5M	+$10.5M
3		scBTC sWBTC_ar	$9.95M	+$9.95M
...	...	...	...	...
-3		DOLA wstUSR	$39.5M	-$2.77M
-2		sUSDS stUSDS	$598k	-$4.63M
-1		USDT crvUSD	$72.7M	-$16.5M

Llamalend Winners & Losers

crvUSD Minting Markets - Borrowing Winners & Losers

The WBTC market saw a substantial $11.7M increase in borrowing this week, representing a very large week-on-week change. Notably, only one market experienced any outflow at all, and that outflow was less than $1k.

📍	Chain	Market	Collateral	Borrowed	Change
1		crvUSD WBTC	$81.8M	$47M	+$11.7M
2		crvUSD WETH	$34.7M	$20.2M	+$1.33M
3		crvUSD wstETH	$16.4M	$8.65M	+$755k
...	...	...	...	...	...
-3		crvUSD weETH	$2.14M	$1.15M	+$8.92k
-2		crvUSD sfrxETH	$497k	$150k	+$9.84
-1		crvUSD LBTC	$395k	$251k	-$606

Lend Markets - Borrowing Winners & Losers

sDOLA continued its dominance, once again increasing week on week.

📍	Chain	Market	Supplied	Borrowed	Change
1		crvUSD sDOLA	$32.2M	$27.5M	+$1.61M
2		crvUSD sreUSD	$21.3M	$18M	+$130k
3		crvUSD sfrxUSD	$7.03M	$6.53M	+$108k
...	...	...	...	...	...
-3		crvUSD WETH	$498k	$355k	-$13.1k
-2		crvUSD WBTC	$911k	$722k	-$25.9k
-1		crvUSD ynETHx	$11.2k	$8.66k	-$51.8k

Lend Markets - Supplying Winners & Losers

sreUSD led the week in increased supplied crvUSD, taking the top spot among lending markets.

📍	Chain	Market	Supplied	Borrowed	Change
1		crvUSD sreUSD	$21.3M	$18M	+$390k
2		crvUSD CRV	$4.29M	$3.36M	+$231k
3		crvUSD wstETH	$803k	$606k	+$157k
...	...	...	...	...	...
-3		crvUSD WBTC	$911k	$722k	-$78.7k
-2		crvUSD ynETHx	$11.2k	$8.66k	-$87.4k
-1		crvUSD sfrxUSD	$7.03M	$6.53M	-$417k

Curve's ecosystem continues to expand rapidly, welcoming new teams and pools weekly. If you're interested in launching a pool, lending market, or simply want to connect with the community, join us on Telegram or Discord.

Risk Disclaimer

References to specific pools or Llamalend markets do not constitute endorsements of their safety. We strongly encourage conducting personal risk analysis before engaging with any pools or markets. Please review our detailed risk disclaimers: Pool Risk Disclaimer, Llamalend Risk Disclaimer, crvUSD Risk Disclaimer.