Curve Best Yields & Key Metrics | Week 21, 2025

Market Overview

Curve's TVL increased by 2% to $2.4B this week, supported by rising liquidity across swap pools, sustained growth from Llamalend, and continued borrowing of crvUSD.

This weekly update highlights some of the most compelling opportunities and metrics across the Curve ecosystem.

Top Yields

Top USD Stablecoin Yields

Chain Market Type Yield
frxUSD
USDe
Pool 20.7%
BOLD
LUSD
Pool 20.5%
scUSD
frxUSD
Pool 15.8%
frxUSD
dUSD
Pool 15.4%
msUSD
FRAX
USDC
Pool 15.3%
BOLD
USDC
Pool 14.2%
OUSD
USDC
Pool 13.2%
dUSD
sfrxUSD
Pool 12.9%
miMATIC
USDC.e
Pool 12.7%
USDC
scrvUSD
Pool 12.7%

Top Asset Yields

Chain Pool Type Yield
scETH
frxETH
ETH 25.5%
CrossCurve CRV
CRV 25.2%
CRV
vsdCRV
asdCRV
CRV 19.3%
crvUSD
WBTC
WETH
TRICRYPTO 15.7%
msETH
WETH
ETH 13.7%
msETH
OETH
ETH 10.2%
EURA
EURT
EURS
EUR 6.3%
EBTC
tBTC
BTC 5.0%
WBTC
tBTC
BTC 3.7%

Ecosystem Metrics

All changes (shown with + or -) represent the difference compared to values from one week ago.

CrvUSD & scrvUSD Performance

As leverage demand rises, borrowers mint crvUSD and swap it for assets like ETH and BTC. This exerts downward pressure on the peg, triggering PegKeepers to withdraw crvUSD and protect its peg with their Peg Stability Reserves. As a result, borrow rates, fees, and scrvUSD APY all increased this week due to the peg-driven rate adjustments and PegKeeper activity.

Metric Value Change
crvUSD Total Supply
$153M -9.5%
crvUSD Borrowed
$136M +3.6%
Peg Stability Reserves
$17.5M -$20.7M
scrvUSD Yield
3.7% APY +2.0%
crvUSD inscrvUSD
28.1% -0.8%
crvUSD Peg
$0.9999 -
Avg. Borrow Rate
6.4% +3.5%
Loans
791 +3
Fees
$106k +127%

Pool Statistics

Despite reduced volatility and lower trading volumes this week, fees have remained relatively strong — a positive indicator — and TVL has increased.

Metric Value Change
🔄 TVL $1.96B +1.2%
🔄 Volume $1.39B -47.7%
🔄 Swaps 385k -6.4%
🔄 Total Fees $320k -32.8%

Llamalend Performance

It’s notable to see an L2 pool among the top volume generators, reflecting Curve’s growing presence across EVM chains.

Metric Value Change
🦙 Lending TVL $179M +2.6%
🦙 Supplied $151M +0.4%
🦙 Borrowed $92.3M +8.5%
🦙 Loans 870 +23

Notable Pool Activity

Highest Volume Pools

It's great to see a L2 pool here in the top pools for volume, as Curve's presence continues to increase over all EVM chains.

Chain Pool Volume TVL
DAI
USDC
USDT
$204M $181M
USDC
USDT
$96.9M $6.4M
ETH
stETH
$64.8M $136M
USDC.e
USDâ‚®0
$49.1M $4.0M

Recently Launched and High Growth Pools

All the pools listed below either launched or experienced 10x growth over the past week, contributing over $11M in additional TVL on Curve.

Chain Pool TVL
tacBTC
cbBTC
FBTC
$7.95M
msETH
OETH
$1.54M
USDT
tacUSD
$1.43M
WETH
tacETH
$981k
reUSD
fxUSD
$668k

Highest Fee Generating Pools

Chain Pool Fees Volume
USDT
WBTC
WETH
$32.2k $13.5M
DAI
USDC
USDT
$16.3k $204M
USDT
WBTC
WETH
$15.5k $23.9M

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.