Curve Best Yields & Key Metrics | Week 22, 2025

Market Overview

It’s been a relatively quiet week for volatility and trading volumes compared to recent weeks. After seven consecutive weeks of growth, Curve’s TVL has stabilized at $2.38B, down 0.9% on the week.

Llamalend TVL continues to rise, marking ten straight weeks of growth since Resupply launched.

As always, Curve offers some of the best single-asset yields in DeFi. This update highlights some of the most compelling opportunities and key metrics across the Curve ecosystem.

Top Yields

Top USD Stablecoin Yields

Chain	Market	Type	Yield
	crvUSD EYWA	Llamalend	33.9%
	USDT tacUSD	Pool	18.6%
	scUSD frxUSD	Pool	17.8%
	crvUSD SQUID	Llamalend	13.5%
	scrvUSD sfrxUSD	Pool	13.1%
	dUSD sfrxUSD	Pool	12.7%
	crvUSD CRV	Llamalend	12.6%
	miMATIC USDC.e	Pool	12.4%
	msUSD FRAX USDC	Pool	12.2%

Top Alternative Asset Yields

Chain	Pool	Type	Yield
	CrossCurve CRV	CRV	24.8%
	CRV vsdCRV asdCRV	CRV	19.5%
	scETH frxETH	ETH	16.7%
	crvUSD WBTC WETH	TRICRYPTO	15.8%
	WETH tacETH	ETH	12.2%
	msETH WETH	ETH	9.5%
	EURA EURT EURS	EUR	4.9%
	EBTC tBTC	BTC	3.9%
	WBTC tBTC	BTC	3.6%

Ecosystem Metrics

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

crvUSD & scrvUSD Performance

crvUSD fees were not harvested this week, so the DAO will receive two weeks worth of fees in next week.

The totals below include the fees generated this week, and the DAO still earned significantly, with borrow rates rising due to increased demand for leverage.
scrvUSD yields have also improved, reflecting the higher borrow rates.

Note: The fee figure shown below represents total fees generated, not those distributed. $122K in fees are currently queued for distribution to veCRV holders next week.

Metric	Value	Change
crvUSD Total Supply	$144M	-6.2%
crvUSD Borrowed	$129M	-4.9%
Peg Stability Reserves	$14.7M	-$2.8M
scrvUSD Yield	6.3% APY	+2.6%
crvUSD inscrvUSD	28.7%	+0.6%
crvUSD Peg	$1.0000	+$0.0001
Avg. Borrow Rate	6.9%	+0.5%
Loans	781	-10
Fees	$167k	+58.0%

Pool Statistics

All pool metrics remained relatively stable this week. Volumes were up, but the total number of swaps declined slightly, while fees and TVL held steady. This is in line with broader market conditions.

LlamaLend Performance

This week marks 10 consecutive weeks of Llamalend TVL growth since the launch of Resupply. TVL has grown from just $36M to over five times that amount, now exceeding $184M in just ten weeks.

Notable Pool Activity

Highest Volume Pools

The major assets continue to dominate volumes, and this week is no exception.

Chain	Pool	Volume	TVL
	DAI USDC USDT	$315M	$185M
	USDC USDT	$176M	$5.57M
	sUSDS USDT	$69.4M	$50.6M
	USDC RLUSD	$67.3M	$45.3M

Recently Launched Pools

Two new pools have launched recently, adding a combined $600K in TVL.

Chain	Pool	TVL
	sUSDai USDC	$306k
	USDai USDC	$304k

Highest Fee Generating Pools

Chain	Pool	Fees	Volume
	DAI USDC USDT	$25.2k	$315M
	USDT WBTC WETH	$23.0k	$14.1M
	USD0 USD0++	$14.8k	$37.1M

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.