Curve Best Yields & Key Metrics | Week 25, 2025
Market Overview
Curve’s total TVL declined to slightly to $2.29B this week, down 4.9% and in line with broader market conditions. However, activity on Layer 2s is gaining momentum. Curve’s Hyperliquid deployment recorded more swaps than any other chain, with 121,000 swaps this week, averaging one every five seconds. In total, L2s accounted for nearly 90% of all swaps on Curve.
As always, Curve continues to offer some of the best yield opportunities in DeFi. This update highlights the most compelling options across the Curve ecosystem.
Top Yields
Top USD Stablecoin Yields
This week brings strong opportunities for crvUSD yield, particularly in Llamalend markets on Sonic.
| Chain | Market | Type | Yield |
|---|---|---|---|
| Pool | 34.7% | ||
| Llamalend | 24.9% | ||
| Llamalend | 23.0% | ||
| Llamalend | 22.8% | ||
| Llamalend | 22.5% | ||
| Llamalend | 22.3% | ||
| Llamalend | 21.5% | ||
| Pool | 15.1% | ||
| Pool | 14.4% |
Top Major Asset Yields
| Chain | Pool | Type | Yield |
|---|---|---|---|
| ETH | 30.8% | ||
| ETH | 17.5% | ||
| ETH | 8.5% | ||
| BTC | 4.5% | ||
| BTC | 4.4% | ||
| BTC | 2.6% |
Other Asset Top Yields
| Chain | Pool | Type | Yield |
|---|---|---|---|
| CRV | 27.5% | ||
| CRV | 21.9% | ||
| TRICRYPTO | 12.6% | ||
| EUR | 3.6% |
Ecosystem Metrics
All changes (shown with + or -) represent the difference compared to values from one week ago.
crvUSD & scrvUSD Metrics
The amount of crvUSD borrowed declined this week, which is expected as borrowing rates rise. Meanwhile, the share of crvUSD staked in the Savings Vault (scrvUSD) continued to increase, as users took advantage of the attractive yield. As always, the peg remains firm.
| Metric | Value | Change |
|---|---|---|
| $131M | -0.8% | |
| $120M | -4.7% | |
| $11.1M | +$4.8M | |
| 8.4% APY | +3.7% | |
| 36.0% | +1.8% | |
| $1.0001 | +$0.0002 | |
| 7.7% | -1.8% | |
| 753 | -13 | |
| $167k | +0.3% |
Pool Metrics
Pools have been printing this week, with all metrics significantly higher apart from TVL, which is to be expected with the recent market performance.
| Metric | Value | Change |
|---|---|---|
| 🔄 TVL | $1.91B | -2.9% |
| 🔄 Volume | $1.55B | +8.4% |
| 🔄 Swaps | 554k | +17.6% |
| 🔄 Total Fees | $334k | +12.6% |
Llamalend Metrics
Llamalend remains steady this week, with borrowing down alongside crvUSD. But thanks to Resupply, borrowers can still earn while borrowing. It's one of the most attractive places to get loans in DeFi right now.
| Metric | Value | Change |
|---|---|---|
| 🦙 Lending TVL | $171M | -3.5% |
| 🦙 Supplied | $148M | -1.8% |
| 🦙 Borrowed | $103M | -4.0% |
| 🦙 Loans | 936 | +1 |
Notable Pool Activity
Chain Activity
Below is a brief overview Curve's chain activity. The majority of the volume still happens on Ethereum, but almost 90% of the swaps are now happening on other networks. It's also huge to see Hyperliquid in 3rd place for volume after only being fully deployed in the recent weeks.
| Chain | Name | Swaps | Volume |
|---|---|---|---|
| Ethereum | 61.4k | $1.42B | |
| Polygon | 54.4k | $49.2M | |
| Hyperliquid | 121k | $30.1M | |
| Arbitrum | 45.8k | $25.4M | |
| Optimism | 101k | $10.4M | |
| Sonic | 26.6k | $6.1M | |
| Base | 31.4k | $5.9M | |
| Fraxtal | 103k | $4.4M | |
| Gnosis | 8.5k | $3.2M |
Highest Volume Assets
Below are the top 10 assets in terms of volume for Curve for this week. It's great to see both crvUSD and scrvUSD both in the top 10, and shows the demand that is increasing for these assets.
| Asset | Trades | Volume |
|---|---|---|
| 122k | $734M | |
| 78.9k | $644M | |
| 48.6k | $158M | |
| 32.6k | $133M | |
| 36.5k | $123M | |
| 198 | $96.6M | |
| 1.3k | $95.7M | |
| 112k | $93.5M | |
| 1.1k | $71.9M | |
| 561 | $60.4M |
Highest Volume Pools
It’s notable to see the reUSD/scrvUSD pool among the top volume pools this week, reflecting the strong demand Resupply has driven for these assets.
| Chain | Pool | Volume | TVL |
|---|---|---|---|
| $313M | $180M | ||
| $129M | $6.3M | ||
| $96.5M | $52.9M | ||
| $64.6M | $50.7M | ||
| $59.0M | $94.5M |
Recently Launched Pools
Seven pools were launched recently, adding around $6M TVL for Curve, with Napier Finance continuing to build with Curve's pools.
| Chain | Pool | TVL |
|---|---|---|
| $2.66M | ||
| $2.42M | ||
| $424k | ||
| $58k | ||
| $33k |
Highest Fee Generating Pools
Once again, two of the Tricrypto pools ranked in the top five this week. Pools on Hyperliquid are also starting to print fees, with the PURR/WHYPE pool making the top five for fees despite just $6.6M in volume.
| Chain | Pool | Fees | Volume |
|---|---|---|---|
| $31k | $21.7M | ||
| $25k | $313M | ||
| $19k | $6.5M | ||
| $18k | $43.6M | ||
| $15k | $30.3M |
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.
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.