Curve Best Yields & Key Metrics | Week 27, 2025
Market Overview
Curve’s TVL increased this week to $2.17B, up 0.7% week over week. With green shoots emerging within crvUSD borrowing, which has stabilized and has risen 2.1% on the week. Borrow rates are also beginning to fall, which is welcome news for borrowers.
There are some excellent yield opportunities in USD stablecoin pools this week. See the top options below, or look through the rest of this report for the latest metrics.
Top Yields
USD Stablecoins
| Chain | Pool | Market | Yield |
|---|---|---|---|
| Pool | 93.7% | ||
| Pool | 59.6% | ||
| Pool | 45.2% | ||
| Pool | 24.6% | ||
| Pool | 23.4% | ||
| Pool | 23.4% | ||
| Pool | 22.6% | ||
| Pool | 20.1% |
Top BTC & ETH Yields
| Chain | Pool | Asset | Yield |
|---|---|---|---|
| ETH | 7.3% | ||
| ETH | 7.2% | ||
| ETH | 6.4% | ||
| ETH | 6.1% | ||
| ETH | 5.8% | ||
| BTC | 4.9% | ||
| BTC | 4.6% | ||
| BTC | 1.9% | ||
| BTC | 1.6% |
Weekly Metrics
crvUSD & scrvUSD
crvUSD supply has stabilized and begun to grow again this week, supported by rising scrvUSD interest rates and declining borrow rates. The crvUSD peg remains strong, holding close to $1.
| Metric | Value | Change |
|---|---|---|
| $118M | +1.7% | |
| $112M | +2.1% | |
| $6.0M | -$309k | |
| 6.2% APY | +1.1% | |
| 42.4% | -0.6% | |
| $0.9998 | -$0.0003 | |
| 8.3% | -3.4% | |
| 754 | +8 | |
| $167k | +0.3% |
DEX
The average swap size increased this week, with total volume up but fewer individual swaps. TVL also rose over the week.
| Metric | Value | Change |
|---|---|---|
| 🔄 TVL | $1.96B | +7.3% |
| 🔄 Volume | $1.46B | +15.6% |
| 🔄 Swaps | 398k | -27.4% |
| 🔄 DAO Revenue | $142k | -13.1% |
Llamalend
Llamalend is still stabilizing following the recent Resupply hack. Volatility is expected after a major event, but Llamalend remains secure and continues to offer competitive borrowing rates across a range of assets.
| Metric | Value | Change |
|---|---|---|
| 🦙 Lending TVL | $109M | -7.2% |
| 🦙 Supplied | $90.4M | -8.1% |
| 🦙 Borrowed | $67.8M | -10.7% |
| 🦙 Collateral | $85.9M | -9.0% |
| 🦙 Loans | 868 | +64 |
Highest Volume Assets
Following recent optimizations for stETH pools, volume has increased significantly for both stETH and ETH. It’s also great to see growing demand for crvUSD and scrvUSD, with crvUSD ranked as the third most-traded asset by volume this week.
| Position | Change | Asset | Swaps | Volume |
|---|---|---|---|---|
| 1 | - | 86.9k | $622M | |
| 2 | - | 48.9k | $456M | |
| 3 | +3 | 78.1k | $166M | |
| 4 | +15 | 699 | $159M | |
| 5 | +12 | 1.54k | $157M | |
| 6 | -2 | 35.9k | $134M | |
| 7 | +1 | 1.52k | $112M | |
| 8 | +17 | 1.71k | $104M | |
| 9 | -4 | 31.9k | $95.8M | |
| 10 | 0 | 167.0 | $88.6M |
Highest Volume Chains
Arbitrum saw a surge in activity this week, unsurprising after the major announcement involving Robinhood.
| Position | Change | Chain | Name | Swaps | Volume |
|---|---|---|---|---|---|
| 1 | - | Ethereum | 53.3k | $1.44B | |
| 2 | - | Polygon | 39.8k | $28.1M | |
| 3 | +1 | Arbitrum | 32.4k | $19.3M | |
| 4 | -1 | Hyperliquid | 101k | $16.3M | |
| 5 | +1 | Sonic | 23.7k | $7.7M | |
| 6 | -1 | Optimism | 64.4k | $5.3M | |
| 7 | +1 | Fraxtal | 56.9k | $3.9M | |
| 8 | -2 | Base | 15.8k | 3.6M | |
| 9 | +1 | Gnosis | 9.4k | 3.1M |
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.