A fan asked how $CRV is doing? Convex Finance (CVX) is considered a veteran in the DeFi space, specifically helping users optimize yields on Curve.
With a market cap of 320 million dollars and a circulation of 82 million tokens. The drop from its peak has indeed been severe, but as a yield aggregator in the DeFi 2.0 era, its staking CVX to earn cvxCRV feature is quite unique.
Essentially, it is a yield amplifier for Curve, specifically benefiting from the Curve ecosystem's rewards.
Recently, the price has been fluctuating between 3.5 to 4 dollars, clearly waiting for the next wave of DeFi momentum. If you ask me, this kind of specialized token is all about capturing ecological value, and it depends on whether the Curve foundational support can hold up.
At this price level, it has already dropped to ankle-cut territory, but what DeFi projects fear the most is an inactive ecosystem. Those in the know understand that CVX will either rise with Curve or continue to be a tear of the DeFi era.
In the crypto world, choice is greater than effort! Follow the right people, and making money will come naturally!
