In 2024, Curve Finance experienced significant growth with its user base doubling from 30,000 to 60,000 users, marking a 105% increase. This expansion was influenced by new product features and a substantial interest from institutions like BlackRock, which chose Curve for their liquidity requirements, thus fostering more trust and investment in the platform.
Despite the positive growth, CRV faces potential price challenges depending on market sentiment. With an increase in TVL from 1.7 billion USD to 2.4 billion USD, the token remains undervalued. The MVRV metrics reveal a 10% drop for the last 30 days, indicating undervaluation, while a 12% profit is reported for purchases made 60 days ago.