Curve Finance：乘着 DeFi 浪潮，收入和交易量激增

Curve Finance 2025 年第三季度显示，在稳定币需求和战略扩张的推动下，收入和交易量出现了令人印象深刻的增长。这个 DeFi 巨头的下一步是什么？

Curve Finance is making waves, folks! With revenue more than doubling and trading volume surging, it looks like this DeFi protocol is heating up. Let's dive into what's driving this growth and what it means for the future of Curve.

Curve Finance 正在掀起波澜，伙计们！随着收入翻倍多、交易量激增，这个 DeFi 协议似乎正在升温。让我们深入探讨推动这种增长的因素以及它对 Curve 的未来意味着什么。

Curve Finance Q3 2025: A Quarter of Impressive Growth

Curve Finance 2025 年第三季度：增长令人印象深刻的季度

The numbers don't lie. Curve Finance's Q3 2025 report, released November 11, 2025, shows a significant jump in key metrics:

数字不会说谎。 Curve Finance 于 2025 年 11 月 11 日发布的 2025 年第三季度报告显示，关键指标显着跃升：

• Revenue: More than doubled, reaching $7.3 million compared to $3.9 million in Q2.
• Trading Volume: Spiked to $29 billion, up from $25.5 billion in the previous quarter.
• Total Value Locked (TVL): Rose from $2.1 billion to $2.3 billion.

This growth signals a strong second half of the year for Curve DAO (CRV). But what's behind these impressive figures?

这一增长标志着 Curve DAO (CRV) 今年下半年的强劲增长。但这些令人印象深刻的数字背后是什么？

Stablecoin Demand: The Engine Behind the Surge

稳定币需求：激增背后的引擎

According to the Curve Finance team, the primary driver behind this Q3 outperformance is the rising demand for stablecoin trading. Their native stablecoin, crvUSD, remains steady with a market cap of $278 million, demonstrating consistent usage.

Curve Finance 团队表示，第三季度表现优异的主要驱动力是稳定币交易需求的不断增长。他们的原生稳定币 crvUSD 保持稳定，市值为 2.78 亿美元，表现出一致的使用情况。

This aligns with the broader market trend where users are becoming more selective about where they allocate capital. Curve Finance is benefiting from this flight to quality, offering deep liquidity and minimal slippage for stablecoin trades.

这与更广泛的市场趋势相一致，即用户对资本配置的地点变得更加挑剔。 Curve Finance 正受益于这种对质量的追求，为稳定币交易提供深度的流动性和最小的滑点。

Strategic Expansions and Partnerships

战略扩张和合作伙伴关系

Curve Finance isn't just relying on market trends. They're actively expanding their ecosystem through strategic initiatives:

Curve Finance 不仅仅依赖市场趋势。他们正在通过战略举措积极扩展其生态系统：

• Multi-Chain Expansion: New deployments on Plasma and Etherlink.
• Spark Partnership: Launched a PYUSD/USDS liquidity pool that quickly exceeded $90 million in TVL.
• Yield Basis Integration: Preparing for integration with Yield Basis, a new protocol by Curve Finance founder Michael Egorov.
• CRV Listing on Robinhood: Increased accessibility for U.S. investors.

Looking Ahead: FX Trading and Continued Growth

展望未来：外汇交易和持续增长

Curve Finance isn't resting on its laurels. The team plans to focus on FX trading as the next major product direction. With stablecoin adoption accelerating, they anticipate rising demand for efficient on-chain FX markets and aim to be the liquidity backbone powering that shift.

Curve Finance 并没有满足于现状。该团队计划将外汇交易作为下一个主要产品方向。随着稳定币的采用加速，他们预计对高效的链上外汇市场的需求将不断增长，并致力于成为推动这一转变的流动性支柱。

My Take: Curve Finance is a DeFi Powerhouse

我的看法：Curve Finance 是一家 DeFi 巨头

Based on the evidence, Curve Finance is not just surviving, but thriving in the competitive DeFi landscape. The focus on stablecoin trading, combined with strategic expansions and partnerships, positions them for continued growth. The increase in trading volume and revenue isn't just luck; it's a result of a well-executed strategy and a deep understanding of market needs. And with the listing of CRV on Robinhood, the broader U.S. retail audience has more access to this DEFI powerhouse.

根据证据，Curve Finance 不仅生存下来，而且在竞争激烈的 DeFi 领域蓬勃发展。对稳定币交易的关注，加上战略扩张和合作伙伴关系，使他们能够持续增长。交易量和收入的增加不仅仅是运气；而是运气。这是执行良好的战略和对市场需求深入了解的结果。随着 CRV 在 Robinhood 上市，更广泛的美国零售受众可以更多地接触到这个 DEFI 巨头。

Of course, the crypto market is volatile, and past performance is never a guarantee of future success. But Curve Finance's Q3 2025 performance is a strong indicator that they're on the right track.

当然，加密货币市场波动很大，过去的表现永远不能保证未来的成功。但 Curve Finance 2025 年第三季度的业绩有力地表明他们正走在正确的轨道上。

Final Thoughts

最后的想法

So, there you have it! Curve Finance is making moves, and the future looks bright. Keep an eye on this DeFi protocol as it continues to innovate and expand its ecosystem. Who knows, maybe we'll all be trading FX on Curve Finance soon enough!

所以，你就有了！ Curve Finance正在行动，前景一片光明。请密切关注这个 DeFi 协议，因为它不断创新和扩展其生态系统。谁知道呢，也许我们很快就会在 Curve Finance 上进行外汇交易！