Curve Q3 revenue doubles to $7.3M, $29B quarterly volume; revenue redistributed to veCRV holders, crvUSD and new pools gain traction

Curve Finance posted Q3 2025 revenue of $7.3M (up from $3.9M in Q2), fully redistributed to veCRV holders. Quarterly trading volume was $29B and DEX volume reached $11B in October. TVL rose from $2.1B to $2.3B. crvUSD shows steady usage (daily volume ≈ $124M, market cap $278M). Curve is preparing a Yield Basis integration and expanding across Plasma and Etherlink. A PYUSD/USDS pool reached >$90M TVL via a Spark partnership. CRV was listed on Robinhood and traded around $0.48, up ~18% over the past week.
AI Analysis
Revenue doubled to $7.3M QoQ and was fully redistributed to veCRV holders; on-chain activity is sizable with $29B quarterly volume and $11B DEX volume in October. TVL increased to $2.3B and crvUSD shows consistent daily volume (~$124M). A PYUSD/USDS pool exceeding $90M TVL and a Robinhood listing coincide with CRV trading near $0.48 (+~18% weekly). These concrete on-chain metrics and a retail listing support a mildly bullish view and could influence short-term trading, but do not imply extreme market-moving effect.