$CRV Sees 14% Surge as Perpetual Markets Fuel Growth
Curve DAO's [$CRV] price has seen a significant surge over the past 24 hours, exceeding 14% growth amidst a broader crypto market decline. The asset's gains can be attributed to multiple factors, including trader positioning in perpetual markets and increased on-chain activity.
The perpetual market for $CRV has experienced a 29% increase in capital, with an Open Interest of $165.84 million. This influx of long positions has driven the price upwards, supported by a Funding Rate of 0.0096%, indicating a concentration of long traders.
On-chain activity has also contributed to the asset's bullish performance, with Active Addresses reaching 5,053 and transaction count increasing by over 53% in the past day. However, Curve DAO's protocol losses remain a key risk, having recorded a loss of $3.09 million so far in Q3 2025.
These losses are largely due to Curve's incentive program, which paid out more than its gross profit, leaving the protocol at a loss. This has raised concerns among investors about holding the asset long-term and instead opting for short-term gains that could impact its price performance.