Curve DAO Token (CRV) is the native governance token of Curve Finance, the decentralized exchange designed for the exchange of stablecoins. CRV holders have the right to vote on the future of the protocol and can receive a share of the fees generated from transactions on the platform. Users can earn CRVs by participating in liquidity pools and earn further rewards by referring CRVs to specific pools. Curve Finance is noted for its low slippage rates and large liquidity pools, which allows it to play an important role in the DeFi ecosystem.
CRV, up 11.04% in the last 24 hours and at the time of writing, is among the day's risers. A cryptocurrency whale made a large purchase of the recently devalued altcoin Curve (CRV). According to data, the whale bought 12.5 million CRV worth $3.17 million on July 31 from leading exchanges. After this purchase, the CRV price may have started to rise.
