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3 reasons why Convex Finance surged 215% in December to hit new all-time high -Breaking

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It has been one the most important developments for 2021, with the steadycoin industry growing within crypto. Stablecoins were integral to expanding Decentralized Finance (DeFi), as their value exceeded $162 Billion, CoinMarketCap reports.

Convex Finance, a protocol that helps users increase CRV stake to maximize returns, has witnessed its token price rise.

CVX/USDT 4-hour chart. TradingView
Convex Finance Total Value Locked Source: Defi Llama