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


One of the biggest developments in 2021 has been the growth of stablecoins within crypto. According to CoinMarketCap, the total market value of stablecoins exceeded $162 billion. This was a significant development for decentralized finance.

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