Gate News Bot Message, January 04, According to CoinMarketCap data, at the time of press, CVX (Convex Finance) is trading at $2.43, up 40.79% in the past 24 hours, with a high of $2.62 and a low of $1.55. The 24-hour trading volume reached $97.7 million. The current market capitalization is approximately $240 million, an increase of $6.96 million from yesterday.
Convex is a liquidity staking and yield optimization platform that provides enhanced returns for liquidity providers of protocols such as Curve, Frax, and f(x) Protocol. Users can deposit LP tokens into Convex to earn collective bonus automated rewards. The platform’s total locked value currently stands at $1.11 billion. CVX token holders can lock tokens to participate in governance and vote on the emission directions of the platform and supported protocols. Convex has accumulated 681 million CRV tokens for users and controls 52.94% of veCRV voting power in Curve.
Important recent news about CVX:
1️⃣ Platform Locked Value Maintains Stable Growth
As an important yield optimization tool in the DeFi ecosystem, Convex’s total locked value remains at a high level of $1.11 billion, reflecting ongoing recognition of its ability to aggregate platform yields. The platform’s accumulation of 681 million CRV tokens demonstrates its core position and long-term operational efficiency within the Curve ecosystem.
2️⃣ Further Strengthening of Curve Ecosystem Influence
Controlling 52.94% of veCRV voting power gives Convex an absolute voice in Curve governance, ensuring its dominance in liquidity allocation and reward direction. This strong ecosystem influence provides a solid fundamental support for the CVX token.
3️⃣ Multi-Chain Protocol Support Expands Yield Sources
The platform has integrated multiple mainstream protocols such as Curve, Frax, and f(x) Protocol, offering differentiated enhanced yield schemes for liquidity providers on different chains. The comprehensive multi-protocol layout further enhances Convex’s strategic value as a cross-ecosystem yield aggregation platform.
The 24-hour increase of over 40% reflects the market’s reassessment of the platform’s overall competitiveness and ecosystem position.
This message is not investment advice; please be aware of market volatility risks.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
PEPE Reclaims 0.00000400 — Is This 1.8% Move the Start of a Bigger Run?
PEPE rebounds from 0.00000385 support, forming higher lows and stronger bullish structure.
Technical indicators like MACD and RSI show momentum with room for further upside.
Key resistance at 0.00000410; support at 0.00000380 critical for trend continuation.
PepeCoin — PEPE, has
CryptoNewsLand9m ago
ETH drops 0.58% in 15 minutes: derivatives liquidity contraction and proactive position reduction dominate short-term pullback
From 2026-04-19 04:30 to 2026-04-19 04:45 (UTC), within ETH’s 15-minute candlestick chart, the return recorded -0.58%, and the price range was 2321.62 to 2342.04 USDT, with an amplitude of 0.87%. The short-term selloff occurred against a backdrop of increased overall market volatility and a broad decline in the prices of major crypto assets; overall market risk appetite clearly fell, and traders’ wait-and-see sentiment strengthened.
The main driver behind this abnormal move is a sharp contraction in liquidity in the derivatives market and leveraged funds proactively reducing positions. Data shows that over the past 24 hours, the ETH/USD perpetual contract trading volume dropped 67.16% to approximately 74.87 million, open interest edged down 3.33% to 329 million, and liquidation amounts did not expand unusually. This structure indicates that the market lacks the risk of passive cascades; more funds chose to proactively step aside and wait on the sidelines, intensifying short-term selling pressure.
In addition, the long/short structure in which shorts held the upper hand (long/short ratio 47.48%:52.52%) and sentiment synchronization with the panic range reinforced the downward price trend. During the same period, major coins such as BTC and SOL also fell 2%-3.4% in tandem, further showing that this pullback was driven by system-wide risk sentiment. On-chain funds did not show any large abnormal transfers or large-scale liquidations of DeFi protocols; spot and on-chain liquidity remained generally stable, and no sudden system risk resonance was observed.
Current volatility-related risks still need close monitoring, especially as overall risk appetite continues to contract—ETH’s short-term price may face further downside probing. Watch subsequent changes in derivatives trading volume and open interest, extreme shifts in the long/short ratio and funding rate, and promptly monitor on-chain fund flows, large transfers, and any signs of amplified platform net outflows. For more market anomalies and deeper analysis, please continue to follow our upcoming market updates.
GateNews58m ago
Spark Protocol's January delisting of rsETH proves prudent as Aave faces ETH liquidity crisis
Spark Protocol's strategy of delisting low-usage assets and tightening collateral has faced initial backlash but proved wise during market turmoil. While maintaining higher interest rate caps, SparkLend ensures liquidity, unlike Aave, which now faces significant risks.
GateNews1h ago
Request Network (REQ) Surges 23.68% in 15 Minutes, 24-Hour Gain Reaches 116.52%
Request Network (REQ) surged 23.68% in just 15 minutes, reaching $0.152, with a 24-hour rise of 116.52% and trading volume over $8 million. Factors include retail interest and whale accumulation. Resistance at $0.160 and support at $0.122 are under observation.
GateNews2h ago
Solana Price Stalls Near $80 as ETF Outflows Weigh
Solana trades around $80, facing bearish sentiment due to ETF outflows and declining retail participation. Technical indicators show mixed signals, with resistance at $87 and $98, while support at $77 remains critical for stability.
CryptoFrontNews7h ago
Dogecoin Holds $0.094 as X Cashtags Drive Market Attention
Key Insights
Dogecoin holds above $0.094 despite market weakness as Bitcoin and Ethereum stabilize, reflecting resilience and sustained demand across major cryptocurrencies during the consolidation phase.
X launches smart cashtags enabling real-time crypto and stock tracking, improving marke
CryptoNewsLand10h ago
