Curve Dao Token Soars

Curve Dao is gaining in a crypto market where the biggest and most popular tokens are falling with the global market cap. The Curve Dao token is associated with the decentralized exchange for stablecoins, and it has been gaining significantly for the last 90 days. Currently, the token is up over 13% in the past 24 hours, trading at well over $6. Meanwhile, Curve Dao is bucking prevailing trends as Bitcoin, Ethereum and Dogecoin continue to fall. As part of the Curve Dao platform, liquidity providers are rewarded with yet more CRV tokens. This has set off a war of sorts that has seen various protocols bribing CRV holders with native tokens. This has helped Convex emerge as a powerful alternative to Curve, especially because Convex is now the single largest owner of Curve Tokens, giving it the governing power to determine where rewards will go. Additionally, Frax Finance has chosen to hoard Convex tokens in an effort to gain value without investing in Curve. At press time, Curve Dao was trading at $6.50, dipping just over a percent.