According to PANews, decentralized lending protocol and exchange Curve Finance reported a record trading volume of nearly $35 billion in the first quarter of 2025. This marks an increase of over 13% compared to the first quarter of 2024. The surge in trading volume is attributed to a significant rise in the number of transactions, which grew from approximately 1.8 million in the first quarter of 2024 to about 5.5 million in the same period of 2025. This robust growth occurred despite an overall decline in the cryptocurrency market. Data from CoinGecko indicates that the total market capitalization of cryptocurrencies has fallen by more than 20% since the beginning of the year, as of March 31.