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Convex Finance price, market cap on Coin360 heatmap

Convex Finance(CVX)

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$5.0374
(-0.89%)
0.00008100 BTC
Market Cap (Rank#160)
$473,001,214
7,606 BTC
Vol 24h
$5,271,231
84.7591 BTC
Circulating Supply
93,897,038.77
Max Supply
100,000,000
155 days agocryptodaily
Bullish On Play-To-Earn Coin Shiba Budz? Here's Why Algorand And Convex Will Get Left Behind
Shiba Budz (BUDZ)) is a unique play-to-earn coin that offers a smart and simple approach to the crypto market. Unlike Algorand (ALGO) and Convex (CVX), Shiba Budz (BUDZ) stands out as a promising player in the competitive crypto landscape, offering a smarter and simpler approach to the play-to-earn model.
304 days agocryptodaily
Thorchain (RUNE) Performance Abysmal, Convex (CVX) Impressive in 2023 As Sparklo (SPRK) Presale Excites Investors
The crypto market was generally bad for most coins in 2022, but some recovered impressively in 2023. Unfortunately, Thorchain (RUNE) is not one of those projects. It has continued to perform badly despite the lessening bearish crypto sentiment. Convex (CVX), on the other hand, is on the back of an impressive recovery in 2023. Convex (CVX)'s price had dropped sharply in the second half of 2022, but it managed to bounce back in 2023, albeit slowly. Perhaps the best news is the upcoming launch of Sparklo (SPRK) an alternative investments platform that caters to precious metals. Thorchain (RUNE) Records 50% Losses in Year-on-Year Performance Thorchain (RUNE) was one of the crypto tokens that felt significant damage from the market crashes of 2022. it was trading at $7.6 in the final days of March 2022. More than a week later, Thorchain (RUNE) had lost 50% value thanks to a sudden market collapse caused by Terra's crash. Since then, Thorchain (RUNE) has been unable to maintain any strong rally to help it recover some of its lost value. Towards the end of the year, it had dropped to around $1.2. The only positive side for Thorchain (RUNE) is that its price has been far more stable in 2023. While Thorchain (RUNE) has not broken over the $1 mark in the past few months, it has also not broken below, which is a good sign. >>>> BUY SPARKLO TOKENS <<< Convex (CVX) Finance Continues Impressive 2023 Rally in the Past Three Months Convex (CVX) Finance has remained largely stable over the past three months, which is good for Convex (CVX) because the price has been rallying in 2023, and maintaining stability is a sign of good things to come. Convex (CVX) was trading for as low as $3 by the start of 2023. It rallied to $6.4 by mid-February. Since then, the price has hovered between $5 - $6, especially in the last two months. Despite the slow performance of the market, Convex (CVX) is showing a strong rally coupled with some stability. It will be easier for Convex (CVX) to lock in price gains as the market becomes more bullish. Another reason for Convex (CVX)'s performance, especially in the past two months, could be its recently launched staking mechanism updates. Sparklo (SPRK) Presale Entices Investors Towards Precious Metals Since investors are looking for assets to protect their wealth, Sparklo is the perfect addition to the crypto market at this moment. Sparklo offers its users a simple, easy way to invest in precious metals. The platform is the world's first blockchain dedicated to trading in precious metals like gold, silver, and platinum. Sparklo reimagines the way people invest in precious metals and revolutionizes it by adding fractionalized NFTs, which represent a person's portfolio. Investors with whole NFTs are allowed to take physical possession of their assets. Sparklo will handle all deliveries to any preferred location. Sparklo is only in its presale, yet has caused so much excitement. It is expected to increase in price from $0.015 to $0.017 by the end of April. Like many others, we believe that Sparklo will be one of the best-performing assets in 2023. Buying now might be best because Sparklo is handing out 30 extra tokens as a bonus. To find out more about the Sparklo presale: Website: https://sparklo.finance Presale: https://invest.sparklo.finance Twitter: https://twitter.com/sparklo_finance Telegram: https://t.me/sparklofinance Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

About Convex Finance?

The live price of Convex Finance (CVX) today is 5.0374 USD, and with the current circulating supply of Convex Finance at 93,897,038.77 CVX, its market capitalization stands at 473,001,214 USD. In the last 24 hours CVX price has moved ? USD or 0.00% while ? USD worth of CVX has been traded on various exchanges. The current valuation of CVX puts it at #160 in cryptocurrency rankings based on market capitalization.

Learn more about the Convex Finance blockchain network and how it works or follow the price of its native cryptocurrency CVX and the broader market with our unique COIN360 cryptocurrency heatmap.

Introduction

Convex Finance (CVX) is a decentralized finance (DeFi) protocol designed to optimize the yield farming process on the Curve Finance platform. It offers a unique solution for liquidity providers, allowing them to earn trading fees and claim boosted CRV rewards without locking up their tokens for long periods. CVX is the native token of the Convex Finance platform, playing a crucial role in its governance and reward distribution.

Technology & Mechanism

Consensus Mechanism

Convex Finance operates on the Ethereum blockchain, utilizing its Proof-of-Stake (PoS) consensus mechanism. This ensures the security and integrity of transactions on the platform.

Blockchain Technology

As a DeFi protocol, Convex Finance leverages Ethereum's smart contract technology to automate the yield farming process and distribute rewards to liquidity providers.

Key Features

Scalability

Convex Finance is built on the Ethereum network, benefiting from its scalability features. It can handle a large number of transactions, making it suitable for widespread adoption.

Security

Convex Finance prioritizes security, with smart contracts audited by reputable firms to ensure the safety of user funds.

Privacy

While transactions on Convex Finance are transparent due to the nature of blockchain, user identities remain private, ensuring a degree of anonymity.

Decentralization

Convex Finance is a fully decentralized platform, with CVX token holders having a say in the platform's governance and future development.

Development Team & Governance

The Convex Finance project is spearheaded by a team of experienced developers in the DeFi space. The platform operates on a decentralized governance model, with CVX token holders voting on proposals.

Use Cases & Potential Impact

Convex Finance is primarily used for yield farming on the Curve Finance platform. It simplifies the process and increases the potential returns for liquidity providers. This could potentially disrupt the DeFi yield farming landscape by providing a more efficient and profitable solution.

Purchase & Storage

How to Buy

CVX tokens can be purchased on various cryptocurrency exchanges, including Uniswap and SushiSwap. Users can trade their existing cryptocurrencies for CVX tokens on these platforms.

Wallets & Storage

As an ERC-20 token, CVX can be stored in any wallet that supports Ethereum-based tokens, such as MetaMask or Ledger.

Partnerships & Collaborations

Convex Finance has collaborated with several other DeFi projects to enhance its platform and offer more value to its users. These partnerships have helped Convex Finance establish itself as a leading player in the DeFi space.

Roadmap

The Convex Finance team has a clear roadmap for the future, with plans to introduce more features and enhancements to the platform. This includes expanding the range of supported assets and improving the user interface.

Risks & Challenges

Like all DeFi projects, Convex Finance faces potential risks and challenges, including smart contract vulnerabilities and regulatory uncertainties. However, the team is committed to addressing these issues and ensuring the platform's long-term success.

Community & Regulatory Compliance

Community

Convex Finance has a vibrant and active community of users and developers, contributing to the platform's growth and development.

Regulatory Compliance

As a decentralized platform, Convex Finance operates in a regulatory grey area. However, the team is committed to complying with all relevant regulations and ensuring the platform's legality.

In conclusion, Convex Finance is a promising DeFi project that offers a unique solution for yield farming on the Curve Finance platform. With its innovative features and strong community support, it has the potential to make a significant impact in the DeFi space.

Convex Finance Price5.0374 USD
Market Rank#160
Market Cap473,001,214 USD
24h Volume5,271,231 USD
Circulating Supply93,897,038.77 CVX
Max Supply100,000,000 CVX
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