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Simply put, Convex Finance is a DeFi protocol that has been built atop Curve, a stablecoin-centric trading ecosystem. At its core, Convex is designed to help provide Curve liquidity providers and CRV stakers with a range of handsome DeFi yields in a seamless fashion. As per the official project whitepaperwhitepaperusers who keep supplying CRV tokens to the ecosystem can continue to accrue increasing interest rates. As a result of using such an aggressive incentive driven framework, Covex FInance has continued to muster more and more mainstream support in recent years. Not only that, its highly simplistic user interface has made it possible for even crypto novices to seamlessly make use of the platform and thus enter the fast maturing DeFi ecosystem.
Convex Finance (CVX) is the 89th largest cryptocurrency in the world by market cap, valued at $639,785,786. The current price of Convex Finance is $10.36, which is -6.100% lower than yesterday. Prices have ranged between $11.21 and $9.96 over the past 24 hours. All prices are listed in US dollars and accurate as of May 19, 2022 07:05 UTC.
| Coin symbol | CVX |
|---|---|
| Coin Marketcap | US$639,785,786 |
| Total CVX supply | 90,226,683 |
| Circulating CVX | 61,756,090 |
| Current price | US$10.36 |
| All time high | US$60.09 |
| All time high date | January 01, 2022 |
Historical prices compared with the price of US$10.36.
| 1 hour | -0.24% |
|---|---|
| 24 hours | -6.10% |
| 7 days | -25.31% |
| 14 days | -59.25% |
| 30 days | -63.18% |
|---|---|
| 60 days | -47.33% |
| 200 days | -64.07% |
| 1 year | 14.81% |
![How much longer can Shiba Inu [SHIB] hold on to its 8-month support level](https://images.cryptocompare.com/news/default/ambcrypto.png)
Disclaimer: Cryptocurrencies, including Convex Finance, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of CVX is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Convex Finance or any other cryptocurrency discussed.
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