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Convex Finance CVX

Convex Finance Price (CVX)
$2.69
0.59% Buy CVX Now

0.0007 ETH

0.0000391 BTC

Buy CVX Now
Low: $2.60
High: $2.76
24h
Market Cap
$257,640,603
0.59%
Fully Diluted Market Cap
$269,106,321
0.59%
Volume
24h
$5,434,984
26.14%
Volume / Market Cap
0.0211
Circulating Supply
95,776,207 CVX
95.78%
Max Supply
100,000,000
Total Supply
99,594,287

Convex Finance (CVX) Social Signals & Traffic Tracker

X Stats
Visit Twitter

Followers

0.01%

Joined at Mar 06, 2021

Following

98

0.00%

Tweet count

501

0.20%

Convex Finance reddit
Reddit Stats

Subscribers

-

Subreddit type

-

Moderators

-

Currently, official Convex Finance (CVX) Reddit Stats account doesn’t exist or wasn’t submitted. 🔆

Convex Finance telegram
Telegram Stats
Visit Telegram

Members

0.20%

Title

Convex Finance - Chat

Convex Finance traffic
Website Traffic
Visit Website

Website Rating (DR)

62 / 100

0.00%

Ahrefs Rank

247,589

2.66%

Organic Traffic (mo.)

1,957

3.93%

Convex Finance github
GitHub Organization
Visit GitHub

Public repos

Created at Mar 03, 2021

Type

Personal

Convex Finance github
GitHub Public Repository
Visit GitHub

Stars

0.00%

Watchers

13

0.00%

Forks

90

0.00%

Language

JavaScript

These are the project's quantitative metrics of its Organizational GitHub Public account that can be used to trace regular or artificial development activity & growth within the project.

These are the project's quantitative metrics of its official GitHub Public Repositories that can be used to trace regular or artificial development activity, growth & popularity of the project.

These are the project's quantitative metrics of its official Telegram account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project's quantitative metrics of its official X account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project's quantitative metrics of its official Reddit account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project website's metrics based on Ahrefs Rank. They're used to trace website activity & growth within the project. DR (Domain Rating) metric is a sign of the project's website reputability that is ranked from 0 to 100 (the higher the rank, the better reputability). Organic Traffic - is a metric of how many monthly users visit the project's website via search engines. All these metrics are used for determining active or passive projects despite the artificial hype.

Followers: 54,813

Members: 1,519


Live CVX Price Analysis

The current real time Convex Finance price is $2.69, and its trading volume is $5,434,984 in the last 24 hours. CVX price has grew by 0.59% in the last day, and increased by 11.80% in the last 7 days. It’s important to note that current Convex Finance market capitalization is $257,640,603, and the maximum supply is 100,000,000 CVX coins. Talking about circulating supply, CVX has 95,776,207 coins. Currently, Convex Finance rank on the market is #212.

Convex Finance price today is 95.71% below all time high, and it is 270.77% above all time low.

All data and prices are updated in real-time. The most active and popular exchanges for buying or selling CVX are Binance, Kucoin & Kraken. Find more crypto exchange options on our Crypto Exchange Tracker. The most secure hardware wallets for keeping your cryptocurrency safe are Ledger and Trezor.

What is Convex Finance (CVX)?

CVX is the native token of the Convex Finance platform. Convex Finance is a decentralized protocol that runs on the Curve Finance (CRV) blockchain and enhances the services and rewards provided to Curve’s stakeholders and liquidity providers (LPs).

Using CVX tokens, Curve Finance liquidity providers can earn increased rewards on their staked assets. Its goal is to help LPs accumulate as many CRV tokens as possible to maximize their earning potential. You can see the Convex price performance and what market trends it follows in the chart above.

What is the Story Behind Convex Finance?

Unlike Curve Finance, the developers of Convex Finance have remained anonymous. The goal was to leverage the staking system employed by the Curve Finance protocol to maximize the rewards that stakeholders and liquidity providers can earn.

Curve Finance is a decentralized exchange that focuses on trading stablecoins – crypto assets that have their value pegged to another asset, such as the US Dollar or the Euro. It allows users to earn additional rewards by staking their assets and grants them veCRV, or vote-escrowed CRV tokens in return.

Convex Finance officially launched in May 2021. At the time of its release, the CVX price was around $6. The token has been volatile from there onwards, with its value generally following similar trends as the CRV token.

Given the limited token supply and the high chances of earning on top of staked assets, many protocols, including Convex Finance, were developed to maximize the profits of liquidity providers.

A significant peak was reached on January 1st, 2021, when the CVX price exceeded $50 for the first time and even reached $62.69. A year after its official launch, in May 2022, the asset was on a decline, although its value was recorded at over $12, doubling that which was logged at launch. Soon after, Convex was affected by the crypto market crash, declining to $4 in June.

Since its launch, CVX experienced one significant protocol incident. In March 2022, a bug was detected in one of the smart contracts that it uses. The vote-locking smart contract had to be redeployed on the network. This led to the Convex Finance price briefly dropping, although it recovered by the end of the month.

What Are the Features of Convex Finance?

The Convex Finance crypto asset supply has a hard cap of 100 million. Therefore, the asset is deflationary and the CVX price is expected to rise as it becomes increasingly rarer. It’s considered to be a volatile asset and experiences frequent fluctuations.

As stated in the documentation, half of the overall CVX supply is allocated as rewards for the liquidity providers on the network, while a quarter is set aside for liquidity mining. Nearly 10% each is dedicated to the Treasure and the development team. A little more than 3% is allocated to the investors, and 2% goes towards veCRV holders.

Although the protocol was built on Curve Finance with the particular purpose of leveraging the platform’s rewards, the Convex Finance price is not pegged to the value of CRV in any way. With each CRV staked, a new cvxCRV token is minted using a 1:1 ratio.

Convex Finance helps users maximize their yields by optimizing boosting on Curve Finance. Liquidity providers receive the veCRV token for their contributions. By staking via Convex, the rewards are sizeably boosted. The aim is to increase the total value locked (TVL) as much as possible.

There are four types of rewards that stakeholders and liquidity providers can earn by using Convex Finance – the interest rate proportional to the liquidity that a user provides, part of the distributed trading fees, the booster provided by Convex, and the Convex Finance tokens themselves.

Using the Convex Finance coin, liquidity providers can be eligible to earn trading fees. Additionally, they can receive the boosted CRV. To simplify the process, liquidity providers are not required to lock CRV in a smart contract to start earning the boosted rewards.

Convex Finance offers its users zero deposit and withdrawal fees, making the service more cost-effective. Users are not required to lock CRV tokens, and their assets can be redeemed at any chosen time.

CVX assets can also serve as governance tokens for the protocol. Token holders are eligible to vote on proposals such as protocol changes and updates. In turn, the CRV tokens that they earn or exchange can be used for the Curve DAO governance.

Although the Convex Finance crypto protocol is only applicable to staking on Curve Finance, the team plans to expand on other platforms, such as Frax Finance. However, it has not been established whether the protocol would be blockchain-agnostic.

What's Convex Finance trading volume in the last 24 hours?

CVX has a trading volume of $5,434,984 in the last 24 hours.

What's Convex Finance highest price ever?

CVX has a highest price of $62.69, which was reached on Jan 01, 2022 (2 years 4 months ago).

What's Convex Finance lowest price ever?

CVX has a lowest price of $0.7255, which was reached on Dec 11, 2022 (1 year 5 months ago).

What are the best exchanges for buying and selling CVX?

Currently, the most active and dominating exchanges for buying and selling Convex Finance are Binance, Kraken & Kucoin. The most popular Convex Finance trading pairs are CVX/USDT (on Binance ), CVX/WETH (on Curve Finance ), CVX/USDT (on Huobi Global ). Head to the Crypto Deal Directory to access custom & exclusive discounts, vouchers and welcome bonuses from the most popular exchanges.

What are the safest hardware wallets for keeping CVX?

According to an in-depth review process and testing, Ledger and Trezor are one of the safest and most popular hardware wallet options for keeping Convex Finance. For exclusive discounts and promotions on best crypto wallets, visit Crypto Deal Directory.

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Current market Price of a specific cryptocurrency.

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The cryptocurrency's market Price changes in percent within the last 24 hours (1 day).

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The highest historical cryptocurrency value.

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The lowest historical cryptocurrency value.

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Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

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Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

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FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

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FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

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It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

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It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

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The current cryptocurrency Market Capitalization Dominance among all other cryptocurrencies in the market.

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The ratio of Volume and Market Capitalization values.

The ratio of Volume and Market Capitalization values.

Publicly circulating amount of specific cryptocurrency coins/tokens that were mined or issued to date, and are not locked/staked (are available to be traded publicly).

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Verified Data

Convex Finance project's Circulating Supply has been verified and is equal to:

Circulating Supply

95,776,207 CVX

The absolute theoretical maximum number of coins/tokens that is coded and will ever exist in the cryptocurrency's lifetime. Similar to stock market's Fully Diluted Shares.

Note: Max Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

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The quantity of all coins/tokens that have ever been issued (even if the coins are locked), minus all coins/tokens that have been removed from circulation (burned). The Total Supply is similar to stock market's Outstanding Shares.

Total Supply = All Issued Coins - Burned Coins.

Note: Total Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

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