Curve's CRV extends its recovery run with a 20% daily jump
Curve DAO Token CRV surges 20.5% in 24 hours to near $0.32, driven by strong trading volumes and Curve Finance's H1 report confirming Llamalend V2 live on Ethereum with a planned protocol fee increase.
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CRV climbs on heavy volume as weeks-long recovery builds
Curve DAO Token ($CRV) is trading near $0.32, up 20.5% over the past 24 hours and 33.7% on the week, with trading volume tripling to $261.5 million. The move adds further momentum to a weeks-long recovery that has tracked a broader market-wide rally. Coinbase data puts the latest CRV price at $0.3158, reflecting roughly a 20% rise compared to where the token stood 24 hours prior.
CRV had fallen from a high of $1.33 in late 2024, sliding through 2025 and into Q1 2026, where it bottomed near $0.18. The current rally marks a meaningful rebound from those lows, though the token remains well below its prior peaks.
Llamalend V2 on Ethereum and a fee-share proposal fuel optimism
The price move comes on the heels of @CurveFinance's H1 report, which confirmed that Llamalend V2 is now live on Ethereum with fees accruing directly to the DAO. The report also flagged a coming governance proposal to lift the DAO's protocol fee share from 10% to 30%, a change that could materially improve token economics for CRV holders.
Curve Finance completed a security audit of Llamalend V2 conducted by ChainSecurity before the system's initial deployment on Optimism, with contracts subsequently deployed on the Ethereum mainnet on August 13.
Llamalend V2 introduces several notable upgrades, including support for LP tokens and Principal Tokens as collateral, and the ability to create lending markets using assets beyond crvUSD, the protocol's native stablecoin. Non-crvUSD markets are able to carry an admin fee that flows to the Curve DAO, giving Llamalend a clearer role in Curve's long-term economics.
For the broader DeFi lending space, the upgrades position Curve as a fuller financial stack: a DEX, a stablecoin, and a lending layer all working together, placing it in more direct competition with protocols such as Aave.
Sources:
Curve Finance Completes Llamalend V2 Audit, Expands Cross-Chain Lending – CryptoNews
Introducing Llamalend v2 – Curve Finance
Curve DAO Token (CRV) Price – Coinbase
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Crypto RichRich has been researching cryptocurrency and blockchain technology for eight years and has served as a senior analyst at BSCN since its founding in 2020. He focuses on fundamental analysis of early-stage crypto projects and tokens and has published in-depth research reports on over 200 emerging protocols. Rich also writes about broader technology and scientific trends and maintains active involvement in the crypto community through X/Twitter Spaces, and leading industry events.