Curve has hinted at plans to integrate with zkSync 2.0 mainnet.
The integration could help Curve and CRV scale as the price of CRV is falling.
Curve to start on zkSync
As more users turned to Defi and DEXs as a result of the FTX to collapse, Curve Finance and his native language CRV token became one of the winners.
Curve, is an Ethereum based multichain technology. The most recent statement said it would integrate with the zkSync 2.0 mainnet to further enhance its offering.
It was revealed on December 14 that Curve Finance would be one of the protocols to deploy on the zkSync 2.0 mainnet. This implementation would be the first of its kind on the ZK rollup, a revolutionary scaling and privacy mechanism for Ethereum.
Curve’s DAO has pushed Curve to become a top Automated Market Maker (AMM) building hundreds of liquidity pools through its factory.
The plea for integration
ERC-20 token transactions are cheap, fast and liquid thanks to Curve’s proprietary algorithms. The network routinely handles over $100 million in daily volume, making it one of the top DeFi by volume.
Including Curve in zkSync allows more individuals to experience the promise of universal crypto accessibility. As a result, the protocol can take advantage of the speed, scalability and security of the zkSync 2.0 platform and make it available to a wider audience of users in the DeFi environment.
Integration would allow more people to use the ecosystem, which could lead to expansion. The ecosystem’s own currency, CRV, could also benefit from this.
A drop in price and TVL
The asset had seen little price movement recently, according to a daily check at CRV. December 13 saw CRV’s most recent set of profitable price changes.
The asset grew about 6%, bringing the price to about $0.60. However, the price had fallen by more than 4% in the past 48 hours as shown. The Relative Strength Index fell below the 50 line mark, indicating a price drop. The position of the RSI indicated that the asset was bearish.
In addition, a look at Curve’s Total Value Locked (TVL) revealed that it had recently dropped by billions of dollars due to several incidents.
The TVL was $3.73 billion at the time of writing, up from nearly $18 billion earlier this year. Since the protocol may launch on chains included in the zkSync, integrations could accelerate TVL’s growth.
This post Curve Finance was one of the benefactors of FTX’s collapse, here’s how
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