Evaluate how Curve Finance [CRV] performed last month

info from IntoTheBlockThe blockchain analytics platform, revealed that CRV, the initial token for the leading decentralized exchange, Curve Finance, has enjoyed a significant vote buildup over the past month.

According to IntoTheBlock, polling addresses with between 100,000 and 1 million CRVs have added approximately 10.2 million CRV tokens to their wallets. In the past four days alone, this class of whales has added four million CRV tokens to its portfolio.

Their holdings are up 13% over the past 30 days. For titles between 10,000 and 100,000, they increased their holdings by 9% over the same period.

Source: IntoTheBlock

With this growth in whale accumulation over the past 30 days, has there been any impact on the price of the token?

CRV said no

According to data from CoinMarketCap, CRV is trading at $1.15 at the time of writing. Under the influence of the downturn that has hit the general market over the past month, the price of CRV has fallen by 14% over that period.

The drop followed a 41% price growth during the token’s four-week price hike in July.

Source: CoinMarketCap

In the last 24 hours, the price of CRV has increased by 6%. The daily Relative Strength Index (RSI) stabilized at 48 after failing to hold the neutral 50 support level in mid-August.

The token’s Money Flow Index (MFI) is set to the upside at 66. Hence, this indicates a gradual build-up of token buying pressure.

A look at the Moving Average Convergence Divergence (MACD) position confirmed this. A bullish crossover occurred on August 31, increasing the possibility of a north breakout in the near term.

Source: TradingView

Curve Finance in the last month

According to the information received from sand dune analytics, the monthly trading volume on Curve Finance has fallen consistently since May. Ended August with a trading volume of 5.8 billion USD; Trading volume on DEX has fallen by more than 75% in just three months.

Source: Dune Analytics

Moreover, according to information from Token station, daily revenue on the network has been steadily declining since May. Over the past 180 days, daily earnings on the network have decreased by 57%, over the past 90 days by 59%, and over the past 30 days by 2%.

Curve Finance’s daily income as of August 31 is $27,000.

Source: Token Terminal

Recording $1,113,327,789 in sales over the past seven days, Curve Finance ranks second on the DEX with the most volume after Uniswap.

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