Key Highlights
- CRV jumps over 10% as its price reaches $0.3865, with trading volume hitting about $214.76 million.
- Futures activity surges, with futures volume rising 163% to $523.19 million and open interest increasing 5.22% to $150.04 million.
- Curve network activity grows, with 5,053 active addresses and transactions rising more than 53%, despite the protocol’s $3.09 million Q3 2025 loss.
Curve DAO’s CRV token jumped more than 10% on Tuesday, standing out while the broader crypto market capitalization fell to around $2.86 trillion in overall valuation.
According to data from CoinGecko as of 7:34 p.m. UTC on September 29, CRV is trading for $0.3865 after climbing from an intraday low around $0.3470. The token reached nearly $0.42 before pulling back. Still, this surge has pushed its market capitalization to approximately $604.44 million in value with its 24 hour trading volume reaching around $214.76 million within just the last 24 hours.
Traders increase their long positions
The rise has been supported by stronger activity in perpetual markets where traders can bet on whether an asset will rise or fall without owning the token directly.
According to data from Coinglass, CRV’s Funding Rate is currently at 0.0081% as of 7:34 p.m. UTC on September 29. A positive Funding Rate usually means there are more traders holding long positions, meaning they are betting that the token will continue to rise.
These traders pay funding fees to keep their positions open and help balance the futures market with the spot market.
At the same time, more money has also started flowing into derivatives markets. Data from Coinglass shows that its futures volume rose 163% to around $523.19 million. Its open interests, which tracks the amount of money tied to active futures positions, also increased by 5.22% to around $150.04 million in value.
But the story does not stop with futures trading. Activity on Curve’s network has also picked up.
Curve network activity picks up
According to data from DeFiLlama as of 7:34 p.m. UTC on September 29, the number of active addresses reached 5,053 over the past day .Active addresses give an idea of how many different wallets are using or interacting with the network.
Transactions have also increased. Curve recorded 35,091 transactions during the period, an increase of more than 53%.
However, while more transactions or active users do not automatically mean that a token will keep climbing, the numbers show that activity around Curve has become stronger during the recent move.
Protocol losses remain a key concern
Curve DAO is a decentralized finance protocol built to support trading and liquidity in the crypto market. Its CRV token is traded across both regular spot markets and derivatives markets, making trader positioning an important part of its price movements.
Still, the protocol reportedly recorded a $3.09 million loss in Q3 2025. A major reason was its incentive program, which paid out $7.04 million during the quarter. Those payments were higher than the protocol’s gross profit, leaving Curve with a loss.
That financial pressure could make some investors more cautious about holding CRV for the long term. Instead, some traders may focus on the token’s short-term price movements, which could make the asset more sensitive to changes in market activity.
CRV stays above key moving averages
CRV is also trading above several moving-average levels. According to the daily chart on TradingView as of 7:34 p.m. UTC on September 29, the token is above the 20-day moving average at $0.3646 and the 50-day moving average at $0.35435. It is also above the 200-day moving average at $0.33608.
For now, CRV’s story is being driven by a clear increase in trader interest and network activity. More money has entered its perpetual market, more traders are betting on higher prices, and activity on the network has picked up.
But behind that strong move is a protocol still dealing with losses, giving the latest CRV rally another side that the market will be watching.
