Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Is This Under-the-Radar Crypto a Buy?

TheMotleyFool

0 0

Curve is a platform that enables efficient stablecoin trading with a total value locked (TVL) of $15.76 billion. That makes it the biggest decentralized finance protocol globally, with a market share of 7.56%. What's more, Curve Tokens (CRYPTO: CRV), which are built on the Ethereum blockchain, have returned a stunning 418% over the past year.

But despite its popularity, CRV's market cap-to-TVL ratio stands at a meager 0.07, which is pretty cheap considering most decentralized exchange (DEX) tokens are at 0.50 or over 1.00 in terms of the ratio. So what makes CRV so undervalued?

Image source: Getty Images.

Source Fool.com

Like: 0

CRV

Share