Crypto Yield Farming Takes Off: Convex Finance (CVX) Price Skyrockets
9d ago•
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- Convex Finance (CVX) doubled in price within 24 hours, establishing new records for trading volume on major exchanges.
- Analysts capitalized on CVX’s price swings, leveraging high APR incentives.
- The rise underscores growing interest in DeFi platforms, positioning CVX as a player in the market.
Convex Finance’s (CVX) price surged over 100% within the past 24 hours, accompanied by record-breaking trading volumes across major exchanges.
On June 16, crypto analyst Wu Blockchain highlighted that Binance saw CVX/USDT spot trading volume near $32 million, a new daily record for the platform. Simultaneously, Bybit recorded $120 million in CVX USDT perpetual contract trading.
This surge follows a statement by crypto investor CrediBULL Crypto, who detailed their experience with Convex Finance. The investor first purchased CVX in 2021 at a…
The post Crypto Yield Farming Takes Off: Convex Finance (CVX) Price Skyrockets appeared first on Coin Edition.
9d ago•
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bearish:
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