Financial Performance - Curve 协议每日收入达 50 万美元，价格为 0.438 美元，上次达到此收入水平时价格为 6 美元以上 [1] - Curve 协议年收入为 1.5 亿美元，市值为 6.26 亿美元 [1] Stablecoin Market - Crvusd 的供应量达到 5 亿的历史新高，成为以太坊交易量第三大的稳定币，仅次于 USDC 和 USDT [1] Protocol Upgrade - Fusaka 升级将在 6 天后解锁，gas 限制将提高 3 倍 [1] Investment Implication - 每一次基于收益的 BTC 购买都需要 crvusd [1] - 估值差距不会持续太久 [1]

Supply Dynamics - CRV exchange outflows are 20 times the daily emissions [1] - 154 million tokens have left exchanges [1] - 19 million tokens were minted during the same period [1] Inflation & Token Lockup - Inflation is expected to drop below 5% next month [1] - 420 million tokens are locked for an average of 3.75 years [1] Potential Impact - A supply shock may occur when the Yieldbassis launch requires CRVUSD for all transactions [1]