Convex Finance Price

Convex Finance (CVX) is a DeFi cryptocurrency that powers the Convex Finance ecosystem, which operates primarily on the Ethereum blockchain. Currently ranked #171 with a price of $5.97, CVX has seen a +1.77% change in the last 24 hours. CVX serves as the governance token for the Convex platform, which optimizes yields for Curve Finance liquidity providers. Token holders receive a share of platform fees and can participate in governance decisions affecting the protocol. With a market cap of $489.56M and 24-hour trading volume of $5.14M, CVX has established itself as a significant player in the yield aggregator space. The token has a circulating supply of 81.99M CVX out of a total supply of 99.91M CVX. CVX tokens are minted proportionally for each CRV token claimed on the Convex platform, creating an interconnected ecosystem that rewards liquidity providers and stakeholders within the DeFi landscape.

Convex Finance (CVX) was created in May 2021. It was launched on the Ethereum platform as a DeFi protocol focused on boosting rewards for Curve Finance liquidity providers. Since its inception, Convex Finance has established itself as a significant player in the yield aggregator space within the Ethereum ecosystem. As of 2025-07-27, it has a market cap of $489.56M and is ranked #171 among all cryptocurrencies.

Convex Finance was founded by a team led by Charlie Noyes and Fred Ehrsam. Charlie Noyes is an investor and co-founder of Paradigm, a blockchain investment firm, while Fred Ehrsam is a well-known figure in the cryptocurrency space who co-founded Paradigm. The project launched in May 2021 as a yield optimizer platform built on top of Curve Finance, designed to boost rewards for liquidity providers. The founding team created Convex Finance with the vision of simplifying and maximizing DeFi yields while maintaining a fair distribution model for the CVX token.

Convex Finance works as a DeFi protocol that optimizes yield farming on Curve Finance. Users stake their Curve LP tokens on Convex Finance to earn enhanced rewards in both CRV and CVX tokens. The platform automatically converts and compounds rewards, eliminating manual claiming and re-staking. CVX token holders can lock their tokens to receive voting rights in the protocol's governance and earn a share of platform fees. The longer users lock their CVX, the more voting power they receive. Currently ranked #171 with a price of $5.97, Convex Finance has seen a +1.77% change in the last 24 hours. Convex Finance operates on the Ethereum blockchain and has expanded to the Solana ecosystem. With a market cap of $489.56M and 24-hour trading volume of $5.14M, Convex Finance continues to be a popular yield optimization solution in the DeFi space.

Convex Finance operates on a dual-blockchain architecture, primarily built on Ethereum with an ERC-20 token implementation (contract address: 0x4e3fbd56cd56c3e72c1403e103b45db9da5b9d2b) and also available on the Solana blockchain (address: BLvmrccP4g1B6SpiVvmQrLUDya1nZ4B2D1nm9jzKF7sz). The token functions within a yield optimization protocol that leverages Curve Finance's liquidity pools. Technically, Convex Finance uses a staking mechanism where users deposit Curve LP tokens to earn boosted CRV rewards without locking their assets. The architecture includes smart contracts for token distribution, reward claiming, and fee sharing. CVX tokens are minted proportionally to CRV tokens claimed on the platform, with a total supply cap of approximately 100 million tokens. The protocol also features a governance component where CVX holders can participate in decision-making regarding platform parameters and treasury management. The system's architecture prioritizes capital efficiency while maintaining security through audited smart contracts.

Convex Finance has a promising future with a comprehensive roadmap focused on enhancing its DeFi ecosystem. As a leading yield aggregator on Ethereum, Convex Finance plans to expand its protocol integrations, improve governance mechanisms, and optimize yield strategies by 2025-2026. Key upcoming developments include: • Enhanced cross-chain functionality beyond Ethereum and Solana • Improved tokenomics to increase CVX utility • New partnership initiatives with major DeFi protocols • Advanced security features and audits With Convex Finance's current market cap of $489.56M and growing TVL ratio, analysts project significant growth potential. The team aims to increase protocol revenue streams and boost CVX staking rewards, potentially driving $5.97 appreciation. The roadmap also includes UI/UX improvements to attract more users to the platform's yield optimization services.