RootData: Convex Finance token (CVX) has increased by 38.99% in the last 24 hours.

news and RootData data, the Convex Finance token (CVX) has increased by 38.99% in the last 24 hours, currently priced at $3.88.

Additionally, the Web3 asset data platform RootData shows that Convex Finance is a DeFi protocol that allows Curve liquidity providers to earn a portion of transaction fees on Curve without having to stake liquidity on Curve. At the same time, liquidity providers can invest using Convex Finance and receive higher CRV and liquidity mining rewards. This provides better capital efficiency for CRV stakers and positions Convex Finance as an important player in the Curve wars.