Curve Volume Halves to $425 Million as 3pool's USDT Tilt Eases

Curve's daily trading volume fell nearly 50% to $425 million on Oct. 30 UTC, while its Ethereum $DAI/$USDC/$USDT pool became less concentrated in $USDT.

DefiLlama's daily series puts turnover at $424.96 million, down from $847.44 million on Oct. 29. Activity nevertheless remained 335% above the preceding seven-day median of $97.69 million, according to The Defiant's calculation using Oct. 23–29 UTC totals.

For liquidity providers in the three-stablecoin pool, known as 3pool, the day brought a partial reversal of the shift toward $USDT reported a day earlier. $USDT holdings declined as $DAI and $USDC holdings rose, reducing providers' concentration in $USDT without eliminating it.

Curve's pool-level series shows 3pool handled $82.14 million on Oct. 30 UTC, compared with $343.36 million the previous day.

Snapshots just before the day began and near its close show $USDT balances falling from 121.15 million to 112.93 million tokens. $DAI rose from 20.61 million to 24.25 million, and $USDC increased from 20.10 million to 24.56 million.

3pool's $USDT Concentration Eases

Source: Curve. Snapshots 13 seconds before the day began and 73 seconds before it ended. Balances are token quantities, not trading volume.

$USDT's share of the pool's nominal token balances fell from 74.8% to 69.8%, The Defiant calculated. These snapshots describe the pool's composition, not traders' motives or evidence that any stablecoin lost its dollar peg.

Curve's chain-level dataset reports $420.72 million in trading volume for the same UTC day, close to DefiLlama's total. The readings are not independent: DefiLlama's adapter draws on Curve's API. Curve records liquidity-related volume separately from trading turnover.

Ethereum accounted for $414.40 million of Curve's reported trading volume that day; Base followed with $2.67 million.