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Yield protocol

Convex

Live data · updated every hour

Convex boosts rewards for Curve liquidity providers and CRV stakers without requiring them to lock CRV themselves.

TVL rank#24CategoryYieldChains4SinceMay 2021
All DeFi protocols
Total value locked$616M−0.8% in 24h · +0.1% in 7d
Fees · 24h$90K$2.30M over 30 days
Revenue · 24h$13K$11.08M annualized
Revenue share40%Share of fees kept over 30 days
CVX price$2.23−0.1% in 24h
Market cap$207MFully diluted $223M
Mcap / TVL0.34Token value per $1 locked
Chains498.7% on Ethereum

Convex TVL

Assets deposited in Convex across 4 chains, in US dollars.

Value locked$616M0.64% of all DeFi
Change · 1Y−$577M−48.4% over the period
Period high$1.22BOct 7, 2025
Period low$201MDec 17, 2025
Total value locked Touch the chart for valuesHover the chart for values

Supported chains

Deployed on 4 chains. Ethereum holds 98.7% of deposits.

Fees & revenue

Monthly fees paid by users and the share Convex keeps as revenue. The current month is to date.

Fees · 30d$2.30M$689K in the past 7 days
Revenue · 30d$911K$380K in the past 7 days
Annualized revenue$11.08MPast 30 days, annualized
Price to sales18.6×Market cap ÷ annualized revenue
FeesRevenue Last 12 months

About Convex

What it does, how it earns and what the CVX token is for.

Convex Finance is a DeFi protocol in the yield strategies category. It accepts deposits of Curve liquidity providers' LP tokens, which represent their share in Curve pools, so they earn boosted CRV, meaning extra CRV rewards on top of the usual rewards, and liquidity mining rewards.

People who stake CRV earn trading fees and a share of that boosted CRV. CVX is its governance token, and holders direct how the voting power from locked CRV is used.

CategoryYield
LaunchedMay 2021
Chains4
TVL rank#24 of 32
CVX token$2.23−0.1%
Market cap$207M
Fully diluted value$223M
Circulating supply93.2M CVX
Max supply100M CVX
Mcap / TVL0.34
93.2% of max supply in circulation

Convex FAQ

Short answers to what people ask most.

Deposits are accepted on 4 chains, with the most on Ethereum in 2026.

Part of the fees users pay is kept by the protocol as revenue in 2026.

No, Convex says it increases the rewards earned by people who use Curve and other protocols.

Convex news

Coverage of the protocol, its category and its chain.

All news

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