Convex Finance Token (CVX) Up 23.88% in 24 Hours

Convex Finance Token (CVX) has gained 23.88% in 24 hours and is now trading at $2.54, according to data.

According to RootData, a Web3 asset data platform, Convex Finance is a DeFi protocol that allows Curve liquidity providers to earn a portion of the transaction fees on the Curve without having to pledge liquidity on the Curve. At the same time, liquidity providers can use Convex Finance to invest and earn higher CRV and liquidity mining rewards. This provides better capital efficiency for CRV pledgers and positions Convex Finance as a key player in the Curve war.