What is Convex Finance?

Convex Finance (CVX) is a DeFi protocol governance token currently ranked 162nd by market capitalization across all crypto assets we track. DeFi governance tokens grant voting rights over protocol parameters and, in some cases, a share of protocol revenue.

Market position

At the current price of $1.68, Convex Finance carries a market capitalization of $138.15M. Daily trading volume across exchanges sits at roughly $6.65M. That works out to a 24-hour turnover of about 4.82% of the float — consistent with healthy market activity for a mid-to-large cap asset.

Price action across timeframes

Over the past 24 hours, Convex Finance has moved -2.19%; over the past week, Convex Finance has moved -7.85%; over the past 30 days, Convex Finance has moved -6.91%; over the past year, Convex Finance has moved -50.31%. The trend reads as broadly negative across timeframes — short-, mid-, and long-term momentum align downward.

Cycle position

Convex Finance is currently trading far below its all-time high (all-time high of $60.51, -97.2% from peak). Late-stage capitulation territory — the riskiest end of the cycle but historically the highest-reward. From its all-time low of $1.43, current pricing represents a +18% recovery.

Supply & dilution

The circulating supply stands at 99,852,849 CVX. There is no explicit cap on maximum supply — issuance follows a programmatic schedule defined in the protocol.

Volatility profile

Recent price action puts Convex Finance in the Moderate-volatility bucket. The asset shows the kind of price movement common in mid-cap crypto assets — meaningful but not unusual. Over the past 30 days, the 30-day move totals -6.91%, which traders should weigh against position sizing and stop-loss placement.

How to evaluate Convex Finance

A balanced read on CVX typically considers three lenses:

  • Network & on-chain activity — does usage justify the valuation? Live activity (above) should ideally trend up over time.
  • Cycle position — current price relative to ATH (above) sets the risk/reward asymmetry. Closer to ATL is mathematically lower downside; closer to ATH is higher downside.
  • Comparable assets — how is CVX performing against the broader crypto market (BTC, total market cap) and against peers in the same sector? The benchmarks chart on this page shows this directly.

This page combines live market data, on-chain stats where available, exchange-by-exchange volume, and our forecast model so you can answer those three questions in one place. Nothing on this page is investment advice — it's a structured starting point for your own due diligence.