In the cryptocurrency sector, Curve Protocol recently implemented a halving measure that successfully reduced the actual inflation rate. This strategy not only effectively controlled inflation pressure but also, with the end of the founders' unlock period, further reduced potential sources of inflation. Notably, after these adjustments, protocol-side revenue first surpassed the unlock output, marking an important milestone that suggests Curve may be entering a phase of positive cash flow and achieving a more robust financial situation. Currently, according to trading volume rankings, the top pools on Curve involve LST/LRD related to USDe and ETH, and it is expected that assets from the BTC ecosystem will be introduced in the future. This indicates that Curve has a unique advantage in providing liquidity services, especially in the integration of multi-chain asset liquidity. It is worth noting that Curve's revenue composition is changing; the income contribution from Lending (such as Crvusd) has already exceeded traditional Swap transactions, reflecting Curve's deep development in financial derivatives and lending markets, which further enhances its competitiveness and profitability in the cryptocurrency sector.