Liquidity providers deposit funds into Curve and receive trading fees from traders (supply-side fees).

Curve is a non-custodial exchange protocol built originally on Ethereum. Curve was founded by Michael Egorov and launched in 2020.

CRV tokenholders own and govern the protocol. They currently take a cut of the total trading fees paid by traders (revenue). 

governance

github

twitter

discord

etherscan

website

Exchanges (DEX)

Curve

# Curve Maximum token supply Methodology

## 1. Overview

The Curve maximum token supply metric represents the theoretical maximum number of CRV tokens that can ever exist according to the protocol's tokenomics design. This is a static value defined by the Curve protocol's economic model and governance structure, representing the upper bound on token issuance. The metric answers the business question: "What is the total supply cap for CRV tokens as defined by the protocol's tokenomics?"

## 2. Data sources

This metric is derived from protocol specifications rather than blockchain transaction data:
- **Protocol documentation**: Official Curve protocol tokenomics specifications that define the maximum supply parameters
- **Governance documentation**: Protocol governance decisions and proposals that establish token supply limits
- **Token contract specifications**: Smart contract parameters that enforce maximum supply constraints
- **Whitepaper specifications**: Original protocol design documents outlining the token economic model

## 3. Step-by-step calculation

### Component A: Protocol constant definition
- **Purpose**: Define the maximum token supply as specified by Curve's tokenomics design
- **Logic**: The calculation uses hardcoded protocol constants rather than deriving values from blockchain data. The maximum supply is set to 3,303,030,299 CRV tokens, representing the theoretical upper limit defined in the protocol's economic model. The launch date is established as August 13, 2020, marking when the token supply parameters became effective.
- **Key fields**: The `token_supply_maximum` field contains the hardcoded value, `timestamp` marks the effective date, and `timestamp_grain` specifies daily reporting frequency

### Final aggregation
- **Combining components**: No aggregation is required as this is a single static value
- **Currency conversion**: Not applicable - this metric represents token quantity, not value
- **Time aggregation**: The value is made available across all time periods using forward-fill logic, meaning the same maximum supply value applies from the launch date forward
- **Final calculation**: The final metric value is exactly 3,303,030,299 CRV tokens, representing the protocol-defined maximum supply that remains constant over time

The methodology standardizes this static value into a time series format suitable for reporting and analysis, ensuring the maximum supply parameter is available for comparison with circulating supply and other token metrics across different time periods.

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Maximum number of tokens that can exist under the current token economics.

CurveCRV

Maximum token supply

Maximum token supply

Competitive landscape