Convex Finance vs 
Curve DAO
Convex exists because of Curve. Curve rewards users who lock CRV for long periods with boosted yields and governance weight; Convex pools everyone's CRV, does the locking collectively, and shares the boost — so users get most of the benefit without a multi-year lock. It is one of DeFi's clearest examples of a protocol built entirely on top of another protocol's incentive design, and its fortunes are tied to it.
12 months, both starting at 100 (AUD)
CVX → 44 · CRV → 37| Measure | CVX | CRV |
|---|---|---|
| Market cap | A$0.3B | A$0.7B |
| Rank | #199 | #108 |
| Price | A$2.74 | A$0.4612 |
| 90-day change (AUD) | +66.0% | +63.5% |
| 12-month change (AUD) | −47.3% | −56.5% |
| From all-time high | −96.7% | −97.9% |
| Supply model | Capped: 100.0M max | Capped: 3.03B max |
| AU exchanges we verify it on | 3 | 3 |
About Convex Finance
About Curve DAO
Curve is the veteran DEX for stablecoin and like-for-like swaps, whose vote-locked CRV tokenomics spawned DeFi's "Curve wars". Still core plumbing for stable liquidity.
FAQ
Which is bigger, Convex Finance or Curve DAO?
By market value today: Curve DAO (A$0.7B vs A$0.3B). Size measures money invested, not quality — but it does measure liquidity, which affects how easily you can buy and sell.
Which performed better this year?
Over the past 12 months in AUD terms: CVX −47.3%, CRV −56.5% — the chart above shows the whole path, which matters more than the endpoints. Past performance is no indicator of future results, in either direction.
Can I buy both in Australia?
Yes — both are listed on AUSTRAC-registered exchanges we verify. CVX appears on 3 of our reviewed platforms and CRV on 3. Compare costs first on the fee calculator, and remember every crypto-to-crypto swap between them is a CGT event.
Should I hold CVX or CRV?
That's a personal decision we don't make for you — this page exists to make the structural differences clear so the choice is yours. What we'd say to anyone: understand what job each coin is designed for, size positions like the risk is real, and check the honest failure statistics before going further down the market-cap list.
Data from our market records (powered by CoinGecko), refreshed with the daily rebuild. General information only, not financial advice — we compare structure and history, we don't pick winners.