Convex Finance CVX

CVX has moved -3.41% in the last day, -9.72% over the week, and -9.72% over the past month. The all-time high of $60.09 was set 1612 days ago, leaving CVX at 2.5% of that peak. Reclaiming the record would require a 3,960% advance from here. With both the weekly and monthly trends negative, the path of least resistance remains lower for now.

Volatility & risk

Realised volatility for CVX is currently moderate, with a 7-day annualised reading near 65%. That is roughly middle-of-the-pack for a large-cap crypto asset. Day-to-day ranges are wide by traditional-asset standards but restrained for crypto.

Liquidity & trading depth

Over the last 24 hours roughly $8.07M changed hands, equal to about 6% of the circulating market value turning over in a day. That is thin turnover relative to market cap, so larger trades can move the price meaningfully and spreads may widen in stress. Liquidity health scores 15/100 on our composite, which blends 24-hour volume against market capitalisation.

Correlation with Bitcoin & markets

Over the past week, CVX's hourly returns show a correlation of 0.65 with Bitcoin. That is a moderate link — CVX tends to follow Bitcoin's direction but with a will of its own. Correlation regimes shift, so this figure is a snapshot rather than a constant.

On-chain value & TVL

The DeFi ecosystem built on or powered by Convex Finance currently secures roughly $554.05M in total value locked (TVL) — the dollar value of assets deposited in its protocols. Against a market capitalisation of $133.49M, that gives a market-cap-to-TVL ratio of 0.24. A ratio below 1 means CVX's market value is smaller than the capital its ecosystem secures — a configuration value investors often read as relatively cheap, though it can also signal a token whose price has lagged its on-chain usage. TVL is a useful gauge of real economic usage, but it rises and falls with token prices, so read it alongside the trend in deposits rather than the dollar figure alone.

Our outlook blends three independent lenses. The technical model reads momentum as bearish and frames a near-term band of $1.27 to $1.60. The statistical model, driven by realised volatility, centres near $1.44 with a one-horizon spread of $0.6195 to $2.53. The relative model, anchored to how comparable top-100 assets have performed (median 0.00% over the past week), points to $1.36 to $1.63. Blending the three yields the horizon-by-horizon ensemble in the table below. Model confidence is Medium, reflecting data completeness and liquidity. These are probabilistic scenarios generated from market data — not guarantees, and not financial advice.

Convex Finance has a circulating supply of 90,360,894 CVX. Supply is hard-capped at 100,000,000 tokens, meaning 90.4% already exists and only 9,639,106 remain to be issued. With issuance nearly complete, future dilution is minimal — a structurally disinflationary profile. Fully diluted valuation and circulating market cap can diverge sharply when a large share of tokens is still locked, so both are worth comparing before drawing conclusions about value.

Convex Finance (CVX) is the 234th-ranked cryptocurrency tracked on TBN Express, with live pricing, derived risk metrics and a multi-model outlook refreshed throughout the day. The profile below combines project information with our own quantitative read of how CVX is trading right now.