Sector Alpha Week of 2026-07-31
DeFi · five-year weekly price · BTC-relative

Convex Finance (CVX) Crypto Price & Market Cap

Convex Finance (CVX) — price, market cap and strength versus Bitcoin

Bottom line

Convex Finance trades at $1.26 with a market capitalisation of $110.3M (rank 247). Over 90 days it is -7.6% against Bitcoin and sits below its 200-day average. DeFi as a theme is -1.4% against Bitcoin over 13 weeks. Price readings run through 2026-07-31.

Price
$1.26
as of 2026-07-31
Market cap
$110.3M
snapshot 2026-07-04
RS vs Bitcoin · 90d
-7.6%
as of 2026-07-31
30-day median volume
$5.1M
as of 2026-07-31
01 · the tape, against its benchmark

How has Convex Finance moved against Bitcoin?

Convex Finance is -69.8% over one year, -27.7% over 90 days and +11.8% over 30 days. Annualised 30-day volatility is 73%. Its deepest fall from a high inside the last 90 days is 46%. It trades below its 200-day average, which is falling.

-461884226568902021-08-132022-08-122023-08-112024-08-022025-08-012026-07-31
CVX · rebasedBitcoinDeFi · equal weight

All three lines rebased to 100 at the first week each has data. Bitcoin is the opportunity-cost benchmark for crypto risk; the theme line is its equal-weight index of current rated members.

02 · returns, volatility and drawdown

What do Convex Finance's returns and risk look like?

7 days-0.6%
30 days+12%
90 days-28%
180 days-27%
1 year-70%
30-day volatility73% annualised
Deepest 90-day fall46%
200-day average$1.67 · below · falling
50-day average$1.24
03 · what the protocol actually earns

Does Convex Finance generate fees or revenue?

Convex Finance publishes 3 of the six network-economics series this site tracks: network fees, protocol revenue, total value locked. Network fees over the last four complete quarters is $23.6M. Network activity is evidence about the protocol, not earnings owed to the token. Readings run to the Q2 2026 quarter.

Network fees20/20 quarters
TTM$23.6M-27%
Protocol revenue20/20 quarters
TTM$23.1M-24%
Total value locked20/20 quarters
Latest$463.6M-56%
-3,470,66519,040,67641,552,01764,063,35786,574,698Q3 2021Q3 2022Q3 2023Q2 2024Q2 2025Q2 2026
Network fees
-1,188,12412,951,84227,091,80841,231,77355,371,739Q3 2021Q3 2022Q3 2023Q2 2024Q2 2025Q2 2026
Protocol revenue
-1,034,407,4194,396,034,2689,826,475,95515,256,917,64220,687,359,329Q3 2021Q3 2022Q3 2023Q2 2024Q2 2025Q2 2026
Total value locked

Complete calendar quarters only. A blank quarter is unavailable, not zero. Network activity is evidence about the protocol, not earnings owed to the token.

04 · exact additive research priority

What does the evidence say about Convex Finance?

Convex Finance scores 44.8 out of 100 inside DeFi, ranked 18 of 31 rated coins on 91% evidence. The four displayed point contributions add exactly to the total; missing evidence pulls only the affected factor toward neutral and lowers its stated coverage. It ranks research attention within one theme, never portfolio action, and it is not comparable across themes.

Convex Finance · CVX

44.8/100 · Lagging · market gate closed · 91% evidence · rank 18 of 31 rated DeFi coins

Exact sum: 14.9 + 8.2 + 13.5 + 8.2 = 44.8

Decision use: Cheap on network economics while activity contracts: investigate value-capture trap risk.

14.9/35Market leadership

RS-BTC -7.6 pp · RS-sector 17.8 pp · 200-DMA below

100% evidence

8.2/30Network & economic traction

Fees -27% · revenue -24.1% · users —

70% evidence

13.5/20Value capture

Fee yield 21.44% · revenue yield 20.94%

100% evidence

8.2/15Liquidity & downside risk

30d median volume $5,089,962 · vol 72.8%

100% evidence

This weakens if: The read weakens if 90-day RS versus BTC falls below zero with two weekly closes below the 200-DMA, or native activity contracts for two complete calendar quarters.

No valuation section exists on this page, for any coin. There is no company-style P/E or PEG for a token, and historical market capitalisation is not held at all — only a dated current snapshot — so no ten-year valuation band can be built honestly. Where a protocol publishes fees or revenue, the yield against that dated snapshot is shown above instead.

05 · the theme it competes in

How does Convex Finance compare with other DeFi coins?

Convex Finance is one of 46 DeFi coins here, 31 of which carry enough evidence to be rated and ranked. Convex Finance ranks 18 of those 31 on 91% evidence. The table below is the theme's own scorecard, in its own order, with this coin marked.

RankCoinScoreEvidenceReadMarket capRS vs BTC
1JUST JST72.650%Tape-led · on-chain proof incomplete$769.5M+43%
2Chainflip FLIP63.755%Illiquid · research only$24.9M+76%
3Sun Token SUN61.855%Tape-led · on-chain proof incomplete$327.1M+16%
4USD.AI CHIP54.533%Illiquid · research only$65.6M
5IBS IBS54.350%Illiquid · research only$26.5M+14%
6Bonfida FIDA54.250%Tape-led · on-chain proof incomplete$22.3M+17%
7Ethena ENA54.150%Tape-led · on-chain proof incomplete$728.0M-1.6%
8SoSoValue SOSO52.550%Illiquid · research only$99.3M+0.3%
9Numeraire NMR52.455%Tape-led · on-chain proof incomplete$67.3M+14%
10BIM BIM50.950%Illiquid · research only$34.1M+1.1%
11yearn.finance YFI49.650%Illiquid · research only$65.6M-4.3%
12Anvil ANVL48.355%Illiquid · research only$34.6M+5.2%
13Lombard BARD47.512%Illiquid · research only$45.0M
14HOME HOME47.212%Illiquid · research only$65.1M
15Fluid FLUID46.550%Illiquid · research only$74.2M-7.4%
16Triple Plus TPT46.250%Illiquid · research only$61.8M-1.3%
17Stargate Finance STG45.812%Illiquid · research only$21.9M
18Convex Finance CVX this coin44.891%Lagging · market gate closed$110.3M-7.6%
19Bounce AUCTION44.555%Tape-led · on-chain proof incomplete$25.0M-18%
20Terra Luna Classic LUNC41.555%Tape-led · on-chain proof incomplete$352.5M-26%
Showing 20 of 31 coins

The DeFi scorecard in its own order, with this coin marked. Scores are within-theme and are not comparable with coins in another theme. See the full DeFi page.

Methodology · boundaries make the answer useful

What can make this page misleading?

This page names 5 ways its own evidence about Convex Finance can mislead, all listed below. The largest is that crypto network activity is not company earnings: protocol revenue does not automatically accrue to token holders. Price runs through 2026-07-31; market capitalisation is a separate snapshot dated 2026-07-04.

  • Crypto network activity is not company earnings. Protocol revenue does not automatically accrue to token holders.
  • Market capitalisation is a dated snapshot, not a point-in-time historical supply series, so yields computed against it inherit that lag.
  • No valuation band exists for any coin: historical market capitalisation is not held at all.
  • Funding rates, open interest, liquidations, exchange flows, unlock schedules and developer activity are not held and are not inferred.
  • The research score is relative to this coin's own theme only. It is not comparable across themes and is not an entry signal.
Price and technicalsThrough 2026-07-31, from exchange closes; moving averages are computed, never scraped.
Protocol activityThrough 2026-07-31, for the series this token publishes.
Market capSnapshot dated 2026-07-04; no historical supply series is implied.
Decision useResearch priority within one theme. Not entry, exit, sizing or leverage instructions.
Questions the page should answer directly

Crypto analysis FAQs

These 7 answers cover the questions this page can settle from data it holds — what the category is, how the score is built, what the coverage gaps are, and what would change the read. Every answer below is also present in the page’s FAQ schema and in its plain-text rendition. None of them is a recommendation.

What is Convex Finance (CVX)?

Convex Finance is a DeFi cryptocurrency tracked here by price, market capitalisation and strength against Bitcoin, with on-chain activity from protocol. It is one of 46 DeFi coins on this site. Readings are as of 2026-07-31.

What is the market cap of Convex Finance?

Convex Finance's market capitalisation is $110.3M, ranking it 247 in the top-1,000 crypto universe. That figure is a dated snapshot from 2026-07-04, refreshed separately from the daily price series, so it can lag the price shown above.

Is Convex Finance beating Bitcoin?

Convex Finance is -7.6% against Bitcoin over 90 days, and its own theme, DeFi, is -1.4% over 13 weeks. It trades below its 200-day average as of 2026-07-31.

Does Convex Finance have a P/E ratio?

No. There is no company-style P/E or PEG for a crypto token, and no valuation band is shown on this page because the data to build one honestly does not exist: historical market capitalisation is not held, only a current snapshot. Where a protocol publishes fees or revenue, this page shows the yield against that dated snapshot instead.

What is Convex Finance's research score?

44.8/100 within DeFi, ranked 18 of 31 rated DeFi coins, on 91% evidence: 14.9 + 8.2 + 13.5 + 8.2 = 44.8. It is labelled “Lagging · market gate closed”. The score ranks research attention inside one theme, never portfolio action.

How much Convex Finance history does this page show?

Five years of weekly closes where they exist, plus 20 complete calendar quarters of on-chain activity for the metrics Convex Finance actually publishes. Here that is network fees, protocol revenue, total value locked.

Does Convex Finance generate network fees?

Convex Finance's trailing twelve-month network fees is $23.6M, down 27% on the year-earlier period. Network activity is not token-holder earnings: whether it accrues to the token depends on the protocol's own burn, buyback and distribution rules.

Chat with this pageChat with pageChatChatGPTClaudePerplexityGoogle AI