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

> 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.

## Agent research brief

- What this coin is: Convex Finance (CVX), a DeFi token of $110.3M at market-cap rank 247. On-chain activity is sourced from protocol.
- What the tape says: -7.6% versus Bitcoin over 90 days; below its 200-day average. DeFi as a theme is -1.4% against Bitcoin over 13 weeks.
- What the evidence supports: 44.8/100 inside DeFi on 91% evidence (82% of it native activity). Cheap on network economics while activity contracts: investigate value-capture trap risk.
- What is missing: There is no valuation band for any coin on this site: historical market capitalisation is not held, so no PE-style range can be built. Convex Finance does publish network fees, protocol revenue, total value locked.

Theme: DeFi (/mla/crypto/sector/defi). Price 2026-07-31; market-cap snapshot 2026-07-04.

## Price, returns and risk

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.

- Price: $1.26
- Market cap: $110.3M (rank 247)
- Returns: 7d -0.6%; 30d +12%; 90d -28%; 180d -27%; 1y -70%
- RS versus Bitcoin, 90d: -7.6%
- 30-day volatility: 73% annualised; deepest 90-day fall 46%
- 200-day average: $1.67, trading below it

## Protocol economics

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 fees: trailing four quarters $23.6M; change -27%; covered 20/20 quarters
- Protocol revenue: trailing four quarters $23.1M; change -24%; covered 20/20 quarters
- Total value locked: latest quarter $463.6M; change -56%; covered 20/20 quarters

## Research score

Convex Finance: 44.8/100 — Lagging · market gate closed; 14.9 + 8.2 + 13.5 + 8.2 = 44.8; evidence 91%; native evidence 82%; rank 18 of 31 rated DeFi coins
Decision use: Cheap on network economics while activity contracts: investigate value-capture trap risk.
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 band exists for any coin on this site: historical market capitalisation is not held, so no company-style valuation range can be built.

## DeFi scorecard

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.

- 1. JUST (JST): score 72.6; evidence 50%; Tape-led · on-chain proof incomplete
- 2. Chainflip (FLIP): score 63.7; evidence 55%; Illiquid · research only
- 3. Sun Token (SUN): score 61.8; evidence 55%; Tape-led · on-chain proof incomplete
- 4. USD.AI (CHIP): score 54.5; evidence 33%; Illiquid · research only
- 5. IBS (IBS): score 54.3; evidence 50%; Illiquid · research only
- 6. Bonfida (FIDA): score 54.2; evidence 50%; Tape-led · on-chain proof incomplete
- 7. Ethena (ENA): score 54.1; evidence 50%; Tape-led · on-chain proof incomplete
- 8. SoSoValue (SOSO): score 52.5; evidence 50%; Illiquid · research only
- 9. Numeraire (NMR): score 52.4; evidence 55%; Tape-led · on-chain proof incomplete
- 10. BIM (BIM): score 50.9; evidence 50%; Illiquid · research only
- 11. yearn.finance (YFI): score 49.6; evidence 50%; Illiquid · research only
- 12. Anvil (ANVL): score 48.3; evidence 55%; Illiquid · research only
- 13. Lombard (BARD): score 47.5; evidence 12%; Illiquid · research only
- 14. HOME (HOME): score 47.2; evidence 12%; Illiquid · research only
- 15. Fluid (FLUID): score 46.5; evidence 50%; Illiquid · research only
- 16. Triple Plus (TPT): score 46.2; evidence 50%; Illiquid · research only
- 17. Stargate Finance (STG): score 45.8; evidence 12%; Illiquid · research only
- 18. Convex Finance (CVX) [this coin]: score 44.8; evidence 91%; Lagging · market gate closed
- 19. Bounce (AUCTION): score 44.5; evidence 55%; Tape-led · on-chain proof incomplete
- 20. Terra Luna Classic (LUNC): score 41.5; evidence 55%; Tape-led · on-chain proof incomplete
- 21. Orbs (ORBS): score 41.1; evidence 50%; Illiquid · research only
- 22. DeXe (DEXE): score 40; evidence 50%; Tape-led · on-chain proof incomplete
- 23. Renzo (REZ): score 39.3; evidence 71%; Tape-led · on-chain proof incomplete
- 24. Fogo (FOGO): score 39.3; evidence 43%; Illiquid · research only
- 25. Yield Basis (YB): score 39.1; evidence 50%; Illiquid · research only
- 26. Sei (SEI): score 37.1; evidence 81%; Lagging · market gate closed
- 27. Liquity (LQTY): score 36.8; evidence 50%; Illiquid · research only
- 28. Spell (SPELL): score 34.8; evidence 50%; Illiquid · research only
- 29. Altura Vault Tokens (AVLT): score 32.8; evidence 43%; Illiquid · research only
- 30. Berachain (BERA): score 32.4; evidence 65%; Tape-led · on-chain proof incomplete
- 31. AI Powered Finance (AIPF): score 32.2; evidence 43%; Illiquid · research only

## Limitations

- 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.

## FAQs

### 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.