@TermMax
$34M or $90M ... which TVL number for TermMax do you actually trust?
I went digging after their TGE announcement claimed TVL past $90M, deployment across 10 EVM chains, 1.5M+ registered wallets, and 90K+ daily actives. Big numbers, repeated everywhere, checked by almost no one. So I pulled up DefiLlama instead. Tracked TVL sits closer to $34M, spread across 8 chains rather than 10, and Ethereum alone holds roughly 94.5% of that total. On the broader lending-protocol leaderboard, that puts TermMax around #36.
My honest read: this probably isn't a lie, just two different ways of counting. Self-reported wallets and daily actives measure engagement; a TVL tracker only counts capital that's actually sitting on-chain. But the "10-chain, multi-chain fixed-rate protocol" pitch lands differently once you see 94.5% of real value parked on one chain. That's not multi-chain traction, that's one strong market carrying a long tail of nearly empty deployments.
Whatever TermMax is building on those other chains barely shows up in the numbers yet and that's the part I'd want answered before taking the "multi-chain" framing at face value. #TermMax stats get shared constantly without anyone checking the source behind them.
So which moves first: does TVL actually spread across those other 9 chains, or does Ethereum just keep absorbing everything no matter where TermMax deploys next?🤔..
$34M or $90M ... which TVL number for TermMax do you actually trust?
I went digging after their TGE announcement claimed TVL past $90M, deployment across 10 EVM chains, 1.5M+ registered wallets, and 90K+ daily actives. Big numbers, repeated everywhere, checked by almost no one. So I pulled up DefiLlama instead. Tracked TVL sits closer to $34M, spread across 8 chains rather than 10, and Ethereum alone holds roughly 94.5% of that total. On the broader lending-protocol leaderboard, that puts TermMax around #36.
My honest read: this probably isn't a lie, just two different ways of counting. Self-reported wallets and daily actives measure engagement; a TVL tracker only counts capital that's actually sitting on-chain. But the "10-chain, multi-chain fixed-rate protocol" pitch lands differently once you see 94.5% of real value parked on one chain. That's not multi-chain traction, that's one strong market carrying a long tail of nearly empty deployments.
Whatever TermMax is building on those other chains barely shows up in the numbers yet and that's the part I'd want answered before taking the "multi-chain" framing at face value. #TermMax stats get shared constantly without anyone checking the source behind them.
So which moves first: does TVL actually spread across those other 9 chains, or does Ethereum just keep absorbing everything no matter where TermMax deploys next?🤔..