#termmax forgot to post about @TermMax bcz I was busy in my $BTW $STAR trade doing DCA in star so I can close my entry in profit back to @TermMax

something about @TermMax's current numbers made me separate protocol scale from protocol economics.

Third-party tracking currently shows roughly $32.06M in TVL and $22.08M in active loans.

But the same dataset records about $16.81K of protocol revenue over the last 30 days and roughly $375.57K cumulatively.

i dont think those numbers are supposed to move together perfectly.

TVL tells me how much value is sitting in the contracts. Active loans tell me about outstanding debt. Revenue measures what the protocol itself actually captures from activity.

three different things.

Thats why a bigger TVL number alone doesnt answer the economic question for me. Capital can enter a protocol without producing the same amount of borrowing, and borrowing activity doesnt necessarily translate one-for-one into captured revenue.

The interesting test is whether those layers develop together over time rather than whether one headline number gets large.

Does growing capital and outstanding debt eventually produce a stronger protocol-level revenue base, or can TermMax scale substantially while value capture remains comparatively thin??

@TermMax

As TermMax scales, what matters most?

$HEMI ready to fly again