@TermMax 's numbers are worth sitting with before anyone forms an opinion on $TMX from a price chart alone. TVL has crossed $100M across 8 chains, and total users who've interacted with the protocol have passed 1.1 million. In March, TermMax ranked second by daily active addresses among every DeFi lending protocol tracked on Token Terminal — not a minor placement in a long list, second overall in the category.
TVL alone doesn't tell you much; plenty of points campaigns inflate it temporarily. DAU ranking that high is harder to manufacture, because it requires wallets actually opening and closing fixed-rate positions week over week, not just capital sitting idle for an airdrop. TermMax also came out of the YZi Labs Residency program in May, which functions as a filter applied before the fact, not a claim the project makes about itself after.
I'd still treat one month's DAU ranking as a snapshot and not a permanent state — DeFi usage rotates fast in both directions, and I don't have a clear read yet on how much of that 1.1M user count is active this month versus cumulative since the protocol's earliest days.
Is anyone tracking whether that active-user number is climbing, holding, or already cooling off since March?
#termmax @TermMax
TVL alone doesn't tell you much; plenty of points campaigns inflate it temporarily. DAU ranking that high is harder to manufacture, because it requires wallets actually opening and closing fixed-rate positions week over week, not just capital sitting idle for an airdrop. TermMax also came out of the YZi Labs Residency program in May, which functions as a filter applied before the fact, not a claim the project makes about itself after.
I'd still treat one month's DAU ranking as a snapshot and not a permanent state — DeFi usage rotates fast in both directions, and I don't have a clear read yet on how much of that 1.1M user count is active this month versus cumulative since the protocol's earliest days.
Is anyone tracking whether that active-user number is climbing, holding, or already cooling off since March?
#termmax @TermMax