One thing I keep noticing about @TermMax x is that the multi-chain numbers look bigger than where the actual liquidity is concentrated.
TermMax is now live across 9 chains, but Ethereum still holds roughly 95% of the protocol’s TVL.
That tells me something important.
Multi-chain expansion is easy to notice on the surface. The harder part is getting meaningful capital to actually move with you.
Right now, most of the capital is still sitting where liquidity, users and established DeFi activity are already strongest.
Another number caught my attention: TermMax is showing around $32M TVL and more than $16K in fees over the last 30 days, according to DefiLlama.
For me, the interesting question isn’t how many chains TermMax can deploy on.
It’s whether the newer chains can eventually attract enough real liquidity to change that distribution.
That’s the part I’ll be watching.
@TermMax #TermMax #termmax
TermMax is now live across 9 chains, but Ethereum still holds roughly 95% of the protocol’s TVL.
That tells me something important.
Multi-chain expansion is easy to notice on the surface. The harder part is getting meaningful capital to actually move with you.
Right now, most of the capital is still sitting where liquidity, users and established DeFi activity are already strongest.
Another number caught my attention: TermMax is showing around $32M TVL and more than $16K in fees over the last 30 days, according to DefiLlama.
For me, the interesting question isn’t how many chains TermMax can deploy on.
It’s whether the newer chains can eventually attract enough real liquidity to change that distribution.
That’s the part I’ll be watching.
@TermMax #TermMax #termmax
