TermMax’s biggest test isn’t TGE. It’s what happens after TGE.
I’ve been looking at the borrowing side more closely, and that’s where the interesting question starts.
TermMax has already reached $49.18M TVL, with $55.56M including borrowed value, 17K daily active users and 100+ markets across its supported chains. Those are meaningful numbers.
But token launches can distort attention.
$TMX launches August 25. That can bring traders, liquidity, XP hunters and plenty of short-term activity. None of that automatically means people will keep opening fixed-rate borrowing positions once the launch excitement cools down.
For me, the better metric after TGE is much simpler:
Are borrowers still willing to lock in a rate?
That matters because fixed-rate borrowing has a different kind of friction. A user has to actually need predictable financing badly enough to choose it over whatever variable-rate alternative is available at the time.
If borrowing volume keeps growing after August 25, that tells me the token is sitting on top of real product demand.
If activity spikes around TGE and then fades, the token may have created attention without creating much additional borrowing demand.
I’d rather watch borrower volume, active debt and repeat usage for the weeks after launch than judge TermMax from the first few days of $TMX trading.
That’s probably where the real signal starts...
#termmax @TermMax $DEXE
I’ve been looking at the borrowing side more closely, and that’s where the interesting question starts.
TermMax has already reached $49.18M TVL, with $55.56M including borrowed value, 17K daily active users and 100+ markets across its supported chains. Those are meaningful numbers.
But token launches can distort attention.
$TMX launches August 25. That can bring traders, liquidity, XP hunters and plenty of short-term activity. None of that automatically means people will keep opening fixed-rate borrowing positions once the launch excitement cools down.
For me, the better metric after TGE is much simpler:
Are borrowers still willing to lock in a rate?
That matters because fixed-rate borrowing has a different kind of friction. A user has to actually need predictable financing badly enough to choose it over whatever variable-rate alternative is available at the time.
If borrowing volume keeps growing after August 25, that tells me the token is sitting on top of real product demand.
If activity spikes around TGE and then fades, the token may have created attention without creating much additional borrowing demand.
I’d rather watch borrower volume, active debt and repeat usage for the weeks after launch than judge TermMax from the first few days of $TMX trading.
That’s probably where the real signal starts...
#termmax @TermMax $DEXE