I’ve been looking deeper into @TermMax , and the numbers are starting to make the thesis more interesting.
Current TVL is around $31.25M, while Ethereum accounts for about 98.4% of the capital. That concentration is both a strength and a risk: Ethereum provides deep liquidity, but future growth will depend on successful expansion across other networks. TermMax also generated roughly $11.6K in fees over 30 days, with annualized fees near $320K.
My takeaway: the protocol is still small, but the combination of fixed-rate lending, borrowing and leverage gives it a clear niche. If liquidity diversifies beyond Ethereum while fee generation keeps growing, the current scale could be an early stage rather than a limitation.
#termmax @TermMax
Current TVL is around $31.25M, while Ethereum accounts for about 98.4% of the capital. That concentration is both a strength and a risk: Ethereum provides deep liquidity, but future growth will depend on successful expansion across other networks. TermMax also generated roughly $11.6K in fees over 30 days, with annualized fees near $320K.
My takeaway: the protocol is still small, but the combination of fixed-rate lending, borrowing and leverage gives it a clear niche. If liquidity diversifies beyond Ethereum while fee generation keeps growing, the current scale could be an early stage rather than a limitation.
#termmax @TermMax
