#termmax The fixed-rate lending track is booming, and TermMax has become an infrastructure layer that can’t be ignored.
Last week, Morpho released its Midnight whitepaper and officially entered the fixed-rate lending market. From Compound to Aave and then to Morpho—DeFi lending has been around for nearly a decade, with interest rates staying in a floating model that’s “passively discovered” by utilization. And now, even a floating-rate giant like Morpho has started betting on fixed rates—the turning point for the sector has arrived.
In this wave, TermMax has already moved early. As a fixed-rate lending protocol incubated by YZi Labs (formerly Binance Labs), @TermMax has been deployed on 10 EVM chains including Ethereum, BNB Chain, Arbitrum, and Base. It has over $90 million in TVL, more than 1.5 million registered wallets, and over 90,000 daily active users. In March 2026, TermMax even ranked #2 on Token Terminal’s daily active lending protocol addresses list, second only to Aave.
Even more noteworthy is that TermMax has integrated Ondo Global Markets’ tokenized stocks as compliant collateral. Users can use 100+ tokenized US stocks/ETFs such as Apple and Tesla as collateral to obtain fixed-rate liquidity. This is the first time in DeFi that a combination of RWA tokenized stocks and fixed-rate lending has been realized.
On August 25, TMX’s TGE is coming soon. With the triple narratives of fixed-rate + RWA + TGE layered together, TermMax is evolving from an early mover in DeFi fixed-rate lending into the true definer of the category.
#TermMax
Last week, Morpho released its Midnight whitepaper and officially entered the fixed-rate lending market. From Compound to Aave and then to Morpho—DeFi lending has been around for nearly a decade, with interest rates staying in a floating model that’s “passively discovered” by utilization. And now, even a floating-rate giant like Morpho has started betting on fixed rates—the turning point for the sector has arrived.
In this wave, TermMax has already moved early. As a fixed-rate lending protocol incubated by YZi Labs (formerly Binance Labs), @TermMax has been deployed on 10 EVM chains including Ethereum, BNB Chain, Arbitrum, and Base. It has over $90 million in TVL, more than 1.5 million registered wallets, and over 90,000 daily active users. In March 2026, TermMax even ranked #2 on Token Terminal’s daily active lending protocol addresses list, second only to Aave.
Even more noteworthy is that TermMax has integrated Ondo Global Markets’ tokenized stocks as compliant collateral. Users can use 100+ tokenized US stocks/ETFs such as Apple and Tesla as collateral to obtain fixed-rate liquidity. This is the first time in DeFi that a combination of RWA tokenized stocks and fixed-rate lending has been realized.
On August 25, TMX’s TGE is coming soon. With the triple narratives of fixed-rate + RWA + TGE layered together, TermMax is evolving from an early mover in DeFi fixed-rate lending into the true definer of the category.
#TermMax