Linking TermMax’s key milestones from the beginning of this year to now, you can see a pretty clear growth trajectory.
At the beginning of the year, RWA tokenized US stock-collateralized loans went live. It caught the traffic tailwind of the RWA narrative at the time, drawing in the first wave of attention.
In March, it partnered with Morpho to route idle funds in the Vault into Morpho to capture floating returns, and at the same time pushed TVL to the second-highest position among lending protocols back then.
By late May, the V2 version launched, followed by a round of mechanism iterations. Then in the Phase 4 campaign in July, the deposit limit for 20 million RLUSD was filled within a single day—indicating that the incentive strength and user participation enthusiasm at the time were both quite high.
What this path tells me is that TermMax isn’t just building TVL by stacking up one-time airdrop expectations. Instead, every one or two months, there’s a new narrative or campaign that keeps the momentum going to attract new users—RWA, the Morpho partnership, the V2 iteration, the Phase 4 deposit surge. Connecting these nodes, there’s continuity.
Now, with the scale reaching 90 million TVL, 1.5 million registered wallets, and 90,000 daily active users, the key thing I’ll be watching next is whether it can borrow Binance’s larger channel to take another step up.
@TermMax #TermMax
At the beginning of the year, RWA tokenized US stock-collateralized loans went live. It caught the traffic tailwind of the RWA narrative at the time, drawing in the first wave of attention.
In March, it partnered with Morpho to route idle funds in the Vault into Morpho to capture floating returns, and at the same time pushed TVL to the second-highest position among lending protocols back then.
By late May, the V2 version launched, followed by a round of mechanism iterations. Then in the Phase 4 campaign in July, the deposit limit for 20 million RLUSD was filled within a single day—indicating that the incentive strength and user participation enthusiasm at the time were both quite high.
What this path tells me is that TermMax isn’t just building TVL by stacking up one-time airdrop expectations. Instead, every one or two months, there’s a new narrative or campaign that keeps the momentum going to attract new users—RWA, the Morpho partnership, the V2 iteration, the Phase 4 deposit surge. Connecting these nodes, there’s continuity.
Now, with the scale reaching 90 million TVL, 1.5 million registered wallets, and 90,000 daily active users, the key thing I’ll be watching next is whether it can borrow Binance’s larger channel to take another step up.
@TermMax #TermMax
