#termmax @TermMax
$90M+ TVL sounds impressive.
90K+ daily active users sounds even more interesting.
But neither number, by itself, tells us whether TermMax has found product-market fit.
Here's how I'd look at it.
The project reportedly went from roughly $30â40M TVL and ~17K daily users to more than $90M TVL and 90K daily users.
That's not just a bigger balance sheet.
It's a much larger active user footprint.
The interesting part is what happens when the growth environment gets less forgiving.
Do users stay?
Does daily activity remain elevated?
Does TVL hold after the easy inflows disappear?
Those are the numbers I'd care about next.
Because explosive growth gets attention.
Retention is what turns attention into a real protocol.
Right now, TermMax has the first part.
The next data points will tell us whether it has the second. đ
$90M+ TVL sounds impressive.
90K+ daily active users sounds even more interesting.
But neither number, by itself, tells us whether TermMax has found product-market fit.
Here's how I'd look at it.
The project reportedly went from roughly $30â40M TVL and ~17K daily users to more than $90M TVL and 90K daily users.
That's not just a bigger balance sheet.
It's a much larger active user footprint.
The interesting part is what happens when the growth environment gets less forgiving.
Do users stay?
Does daily activity remain elevated?
Does TVL hold after the easy inflows disappear?
Those are the numbers I'd care about next.
Because explosive growth gets attention.
Retention is what turns attention into a real protocol.
Right now, TermMax has the first part.
The next data points will tell us whether it has the second. đ