#termmax @TermMax Most DeFi users look at one number first: TVL.
But TVL alone does not show the full picture.
I checked the current TermMax metrics and one thing stands out:
• TVL: ~$31.26M
• Active loans: ~$27.22M
• Loan / TVL ratio: ~87%
• Main liquidity source: Ethereum (~98%)
The interesting part is not only how much capital is deposited, but how efficiently that capital is being used.
An ~87% loan-to-TVL ratio suggests that a significant part of the liquidity is actively connected to borrowing activity.
In many cases, utilization metrics can reveal more than TVL alone.
A DeFi protocol should not only attract capital. It should create efficient capital utilization.
The next important data point will be whether usage continues to grow after TGE.
But TVL alone does not show the full picture.
I checked the current TermMax metrics and one thing stands out:
• TVL: ~$31.26M
• Active loans: ~$27.22M
• Loan / TVL ratio: ~87%
• Main liquidity source: Ethereum (~98%)
The interesting part is not only how much capital is deposited, but how efficiently that capital is being used.
An ~87% loan-to-TVL ratio suggests that a significant part of the liquidity is actively connected to borrowing activity.
In many cases, utilization metrics can reveal more than TVL alone.
A DeFi protocol should not only attract capital. It should create efficient capital utilization.
The next important data point will be whether usage continues to grow after TGE.