@TermMax says it’s running 100+ markets across 9 chains, including Berachain, Arbitrum, and BSquared.
But the capital distribution tells a more interesting story.
According to the figures shared here, $31.22M in TVL is heavily concentrated on Ethereum, with 98.4% sitting there. Multichain deployment shows the protocol’s reach, while the liquidity shows where users are actually putting capital.
That makes sense when deeper liquidity and established players are already concentrated on Ethereum.
Another detail worth watching: roughly $20K in fees over the last 30 days reportedly went directly to protocol revenue, without token emissions being used to inflate the numbers.
And TMX itself still isn’t trading, so the current yield activity is coming from users already participating in the vaults—not token speculation.
The interesting question isn’t whether TermMax is everywhere.
It’s whether the capital eventually follows.
#termmax @TermMax $AAVE $BTC $ETH
But the capital distribution tells a more interesting story.
According to the figures shared here, $31.22M in TVL is heavily concentrated on Ethereum, with 98.4% sitting there. Multichain deployment shows the protocol’s reach, while the liquidity shows where users are actually putting capital.
That makes sense when deeper liquidity and established players are already concentrated on Ethereum.
Another detail worth watching: roughly $20K in fees over the last 30 days reportedly went directly to protocol revenue, without token emissions being used to inflate the numbers.
And TMX itself still isn’t trading, so the current yield activity is coming from users already participating in the vaults—not token speculation.
The interesting question isn’t whether TermMax is everywhere.
It’s whether the capital eventually follows.
#termmax @TermMax $AAVE $BTC $ETH