#termmax @TermMax I thing TermMax is live across 8 chains: Ethereum, Arbitrum, BNB Chain, Berachain, BSquared, X Layer, Pharos, and Hyperliquid L1, plus Base showing up in more recent deployments.
Ethereum holds 94.5% of total TVL. That's the part worth sitting with. Being deployed on 8 chains sounds impressive until you realize almost all the actual capital is concentrated on one of them.
Not necessarily a red flag, early stage protocols usually see this kind of concentration before liquidity spreads out. But if you're evaluating this for a multichain thesis, the reality right now is closer to "Ethereum protocol with experimental outposts elsewhere" than "true multichain player."
Will update this if the distribution shifts meaningfully over the next few campaign cycles.
#TermMax #Multichain #DEFİ
Ethereum holds 94.5% of total TVL. That's the part worth sitting with. Being deployed on 8 chains sounds impressive until you realize almost all the actual capital is concentrated on one of them.
Not necessarily a red flag, early stage protocols usually see this kind of concentration before liquidity spreads out. But if you're evaluating this for a multichain thesis, the reality right now is closer to "Ethereum protocol with experimental outposts elsewhere" than "true multichain player."
Will update this if the distribution shifts meaningfully over the next few campaign cycles.
#TermMax #Multichain #DEFİ