#termmax @TermMax I’ve been looking at TermMax a bit differently lately.
The 1.5M registered wallets definitely sounds impressive, but I think the more important question is what happens after users connect their wallets.
With around $90M in reported TVL, the average TVL per registered wallet is relatively small. That makes me more interested in user quality than just wallet numbers.
How many users actually open positions?
How many stay until maturity?
How many come back and deploy more capital?
Those numbers can tell us much more about real adoption than a headline wallet count.
The multichain expansion is also interesting. Being deployed across 10 EVM chains increases accessibility, but liquidity and borrower demand still matter more than simply being available on more networks.
I’ll also be watching how much capital is actually being used in TermMax’s fixed-term markets versus sitting in other lending protocols🍅
Over the next 90 days, I think the most interesting thing to watch will be whether TermMax’s fixed rates consistently provide value compared with floating-rate alternatives 👉
Supply numbers are easy to track.
What really matters is whether users stay, return, and bring more capital with them.
The 1.5M registered wallets definitely sounds impressive, but I think the more important question is what happens after users connect their wallets.
With around $90M in reported TVL, the average TVL per registered wallet is relatively small. That makes me more interested in user quality than just wallet numbers.
How many users actually open positions?
How many stay until maturity?
How many come back and deploy more capital?
Those numbers can tell us much more about real adoption than a headline wallet count.
The multichain expansion is also interesting. Being deployed across 10 EVM chains increases accessibility, but liquidity and borrower demand still matter more than simply being available on more networks.
I’ll also be watching how much capital is actually being used in TermMax’s fixed-term markets versus sitting in other lending protocols🍅
Over the next 90 days, I think the most interesting thing to watch will be whether TermMax’s fixed rates consistently provide value compared with floating-rate alternatives 👉
Supply numbers are easy to track.
What really matters is whether users stay, return, and bring more capital with them.