Just yesterday, Termmax @TermMaxFi officially announced: the number of active wallets this month reached 37,500, a month-on-month growth of 107%. At first glance, this number might not seem explosive, but in the current sluggish crypto market, achieving a monthly doubling in user growth is enough to prove the quality of the project. Why TermMax? First of all, the market narrative has quietly shifted: from 'chasing high yields' → 'seeking certainty.' ① Variable-rate lending often leads to liquidations in high-volatility environments, leaving users exhausted from constant monitoring. ② Loop leverage can push APY to 20%+, but a mere 10% price pullback could wipe everything out. ③ RWA (Real World Assets) is hot, but there are few projects that can truly bring traditional fixed income on-chain, allowing users to lock in both costs and returns. TermMax's core selling points hit these three pain points perfectly: ① Fixed-rate + fixed-term lending ② No-liquidation leverage (especially in Alpha mode) ③ RWA integration + institutional-grade infrastructure According to DefiLlama data, TermMax's current TVL is stable at around $26.7 million. While the absolute value isn’t top-tier, during the past two months of general market pullbacks, both user numbers and activity have taken off. This in itself is a very strong signal.