TermMax
TMX#1810 by market capNot covered. The criterion it missed: market cap below the 5,000,000 USD floor.
TermMax is for lending and borrowing. We have not written its record yet, so its promises are not checked. It trades at $0.0297, #1715 of all coins by size, 85% below its highest ever price.
This week Nothing changed on its record.
A real job, real backing. No dated promises on its pages. Nothing dated ahead. +35% to match its rivals. 1 reason to be careful.
Is it real?
Reasons to be careful:Half the supply still to come
ExpandCollapse
3 of 4
- ✓A real-world jobReal-world purpose: lending and borrowing
- ✓Real backingBacking: trades on Kraken, KuCoin
- –Something aheadA dated step, deliveries on record, or demand showing up in the news.
- ✓Room to growRoom: worth $4.54M, 90 times smaller than Pendle, the biggest coin within reach doing the same thing (Fixed Interest)
Listed on 2 big exchanges
- Origin26 August 2026about 20 daysts.finance, GitHub, Whitepaper
- DevelopersNot namedNeither Wikidata nor its listing names the foundersCode activity not checked
- BackingNo named investorListed on Kraken, KuCoin
- Standing on the recordNo recordNo dated promise to judge yet0 headlines last monthNo corrections needed so far
To be worth what the typical coin in Fixed Interest is worth ($6.13M), its price would need to rise 35%, to about $0.0401. To match the leader, Pendle, 8929%.
Still to check
- No dated promise on record yet, so delivery cannot be judged
- No named investor among its tags
- Only 0 headlines named it last month
- Years younger than the group's leader
What to do Nothing dated is ahead and nothing has been delivered on record. There is no event to wait for yet, which is itself the answer.
A gap is not a forecast. Most small coins never close it. The site never picks.
Four tests, printed. Passing all four means a real job, real backing, something ahead, and a price far below the leader of its group. A filter on facts, never a verdict.
Every line has a source: the coin's own listing, CoinGecko's tags, the record, or the news feed. Reputation here is a count, never an opinion.
Does it deliver?
No dated promise has been found on the pages this project publishes. Its pages are saved every night, so anything it commits to from now on appears here.
ExpandCollapse
Every line is quoted from the project's own pages, with the copy we stored and, where one exists, the article that reported it
What is next, and when?
Nothing dated has been found on its pages, so there is no date to wait for yet.
How big is it next to its rivals?
ExpandCollapse
Only coins within a hundred times its worth; a coin a thousand times bigger is another world
Lending and borrowing
39 coins tagged Lending/Borrowing Protocols, worth $4.87B together. #28 of 39 by worth.
Fixed Interest: this coin against its direct competitors
- CoinWorth, as a barWorthAgainst this coinToday, and the gapSupplyPromises
TermMax$4.54Mthis coin−0.8%15% outno record
Pendle$409.64M90.3× bigger, +$405.11M+2.6%, gap +3.3no maxnone dated
saffron.finance$9.69M2.1× bigger, +$5.16M−4.0%, gap −3.280% outno record
Inverse Finance$6.13M1.4× bigger, +$1.59M−2.4%, gap −1.6no maxno record
Nexora$4.07M1.1× smaller, −$470.37K−1.6%, gap −0.856% outno record
Spectra$2.13M2.1× smaller, −$2.4M−0.7%, gap +0.155% outno record
Fixed Interest: this coin next to Pendle, the biggest rival within reach. People go to the bigger coin unless the smaller one does something it does not.
- TermMax says
- TermMax is a decentralized lending and borrowing platform where users lock in fixed interest rates for a fixed term.
- Pendle says
- Pendle describes itself as a platform for trading crypto yield.
Two claims, side by side, in their own words. Whether the difference is real is for the record to show over time, and for you to judge.
TermMax is a decentralized lending and borrowing platform where users lock in fixed interest rates for a fixed term. Unlike variable-rate protocols, TermMax guarantees what lenders earn and what borrowers pay upfront.
Problem it says it solves: lending and borrowing. 39 coins are working on it and together they are worth $4,867,443,285. This coin is 0% of that.
Where it trades: Kraken, KuCoin, Pancakeswap Infinity CLMM, LBank, Bitget
Each bar is a coin's worth today (price × coins out), longest first. The lit bar is this coin; grey bars are the others doing the same job.
Bars are market cap. Order is size, nothing else. Differences are measured from the coin you are looking at.
What should make me careful?
1 reason to be careful
- Half the supply still to come85% of the maximum supply is still to come
ExpandCollapse
Fixed Interest: this coin next to the group's largest, Pendle.
| TermMax | Pendle | |
|---|---|---|
| Years trading | 1 months | 4 years |
| Major exchanges | 2 | 9 |
| Named backers | 0 | 0 |
| Headlines, last month | 0 | 27 |
| Promises delivered | no record | no record |
What it says is different: TermMax is a decentralized lending and borrowing platform where users lock in fixed interest rates for a fixed term. Unlike variable-rate protocols, TermMax guarantees what lenders earn and what borrowers pay upfront.
It is 1.1% the size of Pendle. On the facts above it is behind on years trading, major exchanges, headlines, last month. For that gap to close, the record would need deliveries showing up in its record, news that names it. Nothing here says it will; the site does not predict.
Printed the same way as the reasons for: facts from the record, the tags and the market feed. Never a verdict, never the word sell.
The homework: the coin itself, the news, the record
The coin itself
ExpandCollapse
The last 7 days
Where today sits against its highest ever price
Highest ever: $0.2043 on 26 August 2026. Today is 15% of that.
15%
of all TMX that will ever exist is already out in public hands: 152.8M coins.
85% (847.2M coins) is already created but not in public hands, held by the project or locked in escrow. That is a majority. Those coins can be sold later, which can push the price down.
out held back. Each dot is 1%.
A share of the app's fees or votes
Apps like this usually pay holders from fees or give them a vote. Check which.
- Nothing the project's own pages spell out.
That is all a market cap is: today's price times the coins in public hands. It moves every time the price does. It says what buyers are paying, not what the coin is worth.
- of the maximum supply is in circulation: 152.8M of 1B.
- 847.2Mcoins still to be released, 85% of the maximum. Releases can add selling pressure.
- 6.5×fully diluted value versus today's market cap. The gap is coins not yet released.
- of its all-time high of $0.2043 on 26 August 2026. That is −85.5% from the top.
- #1715by market cap, $4,537,039.
- Not checkedwho holds the most coins, and how much has been burned. Those need on-chain data this site does not read yet.
Supply and value figures from CoinGecko, refreshed hourly. Not part of the record.
- $27.57M is locked in it right now
From DefiLlama, refreshed nightly. Fees are what people paid to use the thing; value locked is what they trust it to hold. Facts, not a score.
What the news says
ExpandCollapse
Nothing in the news this month.
Why it movedDown 46% this week. No headline named it in the last three days, so the move is not explained by news we can see.
Nothing matched in the last month from the sources we read. CoinDesk, Cointelegraph, Decrypt, The Block, plus Google News searches for coins with a record and the top 100.
The record itself
Not covered. The criterion it missed: market cap below the 5,000,000 USD floor.
ExpandCollapse
Six facts, the project's own replies, its peers, contract facts, references and every stored copy