TermMax Platform Data Analysis

> Total Users: 785,094 (WoW: +5%)
> Daily Active Users: 110,401
> Alpha Trading Volume: $49.5 million
This set of data shows that the platform's growth is still ongoing, active users are still active, and usage intensity remains strong.
1/ Total Users 785,094, WoW +5%
For this scale, a 5% weekly increase is not just a short-term spike driven by hype, but more like steady new additions continuing to come in. The closer it gets to 800,000 while maintaining this slope indicates that distribution channels and word-of-mouth diffusion are still in motion.
2/ DAU 110,401
Reaching 100,000 daily active users is a very strong signal, indicating that users don’t just register and leave, but that a large number of wallets are returning and interacting daily. Comparing DAU to total users, the DAU/total user ratio is about 14% (110,401 / 785,094 ≈ 0.1406), which is quite healthy for DeFi, suggesting participation is not limited to a small group.
3/ Alpha Trading Volume $49.5M
Reaching this level of trading volume indicates that demand isn’t just about earning points or checking in, but that people are actually using the product for structured trading. Coupled with the new high in DAU, this looks more like a closed loop where active users generate real trades, rather than just idle activity.
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Overall Interpretation
User momentum is still accelerating, daily activity has not collapsed, and trading demand has not weakened. When these three points are aligned, it usually means the ecosystem is transitioning from activity-driven to usage habit-driven. Next, I will focus on two things: whether DAU can remain resilient during periods of inactivity, and whether trading volume continues to be contributed by a broader range of addresses rather than a few large accounts. As long as these two points stay stable, this growth curve will look more like a long-term structure rather than a temporary hype.
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