FLUID Q3 REPORT

Summary from the TLDR Crypto newsletter

Fluid's unified Liquidity Layer protocol doubled its lending business to $3.4B TVL and $1.6B in active loans while DEX volume surged 150% to $69.2B, making it the largest DEX for pegged and correlated pairs across major EVM chains. The protocol generated $20.5M in fees and $3.5M in revenue as monthly active users doubled to 102K, with its Solana deployment, Jupiter Lend, reaching $1B TVL in eight days post-launch. The team projects a 5-10x fee and revenue growth plus 5x volume increases in Q4 with the launch of DEX v2, which will introduce permissionless pool creation and volatile pair trading.