Described as "10x better than Uniswap" in a subjective comparison of DeFi protocols.

Nominated for Defi Excellence Award by therollupco, with winner to be announced on 2025-12-30.

Distributed 2,247 FLUID tokens via airdrop to liquidity providers in fluid fGHO (Ethereum) and fluid fUSDT0 (Plasma) pools through Penpiexyz_io platform.

Integrated with Rivalz AI's MOZAI agent system, which monitors DeFi vaults across multiple protocols including Fluid on Base and automatically manages USDC deposits.

Fluid Lending holds $1.69B in TVL with $1.556B borrowed and cumulative fees exceeding $70.7M, with annualized fees around $79.7M across multiple chains including Ethereum and Plasma.

Jupiter Lend, built in conjunction with Fluid, exits beta and becomes open source, achieving $1B in total supply in 8 days as the fastest growing protocol in Solana history. Jupiter also announces JupUSD stablecoin launching next week in collaboration with Ethena and the acquisition of Rainfi.

Strata launches smart lending pools on the platform. Extra rewards in sGHO and FLUID are distributed to historical holders of Aave GHO Pendle LP on Stake DAO.

Announces Venus X, an upcoming money market and DEX on BNB Chain, built in partnership with Venus.

Reaches $100B in cumulative volume, claimed as the fastest DEX in history to achieve this milestone. $FLUID token is up 553.03% year-over-year, described as the best-performing token in the Ethereum ecosystem.

A crypto trader with hundreds of wallets publicly announces abandoning the platform entirely and moving all EVM funds away, calling the team "intellectually dishonest" amid the ongoing rehypothecation controversy.

Jupiter Exchange faces Solana community scrutiny after Fluid co-founder confirms Jupiter Lend vaults use rehypothecation, contradicting earlier "no cross-contagion" claims. Jupiter has not yet responded to requests for clarification.

$FLUID buybacks go live, reaches $5B TVL and $15M+ in revenue, lists on Bitvavo exchange, launches new syrupUSDC vaults with Maple Finance on Base, and ranks as Top 2 DEX by daily volume on Ethereum and #1 in stablecoin swaps. DEX v2 is in development.

Perps trading feature is being publicly teased, advancing beyond the internal development completion stage reported in late November.

The Venus partnership product is officially named Venus X and scheduled to launch in Q1 2026 as a money market and DEX on BNB Chain with Venus Protocol.

Joint venture partnership with Venus announced for BNB Chain expansion, projected to bring $2B new TVL. Existing Jupiter/Fluid joint venture on Solana has reached $1.3B TVL, representing 50% of Kamino's TVL.

Ranks as Top 2 lending platform by Monthly Active Users with more than 124,000 users engaging monthly and Top-3 lending platform by Active Loans across all chains. Token gains 20.18% in 24 hours on December 3rd.

Almanak's institutional-grade alUSD vault allocates liquidity to Fluid as part of its multi-protocol deployment strategy, alongside Euler V2, Aave V3, Compound, Morpho Blue Vaults, and Yearn v3.

DEX V3 with perpetuals functionality has been achieved internally.

Fluid DEX V2 goes live on mainnet.

Fluid Lite (ETH) achieves 7.67% yield, ranking 3rd highest among major DeFi lending pools with more than $200M TVL.

Completes 7 security audits within 3 months and announces upcoming open source release, maintaining a track record of no security vulnerabilities or bad debt across its lending market operations.

Joint venture with Jupiter results in the largest lending protocol on Solana, built within 3 months.

Becomes the most liquid venue on Solana to borrow USDC in less than 3 months and releases an important feature on Thursday.

Featured at Bankless Summit with public recognition from Dankrad as an example of Ethereum's high-TVL DeFi projects. (Tweet ID: 1993448426827375074)

TVL reaches $3B across multiple L1s and L2s, with current market cap at $240M. (Tweet ID: 1993390492265201911)

Coinbase announces spot trading for FLUID token launching November 25, 2025, with FLUID-USD trading pair opening at or after 9 AM PT subject to liquidity conditions.

Active users reach 151,000 this month.

Wintermute buys $500k+ worth of tokens onchain as market maker loan expiry nears, causing +50% price spike in last hour.

A strategic investment into the project is announced. (Tweet ID: 1992024529754104031)

DEX v2 deployed on Ethereum mainnet with aggregator integrations in process and public liquidity provision opening early December. Protocol features built-in rate limits allowing maximum 10% of TVL withdrawals per day.

Superform launches on Polygon with Fluid integration, enabling cross-chain deposits and yield opportunities alongside Aave, Morpho, and Yearn. Team presents DEX v2 alpha at EFDevcon.

cbBTC collateral on the platform earns high APRs.

Fluid DEX v2 will power volatile pairs at scale, expanding beyond the platform's current stablecoin trading backbone.

$usdai and $sUSDAI tokens will soon be available on the platform alongside integrations with AerodromeFi, ExtraFi, and Spectra Finance on Base.

Protocol has over $400M in total value across its platform according to ecosystem analysis.

A $50M USDC to USDT trade on KyberNetwork routes $28M through the smart debt pool, with the entire trade allowing users to earn on their debt.

A third-party Plasma vault managed by Edge Capital Management opens for deposits, sourcing yields from Fluid and Aave with approximately 16% expected APY over the next 30 days. The protocol participates in Stable Summit panel alongside S&P Global and Polygon, discussing low-risk DeFi and lending-market risk.

USDC on the platform currently yields 7%.

syrupUSDT cap on Aave's instance on Plasma increases to $300M and fills within minutes. Monthly revenue reaches all-time high of $2.16M in October.

Scheduled to share DEX v2 alpha at DeFi Today event during EFDevcon on November 21st at 2:30pm.

DEX v2 adds cross-collateralization between LP positions and single asset collateral (such as ETH-USDT range orders combined with gold and BTC collateral).

The protocol reports $6B+ market size, $2.5B active loans (up from $2.3B), $120B+ cumulative volume, and $15M+ run-rate revenue.

Active loans grow to $2.3B, up from $1.6B reported in Q3 2025, while TVL reaches $5.4B.

Fluid ranks #3 overall in lending protocols and #2 in treasury rankings. TVL grows to $5B+ from Q3's $3.4B, with $500M+ in assets from Maple Finance representing 33% of SyrupUSDC's total liquidity now on the platform.

Fluid vaults integrate with Superform v2 on Arbitrum, allowing users to deposit from any chain into Fluid's products alongside Aave, Morpho, Euler, Yearn, and Curve.

DEX v2 launches in a few days with pools for volatile pairs. The protocol has burned 0.5% of total supply since October.

Fluid ranks #2 by daily trading volume with $1.04B in 24-hour volume.

Q3 2025 metrics show TVL at $3.4B (+88% QoQ), active loans at $1.6B (+99% QoQ), DEX trading volume at $69.2B (+150% QoQ), revenue at $3.5M (+148% QoQ), and monthly active users at 102K (+96% QoQ).

Liquidity on Arbitrum nearly doubled following the DRIP event.

Lista DAO ($1.95B TVL) launches Smart Lending built on Fluid's model, which processes $1B in daily volume.

The protocol generates $10M in annual revenue and has bought back 0.36% of supply since the buyback program began on October 6.

TVL recovers to $6B+ with 170K+ monthly active wallets reported and $120B+ in cumulative trading volume across the protocol's history.

Integration with Kelp protocol goes live, enabling wrsETH liquidity with 15.4k wrsETH supplied to Aave v3 Plasma market.

The protocol manages approximately $5B in user funds (down from $6B) and has never lost user funds over 7 years of operation.

Falls out of top 12 DeFi protocols by TVL rankings, previously ranked #10 three years ago.

$FLUID buybacks are in full swing while monthly active users go parabolic.

Assets from Maple Finance on the platform surpass $500M across all chains, with syrupUSDC and syrupUSDT integrated into lending and borrowing markets.

Selected for Circle's Arc Public Testnet and featured on Ethereum Foundation's Institutional site. DEX celebrates 1-year anniversary with ~$150B cumulative trading volume, ranking #2 on Ethereum by daily/monthly volume, and generating $23M+ in total fees.

DEX v2 launches this month, offering LPs advanced tooling for complex trading strategies including custom payoff structures, pair trading, and delta/gamma hedging.

TVL on Plasma surpasses $1.4 billion with 30% growth during October.

Fluid ranks as the 3rd biggest lending market by active loans.

Platform recognized as one of the top performing lending protocols on Arbitrum alongside MorphoLabs, Euler Finance, and Silo Finance during DRIP-driven market growth funded by Arbitrum DAO.

DeFi Saver integration on Plasma offers >10% ETH APR (potentially 27% with raised cap) plus Points and KING Rewards, enabled by ultra-low ETH borrow rates from XPL incentives.

Fluid enables GHO borrowing on Ethereum with rates as low as 3.3% APR.

Platform celebrates 1-year anniversary achieving $150B+ cumulative trading volume as the fastest DEX to reach $100B on Ethereum, with 170K+ active wallets and #1 ranking in stablecoin swaps.

Fluid rises up the Ethereum DEX leaderboard and challenges Uniswap's position among top decentralized exchanges.

Fluid integrates with DeFi Saver, enabling users to manage positions on Plasma with 1-transaction leverage management options starting today.

Fluid participates as a DEX provider in Arc Ecosystem's public testnet launch, joining other major platforms like Uniswap and Curve in an infrastructure project backed by global financial institutions.

fUSDT0 product offers 11% boosted Pendle APY through Equilibria's vePENDLE boost, with additional WXPL rewards claimable via Merkl.

DEX v2 is positioned as the next major catalyst ahead for the platform. (1983075237920223631)

Fluid onboards @DeFi_Made_Here to the team.

FLUID governance token creates approximately 47 millionaires among its 10.5k total holders, with these addresses holding balances exceeding $1M.

SwissBorg exchange listing enables European trading, syrupUSDC adds collateral functionality, wrsETH launches on Plasma and Kelp DAO, and Chinese community launches via @fluid_cn.

Fluid provides lending functionality for Jupiter's platform, integrated as part of Jupiter's multi-feature crypto application. (1981721861504348325)

syrupUSDC and syrupUSDT provide 7.4% APY on Maple Finance, with looping yield strategies across Kamino, Jupiter, Morpho/Pendle, and Aave reaching up to 25% APY.

New token page reveals treasury contains $104m in non-circulating FLUID and $20m in protocol owned DEX liquidity, with real FDV calculated at $343m based on circulating supply.

Transparency dashboard launches as a centralized page to track all project information, with additional features planned for future additions.

100% of syrupUSDC trades on Arbitrum now route through the platform, showing complete market capture on that network.

$FLUID lists on SwissBorg exchange.

USDAI vault multiplier reduced from 10x to 5x; cap raise teased to restore 10x multiplier.

wrsETH goes live on Plasma network with liquidity provision opportunities earning staking and lending rewards through the wrsETH-ETH vault.

Maple Finance's syrupUSDC launches as collateral on Ethereum mainnet across four stable pair markets (USDC, USDT, GHO) with up to 90% LTV and +1% USDC rewards.

Gold collateral now earns 6.3% APR while USDC borrowing costs 6.1%, allowing users to earn net positive yield by borrowing against their gold.

$380M+ deposited in DRIP season on Arbitrum; DEX V2 coming soon.

Gold collateral APR increases to 5.56% from the previously reported 4.69% for users borrowing stablecoins against their gold collateral.

The two biggest front ends in crypto will route volumes to the DEX on Solana.

Gold collateral now earns 4.69% trading APR on the platform while allowing users to borrow stablecoins against it.

Platform grows to 170,000+ monthly active users from 100 users over an 18-month period.

Total Value Locked reaches $6 billion over an 18-month period.

Dominates sUSDe-USDT trading on Ethereum as #1 DEX with approximately $85M daily volume and 85%+ market dominance for this trading pair.

V2 upgrade scheduled to launch in Q4 and described as the most efficient DEX among major upcoming DeFi launches.

0x API now aggregates liquidity from Fluid DEX on Plasma network alongside Balancer, Uniswap, Curve, and DYOR Exchange.

$FLUID becomes available for trading on gTrade platform in recent listings update.

USDT deposits currently offer approximately 40% APR. Protocol demonstrated resilience during a recent market stress event, maintaining operations without issues alongside AAVE, Ethena, and Pendle.

Active loan volume up ~560% year-over-year and token achieves top performance ranking among Ethereum tokens on TokenTerminal.

Analyst positions platform alongside Euler and Pendle as requiring risk curator assistance to facilitate capital flows from neobanks seeking DeFi yields, contrasting with AAVE and Morpho which are considered better suited for direct neobank integration.

Launches fUSDT0 stablecoin pools on Penpie platform with boosted $WXPL and $PENDLE rewards as part of Plasma ecosystem integration.

Platform enables earning +1% trading APR on gold collateral (PAXG-XAUT) while simultaneously borrowing stablecoins against it.

New trading pair listed with up to 150x leverage available for trading.

Token achieves 553.03% gain over the past year, ranking as the best performing token in the Ethereum ecosystem.