$1.2B TVL Milestone: Fluid Superapp Makes Waves in Decentralized Finance

Fluid, a decentralized finance (defi) superapp, has attracted $1.2 billion in total value locked (TVL) through its innovative money market and decentralized exchange (dex). The platform delivers groundbreaking features such as smart debt and collateral management. As part of its evolution, Fluid is transitioning its governance token from INST to FLUID, a move aimed at facilitating buybacks and funding expansion efforts. This development shakes the long-standing belief that aggregation theory is the primary driver of success in the defi space. Developed by Instadapp, Fluid is designed as an all-in-one defi superapp, offering a streamlined and highly functional liquidity layer to enhance decentralized finance’s user experience. The app integrates diverse protocols, including Fluid Lending and Fluid dex, to create a unified and capital-efficient ecosystem. At its core, Fluid’s liquidity layer functions as a centralized hub, harmonizing liquidity from multiple protocols. This approach reduces liquidity dispersion and enables effortless upgrades between protocol versions without requiring users to migrate liquidity themselves.