Fluid 🌊 (@0xfluid): Fluid Monthly — March 2026

Fluid Monthly — March 2026 The Liquidity Layer for the Stablecoin Economy. Now Proven. $200B cumulative volume. $35M in Fluid Lite USD in 72 hours. The most advanced liquidation engine in DeFi — enabling the best borrowing conditions available anywhere. The highest loan-to-deposit ratio of any lending protocol. Fluid is building the Finance's Liquidity Layer. This month: - Fluid Lite USD launched — $35M in under 72 hours. - $200B cumulative DEX volume milestone - @DeFi_Made_Here on the @EthCC Main Stage - reUSD — 65% TVL increase in 7 days - @Blockworks confirms Fluid has the highest loan-to-deposit ratio in DeFi - #1 swap venue for sUSDai @USDai_Official, @ethena , @gho and more - 86x return on @arbitrum DRIP campaign - New vaults, new integrations - Resolv USR incident: Debt repayment is ongoing and will continue until 100% of affected user funds are covered. Security procedures have been strengthened and will continue to improve. Fluid smart contracts are safe and operating as intended. All other markets continue to function normally, and protocol safeguards remain active. Full post mortem coming. 1. Fluid Lite USD — $35M in 72 Hours On March 18, Fluid launched its first fixed-rate, cross-chain stablecoin yield vault. The idea is simple. Deposit USDC once. Your exchange rate climbs automatically. Withdraw more than you put in. No claiming. No bridging. No management required. In 72 hours, $35M found its way in. The vault launched at 8.8% promotional yield, stabilizing at a 6% fixed rate long term. Fully automated. 2. $200B Cumulative DEX Volume Fluid crossed $200B in cumulative trading volume in March — in 16 months. #2 DEX on Ethereum by volume. #1 in correlated pairs. One liquidity layer where trading, lending, and borrowing run on the same capital base simultaneously. It happened because the architecture makes every dollar work harder than anywhere else. DEX V2 is coming. The next chapter is bigger. 3. The Best Home for Stablecoins March made one thing clear — stablecoin issuers are choosing Fluid. reUSD @re Fluid launched reUSD vaults just 7 days before the end of the month. In that time: 65% TVL increase, deep DEX liquidity at 10x lower cost, live on Ethereum with more chains coming. No other single protocol delivers this kind of result this fast. sUSDai @USDai_Official Fluid is the #1 swap venue for sUSDai. Deeper liquidity, tighter spreads, better execution. GHO on Plasma @GHO vaults went live on Fluid × Plasma, bringing deep DEX liquidity and best borrowing conditions to GHO holders across chains. 4. Capital Efficiency — Confirmed by Blockworks @Blockworks tracks every major lending protocol. Their finding this month was straightforward: Fluid consistently has the highest loan-to-deposit ratio of any protocol they follow. 40–50%. Every month. What does that mean in practice? Nearly half of every dollar deposited on Fluid is actively working at any given time — earning yield, backing loans, powering trades. Simultaneously. On other protocols, capital sits idle waiting to be used. On Fluid, it never does. Fluid just works. Better. 5. Arbitrum DRIP — 86x Return When the @Arbitrum DRIP campaign results came in, Fluid was the top performer. 86x return on every ARB deployed — against a program average of 51x. The largest market share gain of any protocol participating. 3.2% market share increase, $227M in market size growth, across 12 epochs of supply-side incentives only — no full vault incentives were even deployed. 6 lending protocols. $4M in ARB. The architecture did the work. 6. Integrations & Ecosystem ShapeShift Earn @ShapeShift launched Earn with Fluid yields accessible via the @Yield_xyz API — opening Fluid's yield infrastructure to a whole new user base. LI.FI Composer @lifiprotocol Composer integrated Fluid, expanding routing options and liquidity access across the broader DeFi ecosystem. Avici Money @AviciMoney went live — built on @jup_lend, powered by Fluid infrastructure. Smart Liquidity, now inside a consumer app. Venus Flux × BNB Chain (Powered by Fluid infrastructure.) New vaults went live on @VenusProtocol Flux: - fETH for simple deposit-and-earn yield, and asBNB/BNB for borrowing against yield-bearing BNB with best-in-class parameters. Jupiter Lend × Solana (Powered by Fluid infrastructure.) @jup_lend had a strong March. Earn Deposits hit an all-time high — 27,000+ users, $762M in capital, earning up to 4.9% APY. Max LTV on SOL/Stable pairs was raised to 80%, liquidation threshold to 85%. Two new vaults went live, letting users borrow JupUSD against LBTC at up to 75% LTV — liquidity for Bitcoin without needing to exit. 7. IRL Presence EthCC — Cannes @DeFi_Made_Here took the main stage at @EthCC with one clear message: "We are building the liquidity layer for the stablecoin economy" and also joined @TokenizeThisNYC for a panel on RWA DeFi. ETHMumbai @ad_git represented Fluid at @ETHMumbai, walking through how Fluid is building Finance's Liquidity Layer — one unified layer powering DEX, lending, and an entire ecosystem of financial products including @jup_lend and Venus Flux. Bangkok — Venus Stars @Mardeni01 was on the ground in Bangkok at the @VenusStars_io event, speaking about Venus Flux and Fluid's expansion on BNB Chain. What's Next DEX V2 is the biggest item on the horizon — the most capital-efficient DEX architecture ever built, opening up volatile pairs, deeper connected liquidity and more. Stay Fluid.