Recent API failures have caused many InfoFi platforms to collectively stumble, but TermMaxFi remains as stable as a rock. This is the difference in technical architecture and core strength—whether they can withstand unexpected situations depends on whether their infrastructure is truly solid. During the same period, RiverdotInc's growth exceeded expectations, reflecting a fundamental truth in a bear market: opportunities never fall on those who sit and wait; those who truly make money are always the protocols that invest effort into mechanism innovation and work steadily step by step.

But now, another challenge stands before us—the on-chain lending market is being eroded by liquidity fragmentation. Funds are scattered across various corners, single platforms lack depth, cross-chain lending efficiency is low, leading to high financing costs and poor lending experiences. This is something ecosystem practitioners should carefully consider: how to effectively aggregate fragmented liquidity while ensuring security.