
The $5B DeFi Protocol That Could Redefine Ethereum | FLUID
Fluid is rapidly becoming one of the most important DeFi protocols on Ethereum — combining a money market, DEX, smart collateral, smart debt, and an industry-leading liquidation engine into one unified financial layer. In this episode of Web3 Native, we explore: • How Fluid reached $5B TVL and $22B in trading volume in 30 days • The architecture behind its capital-efficient liquidity layer • Smart collateral and smart debt and why traders love them • A liquidation system that’s 100× more efficient than competitors • Upcoming releases: DEX V2, perps, fixed-rate lending, permissionless pools • Revenue, sustainability, token buybacks, and long-term roadmap Whether you're a DeFi user, investor, or simply curious about where on-chain finance is heading, this episode breaks down everything you need to know about Fluid’s rise and what it means for the future of Web3. *Episode is recorded on 17 November 2025





