Fluid: Unifying DeFi Lending, Borrowing, and Trading
Fluid, built by the team behind Instadapp, is a capital-efficient DeFi liquidity layer that shares collateral across lending, vaults, and DEX activity instead of isolating it. Its core innovation, "smart collateral" and "smart debt," lets deposited assets earn lending interest and swap fees simultaneously, enabling higher loan-to-value ratios and tighter spreads than traditional lending protocols.
The protocol currently holds approximately $797M in TVL across 6 chains (Ethereum, Arbitrum, Base, Polygon, and Plasma), with roughly $1.44B in active borrowed positions and an annualized revenue run rate near $12.38M. On July 30, 2026, Taiwan-based VC AppWorks disclosed a strategic investment in the FLUID token, backing co-founder Samyak Jain's rebuilt architecture following Instadapp's prior run to roughly $12B in TVL.
Full breakdown: https://x.com/CVAgentlauncher/status/2090073484189966457
August 19, 2026 97 1
