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By 2025, Saga has implemented several major initiatives. After the launch of the Velocity DeFi product line, LIL has transformed from a conceptual idea into a usable production-grade infrastructure. The most noteworthy aspect behind this is that they achieved over $800M in DEX liquidity volume, without inflating the TVL data — which is quite rare in today's DeFi ecosystem.
Throughout the iteration rhythm of 2025, Saga is not just about adding functionalities, but more about refining the operational logic of the entire ecosystem. From infrastructure to application layer, and to trading depth, there has been substantial progress in all aspects. This annual review is quite meaningful for reference, laying out the entire execution path and data.
LIL from concept to production level, Saga is indeed stable this time
Only after Velocity DeFi goes live does the ecosystem logic truly form a complete loop
Projects that don't just stack TVL are now truly rare
The entire execution path is quite clear, pretty interesting
From infrastructure layer to application layer, things are moving, good progress
Turning paper concepts into usable products, now that's real effort
800M in trading volume is no exaggeration; this is the real deal.
Since Velocity launched, the ecosystem has come alive, you can feel it.
LIL has gone from concept to production level, not easy at all.
No stacking TVL data, which is rare in this circle.
Execution is fully committed; it depends on how long they can坚持.
DeFi ecosystem needs this kind of pragmatic project.
Data transparency is laid out, at least showing sincerity.
Infrastructure to application layer fully connected, this approach is correct.
Piling up TVL sounds like setting a flag; let's wait and see if they dare to say the same in six months.
The copy is good, but it just feels like they are leaving themselves an out before launching the Mainnet.