A quarter in—and the numbers are worth a closer look.

Since that October launch, the momentum has been undeniable. Transaction volume jumped from 49k to 201k—that's a 307% spike. More significantly, total spend climbed from $1.6m to $8.26m, a stunning 416% increase. Credit creation followed suit, scaling from $2.1m to $9.44m, up 350%.

What's particularly interesting isn't just the headline growth. Average transaction size pushed up roughly 20%, suggesting users are becoming more confident and active. User retention showed improvement across the board, and the holder count expanded steadily.

These metrics paint a picture of a DeFi protocol gaining genuine traction. It's not just new users coming in—they're staying, spending more, and the credit mechanisms are firing on all cylinders. Three months in, the fundamentals look solid.