Fluid's Q3 2025 report reveals a significant surge in its performance, with total value locked (TVL) reaching $3.4 billion, nearly doubling from the previous quarter. Active loans also saw remarkable growth, hitting $1.6 billion, marking a 99% increase. The decentralized exchange (DEX) trading volume skyrocketed to $69.2 billion, up 150% from Q2. In terms of fees and revenue, Fluid generated $20.5 million in fees and $3.5 million in revenue, both showing substantial increases compared to the previous quarter. The report highlights Fluid's position as the third-largest protocol by active loans, driven partly by its collaboration with Jupiter for lending on Solana. The protocol offers competitive loan-to-value ratios and low liquidation penalties, which have attracted more users. Monthly active users doubled to 102,000, with Arbitrum One leading the way. The upcoming DEX v2, set to launch soon, is expected to further boost user engagement and trading volume. Fluid's growth strategy includes enhancing its DEX capabilities and expanding features on Solana. The protocol is already exceeding many of its Q3 metrics in early Q4, indicating strong momentum. This growth is expected to continue, driven by the launch of new products and features, particularly in the multi-chain ecosystem.