maple finance25
$SYRUP
MCAP255.81M
-3.29%

what's maple finance?

Maple Finance is a decentralized finance (DeFi) platform specializing in institutional-grade on-chain lending, connecting accredited crypto-native borrowers with lenders through transparent, overcollateralized loan products. It serves as an asset manager with a focus on capital markets expertise, enabling flexible financing for institutions while providing lenders with high-yield, fixed-rate opportunities via its Syrup ecosystem. Key features include permissionless yield-bearing assets like syrupUSDC and syrupUSDT, which have seen significant TVL growth, reaching billions in assets under management. The platform supports expansions to multiple blockchains such as Solana, Plasma, and Linea, accepting diverse collateral like ETH, USDT, and others for tailored loans. Despite claims of robust overcollateralization, it has faced scrutiny over user liquidations during volatility and 31-day withdrawal lock periods in certain pools. Maple emphasizes revenue efficiency and institutional security, positioning itself as the world's largest on-chain asset manager with over $10 billion in loans originated.

Snapshot

Maple Finance's Syrup product boosted RWA TVL to $25B in Private Credit.

contract

ethereum

base

9H ago
ONCHAIN METRICS

Contributed to RWA TVL reaching $25B through Syrup product growth in the Private Credit sector.

4D ago
ONCHAIN METRICS

syrupUSDC paid out $1.43M in yield during the week ending April 10, 2026

5D ago
VISIBILITY EVENTOfficial

Included as a defining force in onchain capital markets by Keyrock and Securitize, and a private credit protocol in a tokenized RWA market overview (April 2026).

6D ago
ONCHAIN METRICS

Generated $7.3 million in revenue during January-February 2026, ranking 4th among RWA projects by revenue for this period.

ONCHAIN METRICSOfficial

Reached $1.8M in revenue for March 2026.

1W ago
ONCHAIN METRICS

Loans outstanding crossed $2.5 billion for the first time.

ONCHAIN METRICS

Has approximately $252M in deposits earning yield from corporate loans as shown in the app interface.

ONCHAIN METRICS

Has approximately $40M of actual equity backing deposits onchain across three Morpho markets.

ONCHAIN METRICS

Utilizes $115M in RLUSD and $90M in PYUSD as borrowed capital funding its lending operations.

RISK ALERT

Experienced a default in V1 pool in December 2022 for approximately $36M at 1x leverage.

ONCHAIN METRICSOfficial

Recorded over $440M in net new deposits during March 2026.

ONCHAIN METRICSOfficial

Reached all-time high supply levels for syrupUSDC and syrupUSDT in March 2026, with syrupUSDT reaching $1.43B.

ONCHAIN METRICS

Achieved $1,948,000,000 in borrowed amounts across all chains in the 30-day period ending on 2026-04-06.

ONCHAIN METRICS

Controls 23% of syrupUSDC TVL on Ethereum through omnichain liquidity position, with balance down 18% week-over-week as of April 2026.

RISK ALERTOfficial

Confirmed no direct exposure to the Drift security incident, with syrupUSDC and syrupUSDT remaining overcollateralized and all protocol operations continuing normally.

ONCHAIN METRICS

Generated more fees than Uniswap over a 24-hour period ending on 2026-04-01.

ONCHAIN METRICS

Reached $1.2B in active loans.

PARTNERSHIP

Integrated with Whop, a fintech app with 20M+ users, to provide tokenized overcollateralized lending services on Plasma chain.

2W ago
ONCHAIN METRICS

Paid out $2.70M in yield over the last 30 days, ranking 7th among yield-bearing stablecoins, and $683K during the week ending April 10, 2026.

UNCATEGORIZED

Offers up to 30% unsecured USDC credit lines against MNT with zero over-collateralization through 3jane.

ONCHAIN METRICS

Paid out $6.11M in stablecoin yields through syrupUSDC over the last 30 days, ranking second among stablecoin yield products.

VISIBILITY EVENTOfficial

The team is presenting at EthCC 9 RWA Summit in Cannes on 2026-03-31, with a talk on the future of onchain credit.

VISIBILITY EVENT

Mentioned as a lending infrastructure provider for RWA capital in a thread discussing tokenized stocks and RWA market trends.

TEAM UPDATEOfficial

Hiring for a Senior Content & Brand Manager role requiring 6+ years of experience in content or brand marketing in fintech, crypto, or financial services.

PARTNERSHIPOfficial

Allocates capital in the Sky Agent Network (Obex Cohort 1) among 12+ independent allocators across fixed income, private credit, AI infrastructure, energy, and onchain capital markets, including $1B across 8 projects into tokenized real-world assets. Works with Centrifuge and Securitize for sUSDS yield generation, backed by a $2.5B mandate, powering a 3.75% Sky Savings Rate.

VISIBILITY EVENT

Co-hosts DeFi Day Cannes conference on 2026-03-30 at Palais des Festivals et des Congrès alongside Aave, Chainlink, and Stablecoin.

3W ago
ONCHAIN METRICS

Reached $962M in 30-day mint volume for syrupUSDT, ranking 10th among stablecoins by this metric.

ONCHAIN METRICS

Generated $13 million in revenue.

ONCHAIN METRICS

Asset holders crossed 7,300, reaching a new all-time high.

ONCHAIN METRICS

Generated $1.76B in borrow interest fees during 2025 alongside Aave, Morpho, Spark, and Fluid.

VISIBILITY EVENTOfficial

Co-hosts DeFi Day in Cannes at EthCC[9] with Aave, Chainlink for DeFi researchers, allocators & industry leaders.

FINANCIAL EVENT

syrupUSDC leverage looping strategy via Morpho and KyberNetwork maintains 6.2-6.9x leverage across three Morpho markets with zero liquidations, receiving 14,000 IN token incentive rewards for epoch ending on 2026-03-26.

ONCHAIN METRICSOfficial

Reached $350 million in syrupUSDC deposits on Kamino on Solana, with over 50% of holders.

ONCHAIN METRICS

Reached 1.59B syrupUSDC circulation; market cap $1.78B.

ONCHAIN METRICS

Reached 879.8M circulation for syrupUSDT; market cap sits at $990 million.

ONCHAIN METRICS

Total deposits reached an all-time high of $2.5 billion.

ONCHAIN METRICS

Reached $450M total market size on Solana through the Kamino deployment, achieving a new all-time high.

PARTNERSHIP

Integrated with DeFi Saver Smart Savings, enabling DeFi Saver users to access Maple Finance yields through Summer Finance's Lazy Summer vaults.

1M ago
ONCHAIN METRICSOfficial

Surpassed $1 billion in syrupUSDT deposits on Plasma, a new all-time high.

VISIBILITY EVENT

Featured in an interview with Laura Shin discussing institutional crypto lending, the Syrup stablecoin, multi-chain deployment strategy, and DAO governance challenges.

PARTNERSHIP

Integrated with Ethena's proposed USDe reserves expansion as an institutional lending venue alongside Coinbase and Anchorage; Ethena allocated funds to Maple Institutional earning 5.4% APY.

PARTNERSHIP

Integrated into Royco Dawn v2.1 platform with syrupUSDC tranche added as a new investment option.

VISIBILITY EVENT

Featured in a Bell Curve podcast episode with Sid from Maple Finance and Theo Golden from Baillie Gifford discussing onchain finance.

VISIBILITY EVENT

Ranked #2 institutional lender in Q4 2025 by Galaxy Digital, holds $1.32B SyrupUSDC and 67% market share in onchain private credit.

ONCHAIN METRICS

Experienced $163M in outflows during the week ending March 10, 2026.

TOKEN ECONOMICS

The Syrup Strategic Fund bought back approximately 2 million SYRUP tokens in Q4 2025.

ONCHAIN METRICSOfficial

Reached $50M+ in inflows for syrupUSDT across 4 vaults on BNB Chain.

TOKEN ECONOMICS

SYRUP token is fully unlocked with no remaining vesting schedule.

UNCATEGORIZED

Maple Finance's governance token SYRUP is used for governance, institutional crypto-backed lending pools, staking rewards, and DeFi yield access.

ONCHAIN METRICS

Reached $4.6B in AUMs and $4B in TVL.

ONCHAIN METRICS

Generates $30M+ annual recurring revenue (ARR), operates at a net profit, and is cashflow positive. Generated $2.5M protocol revenue in December 2025.

TOKEN ECONOMICSOfficial

Allocates 25% of revenue monthly to the SSF (Stability and Security Fund) for buybacks and balance sheet strengthening.

ONCHAIN METRICS

Reached $1.8B TVL with $16.8M annual revenue from institutional undercollateralized lending operations.

ONCHAIN METRICS

Reached $1.8 billion in tokenized fund assets, ranking fifth among tokenized fund platforms. syrupUSDT and syrupUSDC sit among top 10 yield-bearing stablecoins by TVL, generating yields from institutional lending.

WHALE ACTIVITY

Experienced the 8th highest percentage increase in $100K+ whale transactions over the past month for SYRUPUSDC.

VISIBILITY EVENTOfficial

syrupUSDC and syrupUSDT maintain overcollateralization and no exposure to Resolv or USR assets, or lending markets across Fluid, Morpho.

TEAM UPDATE

Hiring Senior Solidity Engineer for a full-time remote position in Europe or UAE.

VISIBILITY EVENT

Mentioned as a fully encrypted mobile and web app for AI chatbot interactions, positioned as "Signal for AI" that uses only open models for sensitive personal matters and research.

ONCHAIN METRICS

Ranked #10 among DeFi protocols by TVL on DefiLlama.

ONCHAIN METRICS

Originated $3.3 billion in loans year-to-date in 2026.

FINANCIAL EVENT

Holds $18 million in stablecoins and liquid assets on the balance sheet.

ONCHAIN METRICS

Generated $7.3M in revenue during January-February 2026, ranking 4th among RWA projects by actual revenue.

ONCHAIN METRICS

Leads private credit RWA category, connecting institutions to DeFi capital with $5B liquid assets and $20B locked.

VISIBILITY EVENT

Participated in an interview on the DeFi Decoded podcast discussing risk management, institutional adoption, and tokenized assets; featured for private credit tokenization.

ONCHAIN METRICS

syrupUSDC collateral deposits on Morpho increased from $10M to $115M year-to-date across Ethereum and Arbitrum, representing a 10x growth.

PARTNERSHIP

Integrated into Gauntlet's USDC Frontier vault on Kamino, allocating across PRIME, Maple, and Main Markets within Gauntlet's Frontier curation framework.

PARTNERSHIP

Integrated with YO protocol as a yield source for yoUSD through syrupUSDC product.

WHALE ACTIVITY

Top 100 addresses, smart money, and whales increased $100K+ transactions for SYRUPUSDT, ranking 5th highest percentage increase over the past month.

ONCHAIN METRICS

Reached $4.2 billion AUM in onchain credit markets, representing a year-over-year increase of over 450%.

OPINION SPECULATION

Lending over $200 million to a trading firm collateralized by XRP tokens.

ONCHAIN METRICS

Total bridge volume for syrupUSDT and syrupUSDC surpassed $5B.

ONCHAIN METRICS

Reached $300 million in XRP deposited for lending purposes on the platform.

ONCHAIN METRICS

Paid $18.73M in cumulative yield, representing 8.76% of $213.87M total yield from yield-bearing stablecoins.

ONCHAIN METRICS

syrupUSDT currently has approximately half of its underlying TVL deployed into lending across DeFi protocols.

ONCHAIN METRICS

syrupUSDT currently yields 4.5% APR.

ONCHAIN METRICS

Generated $9.9M in fees over the 30-day period, representing a 44.5% increase compared to the previous period.

PARTNERSHIP

Provides obligations that are purchased by Maker/Sky protocol as part of their asset acquisition strategy.

VISIBILITY EVENT

Hosts investor call February 26, 2026, streaming on X, to discuss performance, revenue targets, token utility, projected financials, product roadmap, and pipeline; releases a report March 31, 2026.

ONCHAIN METRICS

syrupUSDC product scaled past $200M, partners with Aave on Base.

ONCHAIN METRICS

Generated $2.1M in revenue in 2025, representing a 5x increase compared to the previous period.

2M ago
UNCATEGORIZED

Deployed syrupUSDC and syrupUSDT, backed by 165%+ overcollateralized loans with real-time verifiable collateral, yielding real-world returns across Plasma, Ethereum, and Base; syrupUSDT also deployed on Venus Flux on BNB Chain. syrupUSDC distributes 68% on Ethereum, 20% on Solana, and 10% on Base.

ONCHAIN METRICS

Monthly revenue in February 2026 matches October-level revenue as of mid-February.

ONCHAIN METRICS

Originated over $20B in loans to more than 100 institutional borrowers to date.

ONCHAIN METRICSOfficial

Reached all-time high of $1.7B in syrupUSDC deposits, generating 4.7% 30-day APY, becoming the second largest tokenized fund.

ONCHAIN METRICSOfficial

Crossed $2.5B in combined syrupUSDC and syrupUSDT deposits from institutional borrowers and reached $2.8B combined market cap, both new all-time highs.

RISK ALERT

Restored web application functionality after compromise; smart contracts and user deposits remain secure and unaffected.

RISK ALERT

Maintains 99%+ repayment rate with zero defaults through overcollateralization risk management, issuing two margin calls cured within one hour.

VISIBILITY EVENT

Mentioned as an example of institutional growth on Solana alongside tokenized equities, in the context of Mantle's cross-chain expansion.

ONCHAIN METRICS

Generated $150,000 in income from tri-party loans through Arkis and Anchorage in Q4 2025, with $150 million deployed on Anchorage and $15 million on Arkis.

PARTNERSHIP

Integrated with InfiniFi to provide overcollateralized BTC-backed loans, receiving $6.7M in lending from InfiniFi's liUSD holders at 8.78% APY.

VISIBILITY EVENT

Executives are speaking at the Blockworks DAS institutional crypto conference alongside representatives from SEC, Federal Reserve, CFTC, OCC, BlackRock, Robinhood, Swift, Ethena, Binance, and Sky.

MARKET ACTIVITY

SYRUP token experienced a 6.25% price decline over a 24-hour period on January 21, 2026, ranking among the largest losers in the crypto market.

TECH EVENT

Advancing undercollateralized lending infrastructure using zkTLS technology to enable credit lines based on verified Web2 data such as bank balances without revealing user identity.

VISIBILITY EVENT

Featured in the first episode of "Revenue Meta" podcast series by The Edge Pod, with Co-Founder and CEO Sid Sid discussing SYRUP and token value accrual mechanisms.

FINANCIAL EVENT

Final Drips claim goes live on 2026-01-18

TECH EVENT

Launched a Rewards Page dashboard that tracks syrupUSDC and syrupUSDT DeFi opportunities and incentives.

3M ago
PARTNERSHIP

Serotonin's capital arm 5HTP holds an investment position in Maple Finance as part of its portfolio launched on 2026-01-13.

MARKET ACTIVITY

SYRUP/USD perpetual swap trading pair launched on GMX across Ethereum, Arbitrum, Base, and BNB Chain networks on January 9th, 2026.

WHALE ACTIVITY

Obex Star acquired $400 million in syrupUSDC over a six-week period ending in late December 2025.

PARTNERSHIP

Partnered with Bitwise and Cantor in 2025 to bridge institutional capital markets with onchain asset management products.