Maple Finance achieved a significant milestone, in part due to the growth of stablecoins that pay a return.
Maple Finance (SYRUP) Over the past few months, the value of the token has increased significantly. SYRUP rose 25% on April 16th, hitting a new daily high at $0.1419 before stabilizing to $0.131.
Price spikes were triggered by a significant milestone reached for the platform. It had locked in $1 billion worth of value. Dune Analytics data shows that platform TVL’s value has doubled from January when it was hovering around $450.
This was mostly due to growth in stablecoins that pay a yield, and its secured high-yield lending product. Syrup USDC has grown from its January supply of $123 to the current $391.
Since January, Syrup USDC has seen a sharp increase in lending. The token’s value was near equal to that of SyrupUSDT, Tether’s version yield-bearing stabilitycoin. Syrup USDC is the leader today, having $183 millions in outstanding loans compared to $20 million by Syrup USDT.
USDC dominates the market
These stablecoins allow retail users to gain access to the Maple Finance platform yield by lending to institutions. Platform focuses on lending to institutions that have a good reputation, and offers them rates manually set.
Maple Finance Bitcoin-linked yield product Since its launch in early January, the company has seen significant growth. This product allows Bitcoin holders to make a profit on the Bitcoin they have held. It has a TVL worth $75 million.
The revenue from protocol has decreased since January, despite the increase in TVL platform. The revenue fell from $409 628 in January 2025 to $370 860 in March.
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Source: crypto.news
