Maple Finance has made a major comeback post-2022. AUM is up nearly 10x since January to $2.35B, with $885M in active loans. It’s now one of the largest crypto lenders.
@maplefinance 2/ The turnaround? A shift to short-term, overcollateralized loans via Maple Direct.
Revenue has followed:
– $622K in April
– $1.06M+ in May
– ~$900K already in June
3/ SYRUP, Maple’s token, has increased 3x YTD.
– $540M+ market cap
– 20% of protocol revenue goes to stakers
– 7,747 wallets hold $1+
– whale holdings up 116,000% in 90 days
4/ syrupUSDC pool hit $1.5B+ AUM. Loan originations near $8B. Borrowers include Circle and BlockTower.
Notable partners: Spark ($325M), Bitwise, Cantor Fitzgerald, Lido, Kamino.
5/ Onchain flows show mixed sentiment:
– Smart money down 83%
– Exchange balances up 96%
– Notable CEX deposits by BlockTower, Dragonfly, Maven11
6/ Maple is scaling fast, with strong revenue, growing institutional adoption, and expanding DeFi integrations.
One of the clearest post-crisis credit plays in DeFi today.
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