Maple Finance Surges 25% Following Milestone of $1 Billion in Total Value Locked
Decentralized lending protocol Maple Finance has experienced a significant 25% price appreciation as its platform achieves a major milestone by surpassing $1 billion in Total Value Locked (TVL). This growth reflects increasing institutional and retail confidence in its structured credit solutions, positioning Maple as a key player in the DeFi lending space. The platform’s performance comes amid broader market recovery, with analysts noting its risk-managed approach to underwriting as a competitive advantage.
Growth in Maple Finance TVL, by asset | Source: Dune Analytics
This growth was largely due to the growth of its yield-bearing stablecoins, as well as its high-yield secured lending product. Notably, Syrup USDC went from a $123 million supply in January to its current supply of $391 million.
At the same time, lending in Syrup USDC rose sharply since January. At the time, the token was at NEAR parity with Syrup USDT, Tether’s version of the yield-bearing stablecoin. Since then, Syrup USDC has achieved dominance, with $183 million in outstanding loans, compared to just $20 million for Syrup USDT.
USDC achieves dominance in the market
Both of these stablecoins offer retail users a way to access the platform yield that Maple Finance achieves through lending to institutional investors. The platform focuses on institutions with known reputations, offering them loans at manually priced rates.
Maple Finance’s Bitcoin-linked yield product has also achieved significant growth since its launch in January. This product, which enables users to earn yield on their held Bitcoin, reached a TVL of $75 million.
Despite the growth in platform TVL, protocol revenue has been down since January. Revenue fell from $409,628 in January to $370,860 in March 2025.
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