Maple Finance has seen a significant spike in its performance, achieving a record monthly protocol revenue of approximately $2.16 million in October. This marks a notable increase compared to its previous months, reflecting a positive trend in the platform’s growth. Investors quickly responded to this development, pushing the price of its SYRUP token up by 12%. The circulating supply of SYRUP is roughly 1.21 billion, with its price hovering around $0.4222 at the time of writing.
This growth trajectory comes after months of steady improvement for the decentralized credit-markets protocol, which has been gaining traction in the DeFi space since its launch. From an initial $100,000 in revenue in February last year, the protocol’s monthly revenue crossed the $1 million mark in May 2025. The latest surge in earnings suggests that more institutions are utilizing Maple’s lending services, likely due to an increase in loan issuance, better operational efficiency, and possibly more favorable market conditions.
Expansion and Evolution of Maple Finance
Maple Finance’s strategy for expansion has also played a crucial role in its rising revenue. Earlier this year, the platform expanded to the Solana network and deployed its yield-bearing stablecoin, syrupUSD, with initial liquidity of around $30 million. This move reflects the protocol’s commitment to broadening its market reach and enhancing its liquidity pools.
Moreover, Maple introduced the option for institutional borrowers to use restaked cryptocurrencies as collateral, including EtherFi’s weETH token, which has likely attracted more participants to its lending services. Maple has also partnered with Aave, a leading decentralized lending platform, to offer institutional-grade loan options for large financial entities.
The protocol’s growth is further supported by its proposal to increase the percentage of fee income used to buy back SYRUP tokens from 20% to 25%, as part of an effort to support the token’s value and boost investor confidence.
This continuous evolution of Maple Finance not only highlights its success in attracting institutional interest but also underscores its potential to shift away from speculative DeFi yield models. By emphasizing sustainable income-generating activities, it is positioning itself to become a more robust and traditional lending business in the crypto space.