Maple Finance Rises 65% Following Support from Binance and Grayscale

Maple Finance’s SYRUP token jumped 65% following its Binance debut. SYRUPUSDT might surpass $0.40. Grayscale Research has also shown price floor for the project, emphasizing its importance in developing infrastructure essential for onchain markets.

DeFi tokens such as Lido, Hype, and Uniswap are still facing challenges in gaining traction, experiencing losses within the last 24 hours. Their performance mirrors the overall difficulties within trustless swapping, locking tokens, and yield farming, and the crypto market overall. While Lido is currently lagging, not every DeFi crypto token is suffering significant declines.

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Maple Finance Rises After Listing on Binance

Maple Finance, a Decentralized finance platform on Solana and Ethereum, is attracting attention.

Yesterday, its native token, SYRUP, soared by 50%, culminating in a 65% increase, establishing it as one of the top cryptos to consider buying in May 2025.

(Source)

Savvy investors can take advantage of this spike, with the potential for additional gains in the near future.

This surge follows a significant month for Maple Finance.

Just yesterday, Binance, the largest cryptocurrency trading protocol globally by user count and volume, announced the identification of three tokens, including SYRUP, under a seed tag.

Trading for $SYRUP is now live on @Binance.

DeFi’s largest asset manager meets crypto’s largest exchange. pic.twitter.com/ftAEe8EmPY

— Maple (@maplefinance) May 6, 2025

The crypto token was traded alongside USDT and USDC, which are among the most liquid stablecoins. The “seed tag” suggests that this crypto token is a high-risk, high-reward investment due to its potential nature.

Trading commenced on May 6 at 15:00 UTC, and the community’s reaction was swift.

Unlike certain assets that decline due to profit-taking by VCs or early participants, SYRUP holders chose to retain their holdings, propelling prices up in anticipation of substantial profits.

This rise was expected, as past Binance listings of small-cap, high-potential projects typically increase visibility, liquidity, and access for countless global retail investors. Some of the top meme coins on Solana have surged post-listing on the trading platform. As of May 2025, Binance had more than 250 million users.

On Kraken, the SYRUP/USD price jumped to nearly $0.30 before retracting.

(SYRUPUSDT)

This surge propelled the token out of a stagnation phase that had been in place since early 2025, paving the way for potential gains that might see SYRUP exceed $0.40 in the upcoming sessions.

TVL Increases as Grayscale Backs SYRUP

If the uptrend trend continues, SYRUP could maintain its upward trajectory, drawing in more investment, enhancing its crypto market valuation, and augmenting total value locked (TVL).

As per DeFiLlama, the TVL for Maple Finance is over $750 million.

(Source)

Remarkably, its TVL has been on a stable upward trajectory, increasing by more than 15X in the previous year.

This TVL growth stands in stark contrast to the wider DeFi trading market, where total TVL has decreased to nearly $98 billion over the past four months. During the peak of the last bullish cycle, DeFi’s TVL hit $133 billion, although this remains below the $176 billion observed in early 2022.

The robust TVL positions SYRUP as a standout, capturing the interest of traders and even institutional players keen on harnessing its appeal.

Earlier this month, Grayscale Research included SYRUP in its Top 20 Digital Assets ranking, affirming Maple Finance’s recognition.

(Source)

This listing underscores the protocol’s contribution to enhancing on-chain capital trading market infrastructure and indicates Grayscale’s faith in its core principles, adoption, and strategic design.

Moreover, Maple Finance was invited to join the upcoming United States SEC roundtable discussion on tokenization, which is scheduled for May 12.

Sid Powell, the CEO, shared on X that he was “thrilled” to attend as it signifies “recognition of their leadership in the tokenization and RWA domain.”

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