Maple Finance Surges 65% Following Endorsements from Binance and Grayscale
The SYRUP token of Maple Finance has seen a significant price increase after being listed on Binance and receiving support from Grayscale Research, which emphasizes its pivotal role in on-chain market infrastructure.
Maple Finance’s SYRUP token soared by 65% after being newly listed on Binance. Current estimates suggest SYRUPUSDT could potentially surpass $0.40. Moreover, Grayscale Research has positively acknowledged the project, pointing out its importance in developing vital infrastructure for on-chain markets.
DeFi tokens, including Lido, Hype, and Uniswap, are facing significant challenges, which is reflected in their declining performance over the past 24 hours. Nonetheless, Maple Finance is not experiencing the same headwinds due to its recent positive developments.
Key Highlights:
- Significant Price Surge: SYRUP token increased by 50% yesterday and the total rise stands at 65%.
- Binance Listing: The listing, announced on May 6, marked the trading start for SYRUP, paired with USDT and USDC.
“Trading for $SYRUP is now live on @Binance.” - Maple (@maplefinance), May 6, 2025
- Strategic Endorsements: Grayscale Research included SYRUP in its Top 20 Digital Assets, providing key validation for Maple Finance.
As investors remain bullish, there are indications of continued upward momentum for SYRUP, which could boost its market cap and overall liquidity. Currently, the total value locked (TVL) in Maple Finance stands impressively above $750 million, despite the overall DeFi market experiencing declines.
Overall, the past month has proven highly pivotal for Maple Finance as it continues to receive recognition for its role in decentralized finance.
