Maple Finance (SYRUP) Jumps 33% Following Upbit’s Listing

Maple Finance’s native token, SYRUP, has experienced a significant surge, climbing over 33% in the past 24 hours. The rally coincides with its recent listing on Upbit, one of South Korea’s premier cryptocurrency exchanges. 

Maple Finance is a decentralized finance (DeFi) lending marketplace built for institutional and professional users. The protocol is designed to bridge traditional credit markets with blockchain infrastructure by offering institutional-grade loans and on-chain transparency. 

Upbit Listing Fuels Price Surge

Despite a general downturn in the cryptocurrency market, with Bitcoin dropping below $116,000, SYRUP has defied the trend. The token reached a high of $0.614 before settling slightly lower. As of the latest data, SYRUP is trading at $0.5675, reflecting a 14.7% increase. 

Additionally, the token’s 24-hour trading volume saw an impressive 364.20% surge to over $771 million, representing a notable increase in market activity. With a market cap exceeding $708 million, SYRUP has risen by 32.30% in the last 7 days, outperforming the global cryptocurrency market. 

The surge was triggered by SYRUP’s listing on Upbit. In an official announcement on Thursday, the exchange disclosed trading support for the token. Trading opened at 06:00 UTC with KRW, BTC, and Tether (USDT) pairs. Deposits should be made through the Ethereum network, as using unsupported networks may result in delays in returning the funds. 

Upbit’s decision to list SYRUP comes as part of its broader strategy to diversify its crypto offerings to meet the needs of its customers. This support expands liquidity and opens the door for more retail and institutional investors. Notably, Upbit’s latest move follows earlier listings on Coinbase and Binance. 

Market Performance

Interestingly, apart from the boost from Upbit’s listing, certain developments in the protocol have contributed to the bullish trend. Maple Finance has proposed increasing its token buyback allocation from 20% to 25% of protocol revenue. This move aims to reduce the circulating supply and enhance the token value. 

Furthermore, whales and institutional investors have been accumulating the asset, with smart money holdings reaching 17.53 million tokens. This accumulation indicates strong confidence in the token’s future prospects.  According to Maple Finance’s Q2 2025 report, the platform posted exceptional growth. SyrupUSD assets under management soared 460% quarter‑on‑quarter to reach $1.87 billion, while its DeFi supply climbed to $790 million. 

The report also highlights ongoing shifts by professional allocators towards Maple. Notably, the Bitcoin Yield product attracted over $180 million in new capital and currently offers a yield of about 5.2%. Meanwhile, other flagship offerings such as the High Yield and Blue Chip funds continued to see asset inflows throughout the quarter. 

Maple Finance has revised its year‑end goal to reach $5 billion in assets under management (AUM). The platform also plans to roll out a suite of new on-chain structured products later this year to complement its existing yield-generating offerings. 

Meanwhile, current market data shows that Maple Finance overtook BlackRock’s BUIDL fund in AUM. The protocol saw a significant institutional flow taking its total assets under management (AUM) to approximately $2.9 billion. In contrast, BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) attracted $2.3 billion in AUM, trailing Maple in the on-chain asset management race. 

Overall, Maple Finance’s SYRUP has demonstrated remarkable resilience and growth potential, driven by increased market exposure and strategic initiatives.