Financial firm Maple's locked-in value achieves a two-year peak, fueled by Syrup.fi.
In the ever-evolving world of decentralized finance (DeFi), two prominent platforms, Maple Finance and Syrup Finance, have made significant strides on the Ethereum network. As of mid-2025, the total value locked (TVL) for both platforms collectively approaches an impressive $4 billion.
Maple Finance, an institutional capital marketplace, currently boasts a TVL of approximately $2 billion. This figure is a testament to the platform's success in offering secured lending pools to institutions, with the two largest pools being High Yield Secured and Blue Chip Secured, offering annual percentage yields (APY) of 17% and 10%, respectively. Maple also provides several other lending pools, such as High Yield Secured Lending and High Yield Corporate Loan.
Maple's assets under management (AUM) recently stood at about $3.2 billion, with ambitions to reach $5 billion by late 2025. The platform enables institutional and accredited investors to lend and borrow crypto, reporting over 80 institutional users borrowing against its pools.
On the other hand, Syrup Finance, also known as Syrup.fi, has been growing rapidly since its June launch. As of August 29, Dune data reports a record aggregate TVL of over $359 million for Syrup, with Syrup's TVL at a record $83 million. This represents a significant increase from its initial TVL and a doubling since the beginning of August.
Syrup Finance allows anyone to deposit crypto and target APY of up to 15%. The platform's growth is closely tied to the developments within the Maple Finance ecosystem, including new token uses as yield-bearing collateral on Solana. However, the TVL on Ethereum is the primary focus here.
Syrup Finance's daily inflows hit a record $8 million on August 8, and the platform encourages increased user activity through a points system converting user engagement into rewards. Early users also receive drip rewards as an additional incentive.
Combining the TVL figures, Maple and Syrup Finance together have a combined TVL on Ethereum close to $4 billion as of mid-2025. This combined figure may vary slightly due to different data sources and the fluid nature of DeFi platforms, but $4 billion combined TVL is the best available estimate from current data.
DefiLlama attributes the increase in Maple's liquidity to Syrup Finance, a DeFi yield platform that unlocks institutional yield for the wider DeFi ecosystem. As such, both platforms play crucial roles in the growth and development of the DeFi space on Ethereum.
Daily news reports highlight the growth of both Maple Finance and Syrup Finance in the decentralized finance (DeFi) sector on the Ethereum network. With a combined TVL approaching $4 billion, Maple Finance, an institutional capital marketplace, manages around $3.2 billion in assets under management (AUM), while Syrup Finance, a rapidly growing platform, boasts a record TVL of over $83 million as of August 29, 2025. These platforms, namely Maple Finance and Syrup Finance, are integral to the financial investing landscape, particularly within technology-driven DeFi, contributing significantly to the overall growth and development of the DeFi space on Ethereum.
