The native token of Maple Finance, SYRUP, surged over 15% in 24 hours, ranking third among top 200 cryptocurrencies by market cap. The rally is attributed to the rapid expansion of the platform’s stablecoin, syrupUSDC, which saw its monthly asset transfer volume more than double to nearly $5 billion. This growth in DeFi activity fueled a rise in network fees and revenue, propelling SYRUP’s price as it approached a key technical resistance level.
The Maple Finance token SYRUP gained more than 15% in a single day. It was the third-largest gainer among the top 200 cryptocurrencies by market capitalization.
The expansion of its DeFi activity into stablecoins, specifically syrupUSDC, drove the rally. Data shows that syrupUSDC’s monthly asset transfer volume doubled from $2.1 billion to nearly $5 billion in late January 2026.
While syrupUSDC’s trading volume doubled, the trading volume of the native SYRUP token declined by 33%. “This showed that participants preferred SYRUP’s USDC stablecoin amid a general bearish crypto market,” as noted.
Active loans on the platform grew by 8.4% to around $2.4 billion, with 70% originating from the stablecoin. Loans through syrupUSDC specifically jumped 30.5% to approximately $1.7 billion.
The number of syrupUSDC holders grew by 4.8% to 6,900 in its first month. Daily senders of the stablecoin also increased by 17% to around 4,420, indicating growing traction.
Total Value Locked (TVL) on the platform grew by 21% to $3.2 billion. Monthly fees and revenue each rose by more than 55%, reaching $10 million and $1.1 million respectively.
On the charts, SYRUP has been trading in a descending trend channel since January 12th. The price was bouncing off the middle of the channel and approaching the upper resistance as of the report.
The analysis stated, “Combining the network activity with the technical setup, it appeared that SYRUP could break past the trendline resistance.” A breach of the $0.24 level could see the price target the $0.28 to $0.30 zone.
