Maple Finance (SYRUP)SYRUP

The token of Maple Finance, an on-chain lender that makes over-collateralized loans to institutions.

Rank #179Since November 2024 (replaced MPL); Maple founded 2019

Price on 31 Oct 2026

C$0.2230 -0.0% since 31 Jul 2026 · 75.2% below its all-time high

The short version

SYRUP is the token of Maple Finance, which lends to crypto institutions against collateral and offers yield products such as syrupUSDC. Maple was founded in 2019 by Sid Powell and Joe Flanagan; SYRUP replaced the older MPL token at 100 to 1 from 13 Nov 2024. In its Q3 2026 update on 17 Oct, Maple reported about US$4.7B of assets under management. On 31 Oct 2026 one SYRUP cost C$0.2230. From 31 Jul 2026 to 31 Oct 2026 its price changed -0.0% in Canadian dollars, and it was 75.2% below its all-time high of C$0.8976 set on 25 Jun 2025.^[1]

Checked 31 Oct 2026 · 18 sources · next update about 1 Dec 2026

Price, past year

Past year: high C$0.6605 (10 Nov 2025) · low C$0.1722 (26 Jun 2026) · -63.1%^[1]

Month-end prices (table)

Date	C$	US$
31 Oct 2026	C$0.2242	US$0.1606
30 Sep 2026	C$0.3340	US$0.2346
31 Aug 2026	C$0.2401	US$0.1731
31 Jul 2026	C$0.2290	US$0.1632
30 Jun 2026	C$0.2043	US$0.1439
31 May 2026	C$0.2198	US$0.1593
30 Apr 2026	C$0.3237	US$0.2384
31 Mar 2026	C$0.2793	US$0.2009
28 Feb 2026	C$0.3263	US$0.2386
31 Jan 2026	C$0.4488	US$0.3326
31 Dec 2025	C$0.4473	US$0.3266
30 Nov 2025	C$0.3797	US$0.2707

Daily prices from CoinGecko; C$ converted at the Bank of Canada daily rate. The latest point is live when available. Past prices, not a forecast.

Choose what to see

Key facts

Price, 31 Oct 2026: C$0.2230^[1]
3-month change: -0.0% in C$ (31 Jul 2026 to 31 Oct 2026)^[1]
From its high: 75.2% below its high of C$0.8976 (25 Jun 2025)^[1]
Market rank: #179, market value about C$260.1M^[1]
Kind: Token · Ethereum (ERC-20); also on Base
Started: November 2024 (replaced MPL); Maple founded 2019

Checks: the same 9 questions for every coin

Facts, not a rating

Can an admin key create new coins?Not disclosedUpgradeable proxy contract; GoPlus reports no mint or owner details^[2]

Can anyone freeze or take coins from holders?Not disclosedUpgradeable proxy contract; GoPlus reports no blacklist or pause details^[2]

Can the token's contract code be changed?YesUpgradeable proxy contract on Ethereum^[2]

Is the supply capped?NoNo maximum supply is published; emissions can be restarted by a DAO vote^{[3, 4]}

Any scheduled unlocks in the next 12 months?NoNo scheduled unlocks; vesting ended in 2026^{[4, 5]}

Does a team or foundation hold over 10% of supply?Not disclosedSeed and team got 41.6% at launch, all unlocked; their current holdings are not published^[4]

Do network fees reach coin holders?YesMIP-021 buybacks use 10-30% of monthly revenue; bought SYRUP is held, not burned^{[6, 7]}

Main network hacked or halted in the past 2 years?NoNo exploit in DefiLlama's records; Maple's main exposure is borrower default^{[8, 9]}

Is a regulator or court case targeting the coin itself?NoNo regulator case found; the Core Foundation dispute was settled on 22 May 2026^[10]

Each answer is a fact with a source, not a score. What each check means.

Who controls it

Run by: Maple: co-founders Sid Powell (CEO) and Joe Flanagan (executive chairman); CTO Matt Collum^[11]
Governance: SYRUP holders vote on Maple Improvement Proposals, such as MIP-019 and MIP-021^{[3, 6]}
Funding: About US$18M raised since 2020, including a US$10M public token sale in Apr 2021^[12]

Supply

In circulation: 1.17B SYRUP of 1.27B in total (92.1%)^[1]
Maximum supply: None set^[1]
Fully diluted value: 1.09 times its current market value^[1]
Launch allocation: Treasury 30.0%, liquidity mining 24.4%, seed investors 21.2%, team and advisers 20.4%, public auction 4.1%^[4]
Unlocks: None scheduled; vesting finished in 2026^{[4, 5]}
New coins: Staking emissions ended under MIP-019 (Oct 2025); no maximum supply is published^[3]
Treasury: Syrup Strategic Fund held 78.2M SYRUP on 10 Oct 2026^[7]

Use and fees

Assets managed: About US$4.7B (Q3 2026); loans outstanding US$1.67B, down 9% on Q2^{[13, 14]}
Fees: US$114.3M of fees, US$14.9M of revenue and US$2.9M to holders in the past year^[15]
Buybacks: MIP-021: September 2026 bought 1,371,166 SYRUP for US$314,116; held in treasury, not burned^{[6, 7]}

Trading

Daily trading: About C$13.0M a day on average, 31 Jul 2026 to 31 Oct 2026^[1]
Daily turnover: Typically 3.57% of its market value changes hands each day^[1]
20-week average: 13.8% below its 20-week average price^[1]
1-year change: -62.8% in C$^[1]^[16]

History

Not a forecast

Coins ranked 51-200 at this point in past cycles (12-14 months after a Bitcoin peak), one year later: 4,050 cases, 612 coins

39% were higher a year later^[17]

Typical result: Median -25% after a year; 45% higher after two years
Lost half or more: 38% within a year
Against Bitcoin: 12% did better than Bitcoin over the year

History, not a forecast.

Red flags and things to watch

No red flags found

Maple posts MIP-021 buybacks monthly; September's, reported 19 Oct 2026, was about double August's 676,294 SYRUP.^[6]
Maple settled its dispute with Core Foundation over syrupBTC on 22 May 2026; terms are confidential.^[10]
Maple's 2022 lending pools lost about US$36M when the borrower Orthogonal Trading defaulted in Dec 2022.^[18]

Checked: admin keys, contract upgrades, unlocks, insider supply, hacks, legal actions and claims against records.

Sources and dates

Facts as of 31 Oct 2026. Prices from CoinGecko in Canadian and US dollars; US$ figures without a C$ price are converted at 1.3976 C$ per US$.