From Cointelegraph

June 5, 2025 6:13:00 pm:

Lending platform Maple Finance is launching on the Solana network, expanding its reach. The company is introducing its syrupUSD stablecoin on Solana-based platforms Kamino and Orca with $30 million in liquidity to support lending, trading, and collateral provision. The integration utilizes Chainlink’s Interoperability Protocol to transfer data between Ethereum and Solana, enabling cost-effective scaling. Solana’s TVL has surged 500% to $8.4 million in 18 months, attracting a growing DeFi ecosystem. Maple will compete with lending protocols like Save, margin.fi, Rain.fi, and Port Finance, with Maple currently holding a TVL of $1.3 billion. Ethereum remains the top blockchain for DeFi with $61.4 billion in assets, despite facing competition from other chains like Solana.

Read more at Cointelegraph: Maple Expands to Solana, Brings Yield-Bearing Stablecoin