$SOL solana on the screen of an exchange. (SOL) solana price stocks, $SOL on a device.

$SOL on a device. Source: maurice norbert - stock.adobe.com

Key Takeaways:

Maple Finance launched its syrupUSD yield-bearing stablecoin on Solana via Kamino and Orca, backed by $30 million in liquidity.
The cross-chain move is powered by Chainlink’s CCIP, enabling seamless Ethereum-Solana interoperability.
Solana’s DeFi TVL has surged to $8.4 billion, with Maple entering a growing but competitive lending market.

Maple Finance has launched its syrupUSD yield-bearing stablecoin on the Solana blockchain, marking a major step in its cross-chain expansion.

Previously available only on Ethereum, syrupUSD is now live on Solana-based platforms Kamino and Orca.

syrupUSDC is live on Solana.

With DeFi use cases on day one and up to $500K in incentives.

Launched in collaboration with @chainlink, @KaminoFinance, @Paxos, @jito_sol and @orca_so.

Maple’s liquid yielding dollar is bringing consistent high yield to the ecosystem.

Details… pic.twitter.com/Yv2l7pJnKS
— Maple (@maplefinance) June 5, 2025

The move, announced on June 5, is backed by $30 million in liquidity to support lending, trading, and collateral services on Solana.

This integration is powered by Chainlink’s Cross-Chain Interoperability Protocol (CCIP), which enables seamless data and asset transfers between Ethereum and Solana environments.

Sid Powell, Maple’s co-founder and CEO, emphasized Solana’s high-speed, high-capacity infrastructure as key to reaching a broader DeFi audience.

Solana’s decentralized finance ecosystem has experienced rapid growth, with total value locked (TVL) surging from $1.4 billion in December 2023 to $8.4 billion as of June 2025.

Maple, now holding $1.3 billion in TVL, enters a competitive space alongside platforms like Save, margin.fi, Rain.fi, and Port Finance.

While Solana gains momentum, Ethereum still leads the DeFi market with $61.4 billion in TVL, though it faces growing pressure from faster, lower-cost networks.