Toking Maple Finance continued its strong rally and reached the highest level since November last year as his assets and reimbursement revenues increased.
Maple (syrup) jumped to a highlight of $ 0.3490, an increase of 287% compared to the lowest level this year, which brought its market capitalization to $ 374 million. The rally came in a large volume environment, with 24-hour trade volume rises to $ 150 million.
Syrup -token jumped when the total value in his network jumped to a record high $ 1.17 billionhigher than the low of $ 250 million. This version makes it one of the best performing players in decentralized finances.
The growth has translated into higher network income. According to Token Centerminal, the protocol generated more than $ 600,000 in income in April, almost double the figure from the last month.
Moreover, the amount of active loans on Maple has risen to a record of $ 692 million, a sharp increase of $ 250 million at the start of the year.
The price of the syrup has also benefited from new exchange reports in recent months. It became available on Thursday at Dydx, one of the leading decentralized fairs. Earlier this month it was also mentioned earlier this month on Binance and Bitget.
Maple Finance is building a decentralized platform where verified lenders offer capital to institutions. The blue-chip secure loan pool lends USDC, overcollateralized by Bitcoin (BTC) and Ethereum (ETH). The secure high yield offers the same service, but is overcollateralized by BTC, ETH and Liquid Altcoins.
Maple also launched the BTC yield product with which Bitcoin holders can achieve a return on their assets.
Siro -prize analysis
The eight -hour graph shows that syrup has been in a strong upward trend and MAPLE has placed a growing force in Defi. The Token recently broke above a key resistance level at $ 0.1930 – the March high – supported it.
Maple Finance token remains above the exponential advancing average of 50 periods, a sign that bulls are under control. However, there are signs that it has become overbought because the relative strength index has moved to 75.
As such, the most likely scenario in the short term is a withdrawal to the support level of $ 0.20, followed by a potential continuation of the wider bullish trend.
