On July 8, Maple co-founders Sidney Powell and Joe Flanagan hosted the Q2 2026 Ecosystem Update - an earnings-format walkthrough of the quarter, the balance sheet, and where Maple is heading.
This post recaps the highlights. The full recording is embedded below.
A record first half, against a weaker market
Maple closed H1 2026 with AUM of $4.6B, up 81% year-over-year, and YTD originations of $5.4B. Loans outstanding hit an all-time high of $1.9B, up 123% YoY. Q2 revenue came in at $4.4M (+47% YoY), with ARR at $17.5M.
The backdrop makes those numbers stand out: over the same period, the broader DeFi lending market contracted 31%, while Maple grew roughly 22%. Deposits reached $2.2B, with $1.03B in net inflows, and syrupUSD outyielded major peers by 110bps.
Distribution where capital already lives
H1 also extended Maple's reach: institutional credit inside a mainstream consumer app via Robinhood Earn, an onchain warehouse facility for Kraken's OTC lending, the launch of syrupUSDG (regulated-dollar yield), and new chain integrations. The Borrower Hub – a new operating layer for onchain borrowers – onboarded its first 300 users.
Every number, now verifiable onchain
The call coincided with the launch of the Transparency Dashboard at maple.finance/transparency: a live, onchain view of financials, buybacks, SSF balances, and revenue distribution.
A new communication cadence
Maple is moving to a regular communication rhythm: a quarterly Ecosystem Update Call, a monthly Maple Memo, a monthly leadership AMA, and the ongoing Transparency Dashboard.
Coming next: MIP-021
On July 13, Maple brings MIP-021 to governance, a rules-based buyback that scales with revenue, replacing discretion with a clear trigger. Details to follow.
Watch the full Q2 2026 Ecosystem Update.
Next quarterly call: October 13, 2026. Next AMA: August 12, 2026.
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Gleb Shumakov
Editor and Community
Gleb leads editorial and community at Maple, producing content that helps institutions and onchain investors navigate digital asset lending, yield, and onchain credit markets.
