Maple Loan Book Grows 12% as DeFi Lending Contracts 29%

TL;DR Maple Finance ended Q3 with $1.7 billion in loans outstanding, up 12% year over year, while tracked DeFi lending contracted 29% since January. Quarterly revenue reached $4.4 million and year-to-date originations hit $8.3 billion, although outstanding loans fell 9% from Q2, showing growth was uneven. Maple also expanded syrup products and buybacks while pursuing fintech receivables and lending against rated securities, with future growth targets remaining forward-looking for coming quarters. Maple Finance ended the third quarter with $1.7 billion in loans outstanding, up 12% year over year even as the broader DeFi lending market contracted. Its Q3 Ecosystem Update said the loan book had grown 3% since January while tracked DeFi lending fell 29%, lifting Maple’s share of tracked outstanding loans to 17%.

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