Maple’s team is targeting $100M ARR by the end of 2026, which makes $SYRUP quite attractive at a $300M valuation.
Any team can set ambitious goals and miss them, but @maplefinance actually overdelivered in 2025. They started the year with around $400M AuM and are ending it just under $5B, more than a 10x increase, beating their initial $4B target. Early in 2025, very few believed they could do it. GLC did.
They currently allocate 25% of revenue to buying back $SYRUP, based on today’s profit margin, which should expand as the business continues to scale.
If we assume a realistic 25–35% buyback rate by end of 2026, and the team reaches their $100M ARR target (a 3.5 to 4x increase from current ARR), this would imply a forward P/E of 8.5 to 12.
That corresponds to an implied 8.3% to 11.7% annual buyback rate, for a business that grew 10x in 2025 and is projected by the team to grow 4x in 2026.
And that’s only looking at the year ahead. We could extend the analysis to 5-year projections, but in our view Maple offers one of the best R/R profiles among investable digital assets, and there are very, very few truly investable assets in this space.
It’s also worth noting that Maple has no meaningful equity layer. Everyone owns tokens, value accrues directly to the token and the team has been extremely transparent about their long-term intentions: the ticker is $SYRUP.
If you want to learn more about $SYRUP, you’ll find plenty of resources at the link below.
@Crypto_McKenna and @AustinBarack are also great follows if you want to understand everything related to Maple.
We're biased as we work with Maple and own $SYRUP: NFA.
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🔥 LATEST: PayPal's PYUSD expands to Abstract, Aptos, Avalanche, Ink, Sei, Stable, and Tron through LayerZero's Stargate Hydra, bringing global distribution and interoperability across 9 blockchains with existing versions upgrading to PYUSD0.
Stablecoins are the backbone of onchain finance.
Today, we’re proud to announce our partnership with @PlasmaFDN.
To mark the moment, we’re launching a syrupUSDT vault with exclusive XPL rewards.
Details below 👇
$SYRUP TVL: $3.49B | FDV: $528M
$ONDO TVL: $1.37B | FDV: $10.1B
BlackRock BUIDL TVL: $2.37B
Maple is closing in on ONDO + BUIDL’s combined $3.74B TVL… but trades at 1/20th ONDO’s valuation.
When the gap closes, so will the price disconnect.