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Maple

MPL

Price
$4.53
12/8/2022, 10:29:05 AM
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Market

Market stats

Market cap

$19.8M

Volume (24h)

$1.6M

Circulating supply

4.4M MPL

Typical hold time

4 days

Trading activity

Not enough data

Popularity

#180

All time high

$68.32

Price change (1h)

+0.67%

Price change (24h)

-1.96%

Price change (7d)

-32.63%

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Maple is on the decline this week.

The price of Maple has fallen by 32.63% in the past 7 days. The price declined by 1.96% in the last 24 hours. In just the past hour, the price grew by 0.67%. The current price is $4.53 per MPL. Maple is 93.38% below the all time high of $68.32.

The current circulating supply is 4,417,985.588 MPL.

About

MPL is an Ethereum token that powers Maple, a protocol that enables undercollateralized loans for institutional borrowers. MPL can be use to participate in governance, earn fees, and stake to lending pools.

What Is Maple (MPL)?

Maple Finance is an institutional capital market powered by blockchain technology. According to its whitepaper, Maple Finance's mission is to redefine capital markets through digital assets. Maple aims to boost the digital economy by providing under collateralized loans to institutional borrowers and income opportunities to lenders.

Maple provides borrowers with transparent and efficient financing that takes place on-chain. On-chain transactions are cryptocurrency transactions that take place on the blockchain, the validity of which still depends on the state of the blockchain. For lenders, Maple offers a sustainable source of income by lending to a diverse pool of crypto institutions. Pool representatives who manage these pools do their due diligence and then enter into further terms with borrowers.

The three primary features of Maple are: 

  1. Scalability: Users can access funds efficiently. As borrowers build their track records and expand their businesses, loan opportunities also increase.

  2. Sustainability: Sustainability leads to DeFi yields from a profitable and stable diversified pool of accredited borrowers. It also ensures that default risk is mitigated through protective capital reserves.

  3. Security: The platform is audited by multiple third-party companies and secured with smart contract insurance.

MPL is the governance token of the Maple protocol. MPL tokens enable holders to participate in governance, earn fees, and stake in lending pools. MPL inherits the Maple Leaf Treasury's ERC-20 token standard for standard token behavior and the ERC-2222 token standard for USDC profit distribution.

As the Maple protocol moves towards complete decentralization, MPL holders are responsible for governance. MPL holders can vote on proposed changes to the protocol, including adjusting fees, minting or burning MPL tokens, and other protocol-level changes. Cryptocurrency burning is when a fraction of tokens are sent to a wallet with no private key. This means the tokens are lost forever. Tokens are usually burnt to reduce availability and increase market value. If MPL holders do not want to participate in governance themselves, they can delegate their voting rights. MPL holders can also vote on the use of fees already charged to the Treasury.

History of Maple Finance (MPL) 

The Maple team comprises James Baulcomb, the head of talent acquisition; Erick Dagenais, the smart contract engineer; and Joe Flanagan, the co-founder of Maple. Some other team members include Daniel Kim, the head of capital markets; Mack Macke, the sales operations representative; Quinn Thompson, the head of growth; and Jack Casey, the software engineer.

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FAQ

What is the current price of Maple?

The price of 1 Maple currently costs $4.53.

What is the market cap of Maple?

The current market cap of Maple is $19.81M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Maple?

The all-time high of Maple is $68.32. This all-time high is highest price paid for Maple since it was launched.

What is the 24 hour trading volume of Maple?

Over the last 24 hours, the trading volume of Maple is $1.60M.

What other assets are similar to Maple?

Assets that have a similar market cap to Maple include Streamr, Burger Swap, GMT Token, and many others. To see a full list, see our comparable market cap assets.

How many Maple are there?

The current circulating supply of Maple is 4.4 million.

What is the typical holding time of Maple?

The median time that Coinbase customers hold Maple before selling it or sending it to another account or address is 4 days.

What is the relative popularity of Maple?

Maple ranks 175 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Maple?

Currently, 88% of Coinbase users are buying Maple. In other words, 88% of Coinbase customers have increased their net position in Maple over the past 24 hours through trading.