Crypto Lender Becomes First Credit Shop to Expand on Solana M | Bitcoin Crypto Expert

Crypto Lender Becomes First Credit Shop to Expand on Solana

Maple’s product primarily targets institutional lenders, including individuals, aiming to allocate otherwise “idle” capital to a “diversified” liquidity pool, according to a statement Monday. The protocol also said it has become the only multichain capital markets solution in the industry.

Following its recent, fast expansion onto the Ethereum blockchain, Maple said it was hoping to capture a portion of the “massive financing needs” of the Solana ecosystem. Mounting ether gas fees (fees to power network transactions), as well as Solana’s high number of big-money investors, have helped drive Maple’s expansion to seek alternatives, it said.