Upbit Lists Maple Finance SYRUP HUMA Tokens July 25 Trading Volume Surges $800M Driven by Listing

Upbit, South Korea’s largest cryptocurrency exchange, has listed Maple Finance’s SYRUP token and Huma Finance’s HUMA token on its platform, marking a significant step in expanding its decentralized finance (DeFi) offerings. The launch, effective July 25, 2025, introduced KRW, BTC, and USDT trading pairs for both tokens, with HUMA deposits and withdrawals limited to the Solana network [1]. The exchange implemented temporary price controls to ensure orderly trading during the initial phase of the listing. This move aligns with Upbit’s broader strategy to diversify its trading pairs and cater to growing demand for DeFi-related assets.

The immediate market response was notable. SYRUP’s trading volume surged past $800 million shortly after the listing, reflecting strong investor appetite. Analysts attribute this to increased liquidity and the tokens’ potential to attract institutional interest. The inclusion of these assets on Upbit—a market leader in South Korea—has positioned them for broader adoption, potentially amplifying their role in the DeFi ecosystem. The increased activity also underscores the exchange’s influence in shaping market dynamics for emerging tokens.

The listings could catalyze a shift in regional and global DeFi trends. South Korea’s crypto market, historically cautious, has shown renewed interest in innovative financial instruments, with this listing serving as a case study for regulatory frameworks. Experts note that Upbit’s action may encourage other regional exchanges to follow suit, fostering a competitive environment for DeFi projects. However, regulatory scrutiny remains a key factor, as authorities in the region monitor developments to balance innovation with investor protection.

Maple Finance and Huma Finance’s valuations and use cases add to their appeal. Maple Finance, which facilitates overcollateralized lending, has seen its total value locked (TVL) rise, while Huma Finance aims to streamline yield generation through algorithmic mechanisms. Their performance on Upbit could signal broader acceptance of niche DeFi protocols, particularly those addressing liquidity and risk management in crypto markets. The surge in SYRUP’s trading volume, coupled with Maple Finance’s reported valuation of $710 million, highlights the potential for DeFi platforms to achieve corporate-scale operations within the crypto sector.

Upbit’s decision to list SYRUP and HUMA also reflects its role as a gatekeeper for retail and institutional investors. By offering these tokens alongside major fiat and crypto pairs, the exchange enables portfolio diversification and access to emerging DeFi strategies. However, the tokens’ long-term success will depend on factors such as protocol governance, real-world utility, and macroeconomic conditions affecting crypto markets. For now, the listing underscores the evolving interplay between centralized exchanges and decentralized protocols, with Upbit leveraging its market dominance to drive adoption.

Source: [1] [Upbit Lists Maple Finance and Huma Finance Tokens](https://coinmarketcap.com/community/articles/6883d2ffa921482b9c251210/)