ETHFI vs SYRUP
Ether.fi and Maple Finance scored on the same 25 variables, ranked against the same 251 tokens, with every gap between them shown.
Scoring pass 18 Sept 2026. Market snapshot 7 Oct 2026.
What separates them
ETHFI scores 162 of 250 and ranks 12th of 251. SYRUP scores 168 and ranks 8th. SYRUP leads by 6 points, which is inside the range where the individual variables matter more than the total. ETHFI takes 4 of the 25 variables, SYRUP takes 8, and 13 are level.
No single variable separates ETHFI and SYRUP by as much as 3 points. They are close on the framework's terms, which makes price, liquidity and the supply position below the only grounds for choosing.
ETHFI is valued at $680.1M against $268.1M for SYRUP, a 2.5x difference. The smaller of the two scores higher on fundamentals, which is the disagreement worth understanding before either position is taken.
ETHFI trades 91.7% below its all-time high and SYRUP 64.9% below its own. Recovering the high needs 12x from ETHFI and 2.8x from SYRUP, which is the same statement read as the return each one has to produce.
All 25 variables, head to head
Both tokens were scored by the same framework in the same pass, so the numbers are directly comparable. What a comparison adds over two separate pages is the gap: a 6 against a 6 is a non-event, a 9 against a 3 is the reason to hold one and not the other.
Cash flow
| Protocol Revenue | 7 | 7 | level | |
| Revenue Trend | 7 | 7 | level | |
| P/S Multiple | 8 | 7 | ETHFI +1 | |
| Real Staking Yield | 7 | 7 | level |
Supply
| Supply Inflation | 5 | 6 | SYRUP +1 | |
| Vesting Schedule | 5 | 6 | SYRUP +1 | |
| Circulating / FDV Ratio | 7 | 9 | SYRUP +2 | |
| Buyback and Burn | 9 | 9 | level |
Ownership
| Smart Money Flows | 7 | 7 | level | |
| Insider Selling | 7 | 7 | level | |
| Holder Concentration | 5 | 5 | level |
Traction
| TVL Trend | 8 | 9 | SYRUP +1 | |
| Active Users | 6 | 5 | ETHFI +1 | |
| Developer Activity | 6 | 6 | level | |
| Network Growth | 7 | 7 | level |
Position
| Market Share | 8 | 7 | ETHFI +1 | |
| Competitive Moat | 6 | 7 | SYRUP +1 | |
| Institutional Adoption | 6 | 8 | SYRUP +2 | |
| Exchange Depth | 5 | 4 | ETHFI +1 | |
| Social Mindshare | 5 | 5 | level |
Risk
| Regulatory Safety | 6 | 6 | level | |
| Catalyst Calendar | 7 | 7 | level | |
| BTC Alpha Potential | 4 | 5 | SYRUP +1 | |
| Team Execution | 7 | 8 | SYRUP +1 | |
| Treasury Runway | 7 | 7 | level |
Bars read outward from the centre: ETHFI to the left, SYRUP to the right. The side that leads a variable is filled. Each score is 1 to 10 against the same definition applied to all 251 rated tokens.
Market and supply
| ETHFI | SYRUP | |
|---|---|---|
| Price | $0.7042 | $0.2295 |
| Market cap | $680.1M | $268.1M |
| Circulating | 96.5% | 93.8% |
| Dilution to full supply | 1.04x | 1.07x |
| Off all-time high | -91.7% | -64.9% |
| To recover the high | 12x | 2.8x |
| Total value locked | $7.80B | $2.50B |
| Network | Ethereum | Ethereum |
Price, market cap and all-time high from the CoinGecko snapshot fetched 7 Oct 2026. Supply shares are derived from circulating and eventual supply counts, which do not move with price. The 25 scores come from the research pass dated 18 Sept 2026.
Catalyst and risk on each side
ETHFI · HOLD
$50M buyback active (99% DAO approval), ETH staking ETF narrative, EtherFi Cash card
Token release to 2027, ETH price dependency, Lido competition (#1 LST)
SYRUP · HOLD
$100M ARR target 2026, 25% revenue buybacks, institutional DeFi lending leader
Credit default risk (2022 FTX/Alameda losses), Core Foundation dispute settled May 2026, ARR is projection not achieved
Common questions
- Is ETHFI or SYRUP the better investment?
- On this framework SYRUP scores higher: 168 against 162 of 250, and it is rated HOLD against HOLD. That is a ranking of fundamentals as recorded at the last scoring pass, not a price forecast, and ETHFI still wins 4 of the 25 individual variables against SYRUP.
- What is the biggest difference between ETHFI and SYRUP?
- Nothing separates them by more than 2 points on any of the 25 variables, which is unusual and means the two are close substitutes on fundamentals.
- Which is bigger, ETHFI or SYRUP?
- ETHFI is valued at $680.1M and SYRUP at $268.1M on the latest market snapshot.
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Research and analysis, not investment advice. A higher score is one framework applied consistently to 251 tokens, not a prediction that one asset will outperform the other.