Spark Liquidity Layer (SPK)
Total Value Locked$2.296b
TVL by Chain
Ethereum$1.973b
Base$277.61m
OP Mainnet$15.26m
Arbitrum$15m
Unichain$14.98m
Avalanche$0
Key Metrics
Fees (Annualized)$146.08m
Fees 30d$11.97m
Fees 7d$2.76m
Fees 24h$511,466
Cumulative Fees$72.44m
Revenue (Annualized)$17.06m
Revenue 30d$1.4m
Revenue 7d$501,709
Revenue 24h$216,786
Cumulative Revenue$14.12m
Holders Revenue (Annualized)$0
Holders Revenue 30d$0
Holders Revenue 7d$0
Holders Revenue 24h$0
Cumulative Holders Revenue$0
Protocol Information
The Spark Liquidity Layer (SLL) automates liquidity provision of USDS, sUSDS, and USDC directly from Sky across various blockchain networks, DeFi protocols, and RWA
Category:Onchain Capital Allocator
Audits:
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubFees: Total interest earned on all loans.View code on GitHubRevenue: Fees collected minus the Sky Base Rate (vault stability fee) plus the monthly offchain rebate calculation for things like idle USDS.View code on GitHubHolders Revenue: View code on GitHubIncome Statement for Spark Liquidity Layer
| Q4 2025* | Q3 2025 | |
|---|---|---|
| Fees | $28.14m | $44.3m |
| Revenue | $3.39m | $10.73m |
| Earnings | $3.39m | $10.73m |
| Token Holder Net Income | $0 | $0 |