Spark (SPK)

Total Value Locked$8.321b

TVL by Chain

Ethereum$7.635b

Base$621.13m

Gnosis$35.81m

OP Mainnet$10m

Unichain$10m

Arbitrum$9.95m

Key Metrics

Fees (Annualized)$71.39m

Fees 30d$5.85m

Fees 7d$1.69m

Fees 24h$201,823

Cumulative Fees$109.24m

Revenue (Annualized)$6.04m

Revenue 30d$495,231

Revenue 7d$140,085

Revenue 24h$17,329

Cumulative Revenue$2.03m

Incentives (Annualized)$0

Incentives 30d$0

Incentives 7d$0

Incentives 24h$0

Cumulative Incentives$0

Earnings (Annualized)$6.04m

Earnings 30d$495,231

Earnings 7d$140,085

Earnings 24h$17,329

Cumulative Earnings$2.03m

Staked$12.57m

Borrowed$2.227b

$SPK Liquidity$1.66m

Uniswap V3$1.65m

Raydium AMM$11,025

Protocol Information

Spark is an onchain capital allocator that borrows from Sky’s $6.5B+ stablecoin reserves to deploy capital across DeFi, CeFi, and RWAs—delivering deep, scalable liquidity to the ecosystem. For users, Spark transforms this yield into accessible products like sUSDS and sUSDC, enabling seamless, fee-free access to onchain, diversified returns.

Methodology

TVL: Total value of all coins held in the smart contracts of the protocol

Fees: Interest paid by borrowersView code on GitHubRevenue: Percentage of interest going to treasuryView code on GitHub

Incentives: Tokens allocated to users through liquidity mining or incentive schemes, typically as part of governance or reward mechanisms.

Earnings: Revenue of the protocol minus the incentives distributed to users

Yields

Pools Tracked25

Average APY1.75%

View all Yields

Income Statement for Spark

Q3 2025*Q2 2025Q1 2025Q4 2024Q3 2024
Fees$5.55m$16.11m$30.37m$34.73m$22.48m
Revenue$469,061$547,180$300,434$289,403$419,516
Incentives$0$0$0$0$0
Earnings$469,061$547,180$300,434$289,403$419,516