Spark: Q3 Net Protocol Revenue Surpasses $4 Million, Stablecoin Swap Layer Hits Over $14 Billion in Trading Volume in Its First Month

DeFi lending protocol Spark has disclosed that its net protocol returns exceeded $4 million in the third quarter of 2026. In the first half of the year, DeFi lending spreads narrowed significantly, with lending capital profitability turning negative in the second quarter. After driving growth for Spark Savings USDT in Q3, related returns rebounded above capital costs. During the same period, Spark partnered with Uniswap and Sky to launch a stablecoin swap layer, which went live with $150 million

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