First Month Trading Volume Surpasses $14 Billion, Spark's Q3 Net Protocol Return Exceeds $4 Million

Odaily News: DeFi lending protocol Spark has disclosed that its net protocol return for Q3 2026 exceeded $4 million. In the first half of the year, DeFi lending spreads narrowed significantly, and the profitability of lent funds turned negative in Q2. After driving the growth of Spark Savings USDT in Q3, the related returns came back above the cost of capital. During the same period, Spark partnered with Uniswap and Sky to launch a stablecoin swap layer, initiating with $150 million in USDS liquidity, providing stablecoin swaps for banks, fintechs, and payment companies, with first-month trading volume exceeding $14 billion.