Logo of Spark Liquidity LayerSpark Liquidity Layer(SPK)

Total Value Locked$2.672b

TVL by Chain

Ethereum$2.302b

Base$358.89m

Arbitrum$10m

OP Mainnet$990,030

Unichain$28,631

Robinhood Chain$916.61

Avalanche$0.16

X Layer$0

Key Metrics

Fees 30d$11.39m
Fees 30d by chain

Ethereum$11.39m

Fees 7d$2.7m

Ethereum$2.7m

Fees 24h$348,675

Ethereum$348,675

Cumulative Fees$192.23m

Ethereum$192.23m

Revenue 30d$462,523
Revenue 30d by chain

Ethereum$471,439

Revenue 7d$90,484

Ethereum$99,400

Revenue 24h-$4,536

Ethereum$0

Cumulative Revenue$16.7m

Ethereum$18.98m

Holders Revenue 30d$0
Holders Revenue 30d by chain

Ethereum$0

Holders Revenue 7d$0

Ethereum$0

Holders Revenue 24h$0

Ethereum$0

Cumulative Holders Revenue$0

Ethereum$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

WebsiteX/Twitter
Category:Onchain Capital Allocator

Audits:

Methodology

TVL: Counts the assets held by the Spark Liquidity Layer allocators (ALM Proxy, freezable ALM Proxy and PSM3) on each chain. Sky-minted USDS, sUSDS and DAI are excluded, and their SparkLend and Morpho positions are counted only to the extent third parties have borrowed against them; other supplied assets such as PYUSD, USDT and USDC are counted in full. spWETH is excluded as it backs Spark Savings ETH, which is counted under spark-savings. The Anchorage custody allocation is sourced off-chain.View 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 GitHub

Competitors

Lagoon ($155.34m)Fusion by IPOR ($75.72m)D2 Finance ($29.08m)Rigoblock ($70,497)Veda ($1.844b)Grove Finance ($1.152b)Aera V3 ($168.16m)Spectra MetaVaults ($6.73m)Spectra MetaVaults Outside V2 ($5.14m)Mitosis ($1.34m)

Frequently Asked Questions

What is Spark Liquidity Layer's TVL?

Spark Liquidity Layer currently has $2.672b in total value locked. TVL has increased 12.3% over the past 30 days.

What chains does Spark Liquidity Layer operate on?

Spark Liquidity Layer operates on 8 chains: Ethereum, Base, Arbitrum, OP Mainnet, and Unichain and 3 others. Ethereum holds the largest share at 86.2%.

How much has Spark Liquidity Layer generated in fees and revenue?

Over the past 30 days, Spark Liquidity Layer generated $11.39m in fees. Of that, $462,523 was protocol revenue. Based on the trailing year, the annualized rate is $130.19m in fees and $5.84m in revenue.

How does Spark Liquidity Layer's TVL compare to similar protocols?

Among Onchain Capital Allocator protocols tracked by DefiLlama, Spark Liquidity Layer ranks #1 by TVL. The category holds $9.162b across 85 protocols, and Spark Liquidity Layer accounts for 29.2% of that total. Other leading protocols include Lagoon, Fusion by IPOR, D2 Finance, Rigoblock, Veda, Grove Finance, Aera V3, Spectra MetaVaults, Spectra MetaVaults Outside V2, and Mitosis.