Logo of SparkLendSparkLend(SPK)

Total Value Locked$5.22b

TVL by Chain

Ethereum$5.219b

Gnosis$211,326

Key Metrics

Fees 30d$6.79m
Fees 30d by chain

Ethereum$6.79m

Gnosis$6,593

Fees 7d$1.73m

Ethereum$1.73m

Gnosis$0.60

Fees 24h$278,745

Ethereum$278,745

Gnosis$0

Cumulative Fees$189.99m

Ethereum$189.29m

Gnosis$699,922

Revenue 30d$581,086
Revenue 30d by chain

Ethereum$580,996

Gnosis$90.23

Revenue 7d$146,112

Ethereum$146,112

Gnosis$0

Revenue 24h$22,210

Ethereum$22,210

Gnosis$0

Cumulative Revenue$8.02m

Ethereum$7.97m

Gnosis$48,853

Holders Revenue 30d$707,869
Holders Revenue 30d by chain

Ethereum$707,869

Gnosis$0

Holders Revenue 7d$54,671

Ethereum$54,671

Gnosis$0

Holders Revenue 24h$10,770

Ethereum$10,770

Gnosis$0

Cumulative Holders Revenue$3.84m

Ethereum$3.84m

Gnosis$0

Collateral Liquidated 30d$464,179
Collateral Liquidated 30d by chain

Ethereum$374,487

Gnosis$89,692

Collateral Liquidated 7d$374,425

Ethereum$374,413

Gnosis$12.16

Collateral Liquidated 24h$374,408

Ethereum$374,408

Gnosis$0

Cumulative Collateral Liquidated$872,750

Ethereum$750,318

Gnosis$122,432

Staked$15.87m

Active Loans$2.724b

Protocol Information

SparkLend is a stablecoin lending market. Unlike other lending protocols where rates fluctuate based on utilization or loan size, SparkLend offers governance-defined rates that do not vary based on those factors. This is made possible by Spark’s Liquidity Layer (SLL), which supplies consistent stablecoin liquidity to the protocol

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Category:Lending

Audits:

Methodology

TVL: Counts the tokens locked in the contracts to be used as collateral to borrow or to earn yield. Borrowed coins are not counted towards the TVL, so only the coins actually locked in the contracts are counted. There's multiple reasons behind this but one of the main ones is to avoid inflating the TVL through cycled lending.View code on GitHubFees: Include borrow interest, flashloan fee, liquidation fee and penalty paid by borrowers.View code on GitHubRevenue: Amount of fees go to Spark treasury.View code on GitHubHolders Revenue: SPK tokens bought back by Spark treasury using protocol surplus.View code on GitHubCollateral Liquidated: Total USD value of collateral seized in LiquidationCall events.View code on GitHub

Yields

Pools Tracked15

Average Supply APY1.43%

User Activity

Active Addresses (24h)94

Transactions (24h)272

Competitors

Aave V3 ($17.328b)Morpho Blue ($11.157b)Hundred Finance ($71,239)Ajna V2 ($48,171)PWN ($22,266)Fuji V2 ($2,325)Maple ($2.757b)Compound V3 ($1.439b)Venus Core Pool ($1.282b)Lista Lending ($984.02m)

Frequently Asked Questions

What is SparkLend's TVL?

SparkLend currently has $5.22b in total value locked. TVL has increased 14.3% over the past 30 days.

What chains does SparkLend operate on?

SparkLend operates on 2 chains: Ethereum and Gnosis. Ethereum holds the largest share at 100%.

How much has SparkLend generated in fees and revenue?

Over the past 30 days, SparkLend generated $6.79m in fees. Of that, $581,086 was protocol revenue. Based on the trailing year, the annualized rate is $60.72m in fees and $4.3m in revenue.

How does SparkLend's TVL compare to similar protocols?

Among Lending protocols tracked by DefiLlama, SparkLend ranks #3 by TVL. The category holds $52.712b across 519 protocols, and SparkLend accounts for 9.8% of that total. Other leading protocols include Aave V3, Morpho Blue, Hundred Finance, Ajna V2, PWN, Fuji V2, Maple, Compound V3, Venus Core Pool, and Lista Lending.

How much has been borrowed through SparkLend?

SparkLend currently has $2.724b in active loans.