Crypto
SparkLend Defies DeFi Downturn with Record Q2 Returns
SparkLend's growth in Q2 2026 bucked the trend of declining borrowing demand across DeFi, reporting over $40.6 million in gross returns and $4.31 million in net returns for the quarter.
The protocol's supplied assets reached $6.8 billion as of mid-to-late August 2026, with more than $3 billion in wrapped staked ETH accounting for roughly 62% of the total supply base.
USDS borrowing saw a 35.9% increase over a single 30-day period, climbing from $421.7 million to $573.5 million, while stablecoin activity showed similar momentum with USDT balances nearly doubling in Q2.