Crypto
SparkLend Surpasses 600k ETH in Deposits, a New All-Time High
SparkLend has set a new all-time high for deposits, holding over 600,000 ETH as of mid-September 2026. This milestone marks a significant increase from the 380,000 ETH held in late April 2026.
The platform's total market size stands at $7.39 billion, with a total value locked (TVL) nearing $4.96 billion. Active loans on SparkLend total around $2.4 billion.
Large holders, or whales, have been instrumental in the growth of SparkLend, contributing approximately 88,320 ETH over the past six months.
The protocol's focus on Ethereum and its narrow collateral set may be contributing to its success, as investors increasingly seek conservative DeFi options following recent incidents affecting competitor platforms.