Spark: Q3 Net Protocol Revenue Exceeds $4 Million, Stablecoin Swap Layer's First-Month Trading Volume Surpasses $14 Billion

BlockBeats news, October 14: DeFi lending protocol Spark disclosed that net protocol returns exceeded $4 million in Q3 2026. In the first half of the year, DeFi lending spreads narrowed significantly, and the profit margin on lent funds turned negative in Q2; in Q3, after driving the growth of Spark Savings USDT, related returns rose back above the cost of funds. During the same period, Spark partnered with Uniswap and Sky to launch a stablecoin swap layer, starting with $150 million in USDS liquidity, providing stablecoin swaps to banks, fintechs, and payment companies, with first-month trading volume exceeding $14 billion.