Logo of Spark Liquidity LayerSpark Liquidity Layer(SPK)

Total Value Locked$2.611b

TVL by Chain

Ethereum$2.283b

Base$317.16m

Arbitrum$10m

OP Mainnet$948,478

Unichain$17,025

Robinhood Chain$1,181

Avalanche$0.16

X Layer$0

Key Metrics

Fees 30d$8.56m
Fees 30d by chain

Ethereum$8.56m

Fees 7d$2.36m

Ethereum$2.36m

Fees 24h$327,828

Ethereum$327,828

Cumulative Fees$178.05m

Ethereum$178.05m

Revenue 30d-$555,500
Revenue 30d by chain

Ethereum$161,681

Revenue 7d-$239,903

Ethereum$25,480

Revenue 24h-$46,482

Ethereum$0

Cumulative Revenue$20.07m

Ethereum$22.92m

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 ($155.69m)D2 Finance ($28.82m)Rigoblock ($204,476)Veda ($1.914b)Grove Finance ($1.291b)Aera V3 ($191.89m)Spectra MetaVaults ($7.79m)Spectra MetaVaults Outside V2 ($3.16m)MORE Vaults ($1.93m)Mitosis ($1.39m)

Frequently Asked Questions

What is Spark Liquidity Layer's TVL?

Spark Liquidity Layer currently has $2.611b in total value locked. TVL has increased 29.5% 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 87.4%.

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

Over the past 30 days, Spark Liquidity Layer generated $8.56m in fees. Of that, -$555,500 was protocol revenue. Based on the trailing year, the annualized rate is $119.36m in fees and $8.35m 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 $9.403b across 81 protocols, and Spark Liquidity Layer accounts for 27.8% of that total. Other leading protocols include Lagoon, D2 Finance, Rigoblock, Veda, Grove Finance, Aera V3, Spectra MetaVaults, Spectra MetaVaults Outside V2, MORE Vaults, and Mitosis.