PANews, August 6: DeFi protocol Spark released its Q2 2026 financial report, showing total protocol revenue of $40.6 million (a 29% quarter-over-quarter increase); net protocol earnings of $4.31 million (a 38% quarter-over-quarter decrease); and net protocol surplus of $710,000 (a 79% quarter-over-quarter decrease). The quarter-over-quarter decline was primarily driven by the continued narrowing of the Spark Liquidity Layer (SLL) spread and higher financing costs from expanding the USDT savings market. Spark’s protocol treasury stands at $48.5 million, with $1.31 million spent on SPK token buybacks in Q2.
Spark Q2 Total Revenue Reaches $40.6M, But Net Earnings and Surplus Decline
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Summary
Spark's Q2 total revenue reached $40.6 million, a 29% increase from Q1 2026, according to on-chain news. Protocol update changes and market shifts resulted in a 38% decline in net protocol revenue to $4.31 million. Net surplus also decreased by 79% to $0.71 million. SLL spreads narrowed, and USDT financing costs increased. Spark’s treasury remains at $48.5 million, with $1.31 million used for SPK buybacks in Q2.
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