Odaily Planet Daily reports that the DeFi lending protocol Spark disclosed that its net protocol return in the third quarter of 2026 exceeded $4 million. In the first half of the year, DeFi lending spreads narrowed significantly, with lending yields turning negative in the second quarter; however, following the growth of Spark Savings USDT in the third quarter, returns once again surpassed funding costs. During the same period, Spark partnered with Uniswap and Sky to launch a stablecoin swap layer, initially seeded with $1.5 billion in USDS liquidity, offering stablecoin swaps to banks, fintech firms, and payment companies, achieving over $14 billion in trading volume in its first month.
Spark Q3 Net Protocol Returns Exceed $4M; Stablecoin Swap Layer Reaches $14B in Its First Month
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Summary
Spark's Q3 net protocol returns exceeded $4 million, signaling a recovery following Q2 losses. A protocol update enhanced Spark Savings USDT, enabling returns to surpass funding costs. Spark also launched a stablecoin swap layer with Uniswap and Sky, providing $150 million in USDS liquidity. The swap layer achieved $14 billion in trading volume within one month, targeting banks and fintech firms. Recent project funding news reflects renewed momentum for the platform.
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