Crypto
SparkLend Hits Record Deposit Levels Amid Institutional Shift
SparkLend has hit a record 600,000 ETH in deposits, driven by institutional demand for conservative DeFi lending options.
October 2, 2026, 02:58 PM·Crypto Briefing

SparkLend has hit a record 600,000 ETH in deposits, driven by institutional demand for conservative DeFi lending options.

The SparkLend lending protocol has attracted 88,320 ETH from large holders, reaching a total value locked of nearly $4.96 billion following a shift toward more secure DeFi platforms.

SparkLend has reached a record high of over $800 million in USDS borrowing, following a 64% surge in demand over the past month.

SparkLend has reached a total market size of $7.39 billion, marking a 55% growth this year, while simultaneously exiting the Gnosis Chain to consolidate operations on Ethereum.
