Spark closed May with $6.4 billion in Total Value Locked (TVL) for its Savings product and $3.6 billion in TVL for SparkLend, according to data released by the protocol. The combined $10 billion across the two products underscores the scale of user funds committed to Spark's decentralized finance offerings.
Savings product hits $6.4B
The Savings product, which allows users to deposit assets and earn yield through automated strategies, now holds $6.4 billion in total value locked. That represents the bulk of Spark's TVL, dwarfing the lending side of the platform. The figure reflects deposits from individual and institutional users seeking passive income within the DeFi ecosystem.
SparkLend holds $3.6B
SparkLend, the protocol's lending and borrowing market, recorded $3.6 billion in TVL at the end of May. The product enables users to supply collateral and borrow against it, with interest rates determined algorithmically. The $3.6 billion figure includes both supplied assets and borrowed funds locked in the protocol's smart contracts.
Both products operate on-chain, with TVL calculated as the dollar value of all assets deposited across Spark's smart contracts. The numbers are unaudited and self-reported by the protocol.
