Spark Protocol wrapped up May 2026 with some hefty numbers. The Sky ecosystem subDAO reported $6.4 billion in Savings TVL, $3.6 billion locked in SparkLend, and another $2.6 billion deployed through its Spark Liquidity Layer.
That’s roughly $12.6 billion in combined value sitting across Spark’s three main product lines.
Breaking down the numbers
The Savings TVL figure, $6.4 billion, represents deposits earning yield through products like sUSDS.
SparkLend, the protocol’s governance-driven lending market, accounted for $3.6 billion. SparkLend shares some foundational DNA with Aave’s V3 contracts but distinguishes itself through different rate-setting mechanisms and a narrower asset focus. It became the second-largest DeFi money market shortly after its launch on May 9, 2023.
