Spark’s FX Layer is growing fast. ⚡️⚡️⚡️
Already over $20B in pool activity, averaging around $5B a month over the past two full months.
The biggest draw for stablecoin issuers? Less liquidity to bootstrap, more users to reach.
The Stablecoin FX Layer on @Uniswap has surpassed $20B in total volume since its June launch.
Spark supports institutional-sized swaps between USDT, USDC, USDS, PYUSD, and RLUSD, with many other stablecoin issuers in the pipeline.
Stablecoins provide fundamentally better rails for consumers and institutions, and having a global market for swaps is critical to growing adoption.
Excited to see this grow.
The day after she made this post, she was found dead
Hsin-Ju was one of the nicest people I met and made this industry feel inclusive
May you rest in peace @hsinju 💜
ETH is flowing into Spark.
Since April 18 market volatility, Spark Savings ETH deposits have grown from 8,500 ETH+ to over 93,000 ETH.
On April 23, roughly 30,000 ETH was deposited in a single day.
The inflow moved into yield infrastructure that was already in place. Spark Savings ETH earns yield through the Spark Liquidity Layer.
Explore Spark Savings 👇
https://t.co/tI2kuidvpJ
Spark’s institutional services are built for platforms that need infrastructure, not just access.
Liquidity as a Service:
Programmatic, risk-bound liquidity through the liquidity orchestration layer. Builders use it to help bootstrap markets and scale liquidity for stablecoins, protocols, and chains.
Yield as a Service:
Institutional-grade savings infrastructure that platforms can embed directly. Exchanges, custodians, wallets, and chains can offer transparent earn programs without building yield infrastructure in-house.
Built for platforms embedding financial products, not only institutions accessing them directly.
Build with Institutional Services 👇
https://t.co/VGIDKRx5RD
wstETH deposits on @sparkfinance have doubled since March 29th from $1.046bn to $2.114bn per @DefiLlama
While historically SparkLend has not been material to Spark's financials, this appears to be rapidly changing given the thoughtful risk management practices the team has put in place.
Disclosure: Long $SPK