Spark’s RLUSD/USDS pool on Uniswap v4 processed approximately $453 million between September 20 and October 19, 2026, across 2,410 transactions. About 65.5% of the flows were linked to yield strategies, lending activity, or exchange wallets, including $167 million associated with yield and loans and $130 million moving through exchange wallets. Spark’s own liquidity management accounted for only 4% of the volume, while 30.5% remains unclassified. Launched on June 25, 2026, Spark’s Stablecoin FX Layer has processed more than $12 billion in cumulative volume, while USDS had a total value locked of approximately $1.31 billion as of October 22, 2026.
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