Spark Liquidity Layer has deployed over $3 billion across decentralized finance platforms, making it the largest on-chain capital allocator tracked by DefiLlama. SparkLend is the biggest recipient with approximately 42% of recent allocations, followed by Morpho, Uniswap, and tri-party loans with Anchorage. The system, which launched in November 2024, generated roughly $12 million in fees over a 30-day period, reflecting significant quarterly growth in average asset allocation from $1.93 billion in Q1 2026 to $4.2 billion in Q2 2026. No incidents have been reported since launch, with the Anchorage loans illustrating the protocol’s ability to operate beyond purely on-chain venues through regulated custodians.
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