# Spark doubles its share of DeFi lending to 10.4% in Q2 2026 while staying profitable

Canonical page: https://technooptimist.io/stories/spark-doubles-its-share-of-defi-lending-to-10-4-in-q2-2026-while-32d93b1d
Date: Q3 2026
About: [Sky (formerly MakerDAO)](https://technooptimist.io/companies/sky.md) · [Spark (SparkLend and Liquidity Layer)](https://technooptimist.io/crypto/spark.md)
Original source: https://blockworks.com/api/investor-report/spark-token-holder-report-q2-2026/pdf

A Blockworks Advisory report commissioned by the Spark Foundation shows Spark's share of loans across the major lending venues rising from 4.3% to 10.4% while the combined loan book shrank about 30%. After an April bridge exploit elsewhere, over $1B moved into Spark and SparkLend deposits rose 69% to $5.03B.

## Key facts

- Revenue net of funding costs: $6.57M (-5.8%); net income ~$3.3M on $1.1M a month of operating costs.
- Distribution rewards paid by partners ($4.88M) were ~74% of net revenue.
- ~$150M of liquidity moved into Uniswap v4 USDS/USDT and USDS/PYUSD pools on June 25.
- Spark Savings opened to BitGo institutional wallets; Robinhood Earn integration announced.

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