DeFi· ★★★· bullish·

SparkLend hits all-time high of 600,000 ETH in deposits

  • —SparkLend deposits climbed from 380,000 ETH in April to 600,000 ETH by mid-September 2026
  • —Protocol TVL is nearing $4.96 billion, with total market size at $7.39 billion
  • —Whales deposited about 88,320 ETH in the six months through September 2026
  • —USDS borrowing reached $800–900 million; the protocol deprecated its Gnosis Chain deployment on September 14
Why it matters: The deposit and USDS borrowing growth signals demand for conservative DeFi venues, but whale concentration and an Ethereum-only focus raise outflow risk.
#ETH#USDS
Source: Crypto Briefing
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