Spark Finance leads DeFi lending with 190% loan growth to $2.9B
- —Active loans jumped 190% to $2.9B over 180 days
- —SparkLend market share rose to 10.4% in Q2 from 4.3%
- —USDS borrowing ballooned from $188M to $917M
- —SparkLend TVL hit $5B, deposits reached $5.03B, up 69% QoQ
Why it matters: Spark's growth in a shrinking market signals demand for on-chain lending after the collapse of centralized lenders like Celsius and BlockFi.
Source: Crypto Briefing