Spark Liquidity Layer
$2.73B −0.6%24hValue locked
- Value locked
- $2.73B
- 7 days
- −3.6%
- 30 days
- +3.0%
- Fees per day
- $450.9K7-day average
- Fees / value locked
- 6.0%annualised
- Chains
- 7
About Spark Liquidity Layer
The Spark Liquidity Layer (SLL) automates liquidity provision of USDS, sUSDS, and USDC directly from Sky across various blockchain networks, DeFi protocols, and RWA.
As of 23 Oct 2026, Spark Liquidity Layer holds $2.73B in value locked across 7 chains, which ranks it #22 among all the protocols we track. Thirty days ago it ranked about #26. 84% of that sits on Ethereum, its largest deployment. It is the largest of 33 on-chain capital allocators, with 29% of the sector's value locked; Veda follows with $1.83B. Its value locked is down 3.6% over seven days and up 3.0% over 30 days. Users paid an average of $450.9K a day in fees over the last seven days; a year at that pace would equal 6.0% of its value locked, against a sector median of 2.4%.
Value locked by chain
Largest on-chain capital allocators
Full sector| # | Protocol | Chains | Value locked | 7d | Fees/day |
|---|---|---|---|---|---|
| 1 | Spark Liquidity Layer | Ethereum, Base +5 | $2.73B | −3.6% | $450.9K |
| 2 |  Veda | Ink, Ethereum +11 | $1.83B | −0.3% | $179.1K |
| 3 |  Grove Finance | Ethereum, Base +3 | $1.42B | +4.5% | $92.93K |
| 4 |  Concrete | Ethereum, Stable +3 | $1.29B | +6.9% | $40.39K |
| 5 |  ether.fi Liquid | Ethereum | $396.3M | −1.2% | $973 |
| 6 |  Upshift | Ethereum, Flare +10 | $387.4M | 0.0% | $67.61K |
| 7 |  Mellow Core | Ethereum, Rootstock +3 | $259.2M | −1.0% | – |
| 8 |  Aera V3 | Base, Morph +3 | $192.9M | +15.3% | $15.64K |
