SparkLend
$5.08B +0.6%24hValue locked
- Value locked
- $5.08B
- 7 days
- −1.8%
- 30 days
- −12.6%
- Fees per day
- $234.4K7-day average
- Fees / value locked
- 1.7%annualised
- Chains
- 2
About SparkLend
SparkLend is a stablecoin lending market. Unlike other lending protocols where rates fluctuate based on utilization or loan size, SparkLend offers governance-defined rates that do not vary based on those factors. This is made possible by Spark’s Liquidity Layer (SLL), which supplies consistent stablecoin liquidity to the protocol.
As of 23 Oct 2026, SparkLend holds $5.08B in value locked across 2 chains, which ranks it #4 in DeFi by value locked. Thirty days ago it ranked about #11. Nearly all of it sits on Ethereum. Among lending protocols it ranks #3 of 109 with 9.6% of the sector, between Morpho Blue ($11.25B) and JustLend V1 ($3.68B). Its value locked is down 1.8% over seven days and down 12.6% over 30 days. Users paid an average of $234.4K a day in fees over the last seven days; a year at that pace would equal 1.7% of its value locked, against a sector median of 2.5%.
Value locked by chain
Largest lending protocols
Full sector| # | Protocol | Chains | Value locked | 7d | Fees/day |
|---|---|---|---|---|---|
| 1 |  Aave V3 | Ethereum, Base +19 | $16.98B | 0.0% | $1.12M |
| 2 |  Morpho Blue | Ethereum, Base +36 | $11.25B | +2.0% | $767.3K |
| 3 | SparkLend | Ethereum, Gnosis | $5.08B | −1.8% | $234.4K |
| 4 |  JustLend V1 | Tron | $3.68B | −1.1% | $49.74K |
| 5 |  Maple | Ethereum | $2.67B | −3.2% | $295.3K |
| 6 | Hyperliquid Earn | Hyperliquid L1 | $1.43B | −2.4% | – |
| 7 |  Compound V3 | Ethereum, Arbitrum +8 | $1.40B | −0.3% | $97.53K |
| 8 |  Kamino Lend | Solana | $1.29B | −0.8% | $142.6K |
