Spark closed Q1 with strong momentum—expanding to new chains, integrating new protocols and assets, and launching new products that improve access to stablecoin savings and liquidity deployment.

Spark generated approximately $40 million in revenue during Q1. It also expanded to Base and Arbitrum, enabling users to access Spark Savings with lower fees and faster transactions.

Spark Savings now serves over 127,000 users, with a total of $3.9 billion in TVL across three chains.

Spark launched a new product, the Savings USDC Vault, which has already reached $41 million in deposits—just a few weeks after launch. The vault went live less than a month ago and gives users a simple way to earn rewards on USDC while maintaining access to liquidity.

Spark Liquidity Layer (SLL) also expanded its direct allocation strategy by integrating:

• sUSDe from Ethena, to capture upside from crypto market conditions

• syrupUSDC (Maple)

• BUIDL (BlackRock)

• USTB (Superstate)

• JTRSY (Centrifuge)

The last three RWAs were selected as Grand Prix winners and are now part of SLL’s balance sheet, helping diversify exposure and optimize returns. Spark plans to allocate up to $1 billion across these RWAs over time. The milestone was marked by a billboard in Times Square during the Digital Asset Summit (DAS) in New York, highlighting Spark's growing presence in the DeFi and RWA ecosystem.

SLL added support for three protocols during Q1:

• Aave, on Core, Prime, Base, and Arbitrum markets

• Fluid, on Ethereum, and Base

• Morpho, also on Base

• Coinbase Integration via Morpho on Base

These integrations give Spark more flexibility to deploy liquidity across DeFi in a capital-efficient and automated way.