SparkLend Borrowing Climbs 73% as Spark Q3 Net Revenue Drops 30%

SparkLend borrowing reached $2.89 billion in Q3, increasing Spark’s portion of lending across four major platforms even as its net revenue after funding costs fell 30% to $4.41 million. Spark’s share of loans across Aave, Morpho, Fluid and Spark rose to 13.2%, up from 10.4% in Q2 and 4.3% in Q1. Loans across the four platforms totaled $22 billion, a 37% increase from the previous quarter. Interest paid by SparkLend borrowers increased 38% to $16.05 million.

Source: TokenPost