Spark Reports $40.6 Million Total Revenue and $710,000 Net Surplus for Q2 2026

Spark's total protocol revenue for Q2 2026 reached $40.6 million, with a net protocol surplus of $710,000. According to the Q2 financial report, the net protocol revenue was $4.31 million, the treasury at the end of the quarter stood at $48.5 million, and the SPK buyback execution amount was $1.31 million. Spark incurred costs while expanding its Tether savings market, and the revenue spread of the Spark Liquidity Layer (SLL) decreased from 0.64% in Q1 to -0.13% in Q2. The net SLL revenue was recorded at -$810,000. Distribution rewards amounted to $4.53 million, with sUSDS contributing $2.63 million. The USDT balance of SparkLend increased to $528 million as of June 30. During Q2, Spark invested $1.31 million in SPK open market purchases, and its market share in the lending sector rose to 10.4%. However, the burden of funding costs was evident in profitability metrics. According to Spark's official website, as of September 4, savings totaled $4.92 billion, while borrowing stood at $4.8 billion. This financial report is based on internal accrual accounting estimates and has not undergone independent verification.

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