SparkLend's borrowing on Ethereum has grown 247% since March, approaching $3B. USDS led the growth. USDS borrowing rose from $188M to $917M, accounting for nearly half the $1.5B increase in total borrowing. Competitive borrowing rates are helping drive that demand. Over the last 30 days, USDS borrowing averaged 3.9%, while USDT averaged 4.07% and USDC 4.3%, all below comparable rates across other major pooled lending markets. USDS also gives borrowers another advantage: through @SkyEcosystem's LitePSM, borrowed USDS can be converted into USDC while the debt remains denominated in USDS. We've seen it used to refinance across lending markets already. In one transaction, a borrower drew approximately $1M USDS from SparkLend, converted it into USDC and used it to repay debt elsewhere, moving the WBTC collateral to SparkLend. Collateral supply has grown alongside borrowing. Supplied WETH increased 18.6% and cbBTC 44.7% over the last 30 days, with asset repricing accounting for only around 10% of the $550M increase. SparkLend is lending at greater scale against a larger collateral base than other major lending protocols, and probably has the best rates in the market. SparkLend rates:

Spark Savings USDT is now LIVE on @OKX. OKX users can now access Defi savings directly through the OKX app - no wallet setup, no bridging, or separate DeFi steps needed. Behind the simple OKX experience, @XLayerOfficial connects users to Spark Savings, while Spark’s Allocation Intelligence coordinates capital across approved lending, liquidity and credit opportunities to generate sustainable returns. CEX simplicity. DeFi benefits! Put your USDT to work on OKX:

Spark Borrow brings SparkLend and Spark Isolated Markets into one view. A borrowing market runs on shared market conditions, or on conditions set for that market alone. That choice sets what a position is exposed to. SparkLend supports cross-collateral borrowing on Ethereum mainnet, where several assets back a single position. Spark Isolated Markets are single-collateral markets on additional chains, with parameters defined for each market, powered by @Morpho infrastructure and curated by Spark. The single view is an interface change. Under Spark governance review, Spark keeps the collateral and risk frameworks apart market by market. Visit our new Borrow experience:

Sparkbench local battle: Qwen3.8-Flash-Next (NVFP4 TP2, spec off) scored 87.0 GLM-5.3-Flash (NVFP4 TP2, DFlash2) at 85.7 This is a deployment comparison, not a universal model ranking, but Qwen was faster, more reliable, and cleaner here. The most interesting result wasn’t the score: GLM hit four ~261K-token repetition loops, while Qwen’s NEXTN path had its own collapse and had to be disabled Local inference moves fast, but serving-stack correctness matters as much as the model. Full deployment and results:

Spark held its latest Global Community Call on August 19th, 2026. Below is a snippet from Sam's preliminary note. Key points: - Market remained in bear territory, but early signs of life are showing in BTC and other indicators. - Last quarter was dominated by industry-wide DeFi safety concerns, an area where Spark's approach held up very well. - That security-first strategy paid off, with SparkLend posting solid growth. - Stablecoin adoption continues to accelerate, with CEXs, fintechs, and banks deploying products and capital, reinforcing Spark's product-market fit and long-term position. - While broader sentiment remained low, Spark is well-positioned to be a leading force in the narrative that will drive the next bull cycle.