WBTC is the bedrock of BTC utility in DeFi. These 5 protocols lead the pack in WBTC TVL: 1️⃣ @aave 2️⃣ @Morpho 3️⃣ @compoundfinance 4️⃣ @CurveFinance 5️⃣ @sparkfinance Where are you deploying your WBTC? 👇

Newly supplied WBTC flowed into SparkLend faster than many other major lending protocols over the past seven days. SparkLend added 302 WBTC in new supply (an increase of 11.55%). Market dynamics meant that the increase did not move in a straight line but the net direction has proven to be extremely resilient and positive. Supply is now approaching 3,000 WBTC, extending the growth in SparkLend's WBTC collateral base. Easy Borrow here:

Over 2,748 wBTC supplied as collateral on SparkLend since its March launch. What stands out is the pace. That supply moved in within three days, as borrowers refinanced existing BTC backed positions into SparkLend. The number reflects what the market was already signalling. BTC backed borrowing demand was never the constraint. It was the absence of venues built to handle it, and when Spark built one, capital followed. Borrow & Lend here -

SparkLend’s wBTC deposit cap is increasing from 3,000 to 30,000 wBTC. Since launch, the initial cap has been nearly fully utilized. Demand for BTC-backed borrowing on a second on-chain venue was real, and it came fast! This increase is managed through the cap automator mechanism. In practice, new capacity will open at up to 500 WBTC every 12 hours, scaling exposure gradually rather than all at once. Put your wBTC to work on SparkLend. 👇