The Spark Liquidity Layer is once again the largest on-chain capital allocator by TVL on
@DefiLlama.
The Liquidity Layer holds $2.56B, roughly 27% of the category’s ~$10B in TVL. Its supported integrations span on-chain lending markets and stablecoin pools, OTC execution desks, and tokenized treasuries.
Governance approves venues and sets limits on capital movement. The ALM Controller enforces those limits when executing allocations.
The Spark Liquidity Layer can increase allocations within existing limits while adding new venues requires governance approval.
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