Spark Releases Q1 2026 Financial Report: $31.5M in Total Protocol Revenue and $6.91M in Net Protocol Revenue for the Period

DeFi protocol Spark announced its Q1 2026 financial report, reporting $31.5 million in total protocol-level revenue, $6.91 million in net protocol revenue, and a net surplus of $3.46 million. The treasury balance stood at $46.1 million at quarter-end, and approximately $986,000 worth of SPK tokens were repurchased. According to the report, distribution rewards revenue surpassed Spark Liquidity Layer (SLL) for the first time, becoming the largest source of net revenue: USDS-related savings vault distribution revenue totaled approximately $3.31 million; SLL generated $27.62 million in total revenue and $3.05 million in net protocol revenue on an average deployed capital of $1.93 billion; SparkLend’s quarterly reserve factor revenue amounted to $156,000. The report notes that, amid narrowing DeFi yield spreads, the protocol remained profitable on a monthly basis while maintaining prudent risk parameters.