Spark Protocol, a DAI-focussed fork of Aave and MakerDAO’s first subDAO, has surpassed $1B worth of total value locked.
Spark’s TVL briefly crossed $1B for the first time on Nov. 14, before firmly reclaiming the ten-figure threshold the next day. Spark currently boasts a TVL of $1.05B, ranking as the 16th-largest DeFi protocol, according to DeFi Llama.
While Spark’s TVL has enjoyed growth as digital asset prices rose amid the recent crypto rally, the protocol also received significant inflows this month. Spark took in $113.5M on Nov. 2 — its fourth-largest daily inflow on record — followed by the protocol’s seventh-largest inflows of $65.8M on Nov. 14.
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#undefined [Source: TheDefiant]