Spark Protocol Shows Strong Post-Unlock Growth with 65M SPK Increase in Staking

Spark has introduced the **Stablecoin FX Layer**, a shared liquidity infrastructure built on Uniswap v4 that addresses stablecoin liquidity fragmentation. **Key Features:** - Enables stablecoins to access pooled liquidity instead of creating isolated pools - Initial deployment includes approximately $150M across USDS/PYUSD and USDS/USDT pairs - Built on Uniswap v4 infrastructure **Background Context:** This follows Spark's partnership with PayPal to grow PYUSD supply by $1 billion. The Spark Liquidity Layer leverages Sky's $8+ billion balance sheet to provide predictable capital injection without relying on token incentives or third-party liquidity providers. The system can dynamically manage both lending markets and DEX liquidity across platforms like Uniswap and Curve, enabling institutional-scale transactions. [Learn more about the Stablecoin FX Layer](https://paragraph.com/@spark-11/spark-uniswap-and-sky-building-the-fx-layer-for-stablecoins?referrer=0xA45F1D29943D19dff604133287047a35ccbADc8a)

SparkLend has accumulated over 2,748 wBTC as collateral since launching in March, with the majority arriving within a three-day period as borrowers refinanced existing positions. **Key developments:** - Initial 3,000 wBTC deposit cap reached quickly, prompting an increase to 30,000 wBTC - New capacity opens gradually at 500 wBTC every 12 hours through cap automator mechanism - Rapid adoption indicates strong demand for BTC-backed borrowing venues The swift capital migration suggests the market was waiting for infrastructure rather than lacking demand. Borrowers can access the platform at [app.spark.fi/borrow](https://app.spark.fi/borrow).

SparkFi is set to make a significant announcement at Consensus Hong Kong on February 11, 2026. **Key Details:** - Hexonaut will deliver a keynote presentation - Panel discussion featuring Arkis, moderated by Henri Arslanian - Session described as "institutional-grade" - Event is a SparkFi-sponsored session at the major crypto conference The cryptic "Something big is coming" messaging suggests a major product launch or partnership announcement focused on institutional adoption. As a DAI-centric protocol within the MakerDAO ecosystem, SparkFi appears poised to unveil developments that could strengthen its position in institutional DeFi markets. Full agenda details available at [Consensus Hong Kong](https://consensus-hongkong.coindesk.com/agenda/event/-sparkfi-sponsored-session-82).

**sUSDS has emerged as the fastest growing asset** within Spark Savings, driving significant growth across the platform. **Key Metrics:** - Total Value Locked (TVL) has **surpassed $4.1 billion** - Platform is hitting **new all-time highs daily** - Represents massive growth from previous milestones **Recent Growth Context:** - Savings V2 TVL previously reached $300M in November - Caps were raised to accommodate demand: USDT 500M, USDC 500M, ETH 100K - Spark now leads across all chains with +$3B in TVL **Platform Features:** - Institutional-grade, non-custodial access - Real-time compounding growth - No platform fees or slippage - Deposit stablecoins or ETH, withdraw anytime in same asset The rapid adoption of sUSDS demonstrates growing institutional and retail demand for yield-generating stablecoin products in the DeFi space.