According to Wu, Spark has released its Q1 2026 financial report. The data shows total protocol revenue of approximately $31.5M, net income of around $6.91M, and net surplus of about $3.46M. The protocol treasury stands at roughly $46.1M, with about $986K worth of SPK buybacks completed. The report highlights that as lending spreads narrow and demand for savings grows, Distribution has, for the first time, surpassed the Spark Liquidity Layer (SLL) as the primary source of revenue. https://(wublock123.com)/news/spark-q1-earnings-protocol-revenue-31-5m-60071