[Report: Spark's Lending Market Share Rises to 13.2% in Q3, Net Revenue Drops 30% QoQ] According to Blockworks' Q3 Spark token holder report, Spark's share of outstanding loans across the four major lending platforms—Aave, Morpho, Fluid, and Spark—rose to 13.2% from 10.4%, marking its second consecutive quarter of growth (from 4.3% at the end of Q1). During the same period, total lending on the four platforms increased by 37% to $22 billion, Spark's lending volume increased by 73% to $2.89 billion, and borrower interest payments increased by 38% to $16.05 million. However, due to the reduction in the reward distribution rate from 0.5% to 0.2% on July 9th, Spark's net revenue in Q3 decreased by 30% QoQ to $4.41 million, and total protocol revenue decreased by 27% to $30 million.