[Spark Achieves Over $4 Million in Net Protocol Revenue in Q3 2026, Driven by Multi-Engine Strategy Through the Bear Market] According to Deep Tide TechFlow, on October 14, Spark achieved over $4 million in net protocol revenue in the third quarter of 2026. Despite significant compression in DeFi lending spreads in the first half of the year and lending profit margins turning negative in Q2, Spark maintained profitability through diversified revenue engines. Key drivers included: borrowing low-interest capital from the Sky Ecosystem via the Spark liquidity layer and deploying arbitrage across DeFi; the expansion of Savings USDT deposit volumes, which pushed Q3 yields back above financing costs; and the extension to multi-chain channels such as OKX and Arbitrum with USDT0. Additionally, Spark, in collaboration with Uniswap and Sky, launched a stablecoin forex layer, injecting an initial $150 million in USDS liquidity, with first-month trading volume exceeding $14 billion.