Spark Protocol has experienced significant growth, with $2.4 billion in net inflows recorded since April 18, according to DefiOasis data. This influx represents approximately 15% to 20% of the net outflows from Aave. Notably, at least 20 individual addresses have deposited over $20 million each into Spark during this period.
Key contributors to these inflows include Spark PSM, which is the largest net depositor, and Mellow Finance, which withdrew over $180 million from Aave and fully deposited it into Spark. Instadapp has also contributed with net deposits exceeding $88 million. Additionally, several large whale addresses have moved their assets from Aave to Spark, further boosting the protocol's growth.
Spark Protocol Attracts $2.4 Billion in Net Inflows Since April 18
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