SparkLend grows 47% in three months as big borrowers shift capital, WalleDAO finds

SparkLend’s total value locked rose 47% over three months as large borrowers shifted capital toward the Ethereum-based lending protocol, according to WalleDAO. The growth points to changing borrower preferences and platform-specific advantages that could reshape Ethereum lending dynamics. The shift matters because concentrated capital from big borrowers can quickly alter liquidity and utilization across competing lending venues. Next, watch whether SparkLend sustains the inflow as rates and incentives change and whether rivals respond with adjustments.