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Spark Q1 protocol total revenue was $33 million, a 10% increase year-over-year.
Mars Finance reports that on March 20, Spark announced that its protocol currently generates approximately $10 million in protocol revenue per month. In the first quarter of 2026, the total protocol revenue reached $33 million, representing about a 10% year-over-year increase compared to the first quarter of 2025. Its main sources of income include Spark Liquidity Layer (SLL), SparkLend, and Market Curation. The full first-quarter financial report will be released soon.