
Etherlink has emerged as the fastest-growing blockchain over the past week, with its total value locked (TVL) exceeding $15 million, according to data from DeFiLlama, which reports a figure of $28 million. This growth is primarily attributed to the Apple Farm initiative, a $3 million incentive program designed to enhance decentralized finance (DeFi) activities within the ecosystem. Meanwhile, Sparkdotfi has made a substantial move in the DeFi sector by depositing $50 million into Maple Finance's SyrupUSDC, marking its first non-Treasury Bill deployment with an overall limit of $100 million. This partnership aims to facilitate access to both overcollateralized offchain and onchain lending, positioning Spark as one of the largest allocators in the DeFi space with potential scalability to $100 million. Recent research indicates that DeFi now constitutes more than 60% of crypto lending, highlighting the sector's growing influence as it evolves to address financial and infrastructure risks associated with its increasing complexity.
So last week, @sparkdotfi deployed liquidity into: @BlackRock BUIDL and @maplefinance 🫡 Sure, the big TradFi names are coming onchain but we have our own homegrown heroes in DeFi who are gonna compete because of the efficiency and automation unlocked with smart contracts. https://t.co/XxH2Nq2dIB
DeFi is growing in spaces previously occupied by CeFi, driven by retail's appetite for financial instruments and token utility. It is not enough for tokenized securities to come onchain. They must exist within established ecosystems and be integrated into existing protocols. https://t.co/VSS0Aq7faF
DeFi Protocol Layer Shows Steady Growth with Diverse Positive Signals 1. Top 3 DeFi Protocol TVL Categories: Lending: $40.1 billion Cross-Chain Bridges: $26.8 billion DEXs: $17.5 billion Collateralized Debt Positions (CDPs) saw rapid growth over the past month.

