In May 2026, Spark Protocol, part of the Sky ecosystem, reported a total value locked (TVL) of $12.6 billion across its three main products: $6.4 billion in Savings TVL, $3.6 billion in SparkLend lending, and $2.6 billion in its Spark Liquidity Layer. Despite recent DeFi market challenges, Spark's TVL growth suggests strong user trust and expanding multi-chain support including Ethereum and major stablecoins. Investors should watch whether this growth is driven by sustainable revenue or token farming incentives, as the protocol continues to build its presence in decentralized finance.
Major cryptocurrencies experienced significant price declines, with Bitcoin falling 4.25% to $60,761 and Ethereum dropping 9.86% to $1,592. Other notable losses include Binance Coin down 4.74% and Cardano plunging nearly 15%. This broad sell-off refl...
Aave, a decentralized finance protocol, has fully restored liquidity to its lending pools after a $300 million cross-chain exploit drained assets. The attacker minted fake tokens and used them as collateral to borrow large amounts of Ethereum-based a...
Leading cryptocurrencies like Bitcoin and Ethereum experienced significant price declines, with Bitcoin falling about 6.57% to $66,870 and Ethereum dropping nearly 5% to $1,901.68. This broad market sell-off reflects investor caution and potential pr...
The Kelp DAO hacker has laundered nearly all of the approximately $220 million stolen in an April bridge exploit, moving funds through privacy services like THORChain, Umbra, and Tornado Cash, making recovery difficult. Only about $1.7 million remain...
