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BREAKING: SparkLend Sees Massive Inflows as Aave Liquidity Rotates Post-rsETH Incident
While Aave saw over $10B in outflows, SparkLend quietly absorbed that capital, with +$1.2B in deposits and +$500M in new borrows in just one week
This isn’t just yield farming, it’s real borrow demand rotating into a protocol perceived as safer
Price is already reacting, $SPK is up ~150% from the recent bottom, with momentum boosted further by catalysts like the Upbit listing
The valuation gap is still notable: SparkLend sits at ~$5B TVL vs Aave’s ~$15B, only ~3x smaller, yet $SPK trades at roughly a 10x lower market cap than $AAVE
In risk-off markets, liquidity doesn’t disappear, it relocates, and right now SparkLend is one of the clearest beneficiaries as DeFi capital re-prices risk after the rsETH incident
