Spark, a DeFi platform, abandoned its consumer app to become a backend provider for tech giants. Revenue plunged from $80 million to $20 million in the bear market.
OTC lending, its fastest-growing line, now has $260 million outstanding and targets $1 billion by year-end. Spark powers products like Robinhood Earn, signaling DeFi’s institutional shift.
Our take: The real money in a fragmented stablecoin market is in infrastructure. Retail chases the next token; the plumbing scales quietly.
Would you trust your funds to a DeFi protocol that pivoted from retail to B2B?
$BTC
OTC lending, its fastest-growing line, now has $260 million outstanding and targets $1 billion by year-end. Spark powers products like Robinhood Earn, signaling DeFi’s institutional shift.
Our take: The real money in a fragmented stablecoin market is in infrastructure. Retail chases the next token; the plumbing scales quietly.
Would you trust your funds to a DeFi protocol that pivoted from retail to B2B?
$BTC