Spark Lending and Savings Protocol TVL Fell 15.3% Over the Week
TechFlow reports on November 15 that, according to The Defiant, DefiLlama's daily snapshots show that as of November 14, the dollar-denominated total value locked (TVL) for the lending and savings protocol Spark fell by 15.3% week-over-week to $5.7 billion, hitting a 30-day low.
The figure stood at $6.73 billion on November 7, dropping by approximately $1.03 billion over the week; the period high was $7.33 billion on November 5. The calculation includes SparkLend, Liquidity Layer, and Spark Savings.
The report points out that a decline in dollar-denominated asset values does not necessarily indicate user withdrawals, and overall TVL figures cannot differentiate between fluctuations in collateral value and the withdrawal of available lending assets.
