⚡️ DeFi Insights from Stablecoin Migration: Funds Begin Flowing from Aave to Spark——

Here’s a set of cross-protocol on-chain flow data:

Aave USDC → Spark spUSDC: $3.8M
Aave USDT → Sky sUSDS: $2.3M
SparkLend USDS → Sky sUSDS: $1.8M
Sky stUSDS → Spark spUSDC: $1.7M

In recent years, the main route for stablecoin migration has revolved almost entirely around Aave, but now, for the first time, there’s a clear trend favoring @sparkdotfi. This reflects three changes:

1️⃣ Spark’s appeal is increasing

Especially with the spUSDC line, funds (from institutions/whales) are actively viewing Spark as a more efficient stablecoin platform, not just a supplementary component of the Maker ecosystem.

2️⃣ The market is shifting from single-dependency to multi-protocol parallelism

Different stablecoins, yield curves, and risk frameworks are naturally dispersing funds to the most suitable destinations.

Spark is capturing a portion of these flows, showing that it has entered the mainstream asset management pathways instead of passively waiting for liquidity.

3️⃣ The new generation of stablecoin systems is reshuffling

The main flows of USDC and USDT are no longer monopolized by traditional giant protocols. The Spark/Sky model puts more emphasis on transparency, efficiency, and on-chain automation. These solutions are starting to gain recognition from real capital.

This could be a sign of a structural shift in the stablecoin landscape:

The power center of lending and stablecoins is moving from monopolization to a multipolar system.

I think this is a positive direction for DeFi. If this trend continues, Spark’s stablecoin liquidity could see a rapid expansion in 2026!