SparkLend USDT utilization remains near 96%, with available liquidity of about $11.95 million

TechFlow, October 29 — According to The Defiant, as of October 29, SparkLend's Ethereum USDT market has approximately 11.95 million USDT available for withdrawal, with liquidity utilization at about 96.29%. Current supply-side deposits are approximately 322 million USDT, and outstanding loans are approximately 310 million USDT.

Currently, the annualized yield for USDT suppliers is approximately 6.9%, and the variable borrowing APR is approximately 7.70%. Earlier this week, liquidity in the market tightened further at one point, with USDT utilization exceeding 99% and supply APY briefly rising above 18%. Spark's Liquidity Layer also dynamically allocates USDT based on borrowing rates, utilization, and inventory conditions on other platforms, so the market's withdrawable buffer is affected not only by borrower repayments and user deposits.

Source: TechFlow