Ondo Finance vs Spark
Compare Ondo Finance and Spark on TVL, fees, revenue and activity to understand how these projects stack up.
$3.448B
Ondo Finance tokenises U.S. Treasuries (OUSG) and short‑term corporate notes (USDY), letting DeFi users earn off‑chain yield without KYC for small tickets. Redemptions above $100k trigger regulated KYC/AML, and tokens are soul‑bounded during the settlement window to comply with securities exemptions. OUSG is used as backing collateral for Flux’s RWA stablecoin and is integrated in Curve’s stableswap set.
View Full Page$6.58B
SparkLend is MakerDAO’s permissionless lending front‑end that pipes DAI liquidity directly from the Maker core vault into isolated lending markets. Because the backend uses D3M credit lines, borrowers enjoy below‑market rates that float with the DAI Savings Rate. Since launch on Ethereum mainnet in May 2023 Spark TVL has oscillated between 300‑600 million DAI and is governed by MKR Executive Votes.
View Full PageKey Metrics Comparison
Ondo Finance
TVL$3.448B
24h VolumeN/A
24h FeesN/A
24h RevenueN/A
30d FeesN/A
30d RevenueN/A
7d TVL ChangeN/A
Dominance1.24%
Spark
TVL$6.58B
24h VolumeN/A
24h Fees$435.4K
24h Revenue$20.6K
30d Fees$10.41M
30d Revenue-$243K
7d TVL Change+5.89%
Dominance2.37%
Category Performance
Visual comparison across key categories. Ring fill represents relative strength or share between the two assets.
TVL Share
Share of combined TVL
Ondo Finance
34.4%Spark
65.6%Volume Share
Share of combined 24h volume
Ondo Finance
1.0%Spark
1.0%Fees Share
Share of combined 24h fees
Ondo Finance
1.0%Spark
1.0%Revenue Share
Share of combined 24h revenue
Ondo Finance
1.0%Spark
1.0%7d TVL Performance
TVL change over last 7 days
Ondo Finance
N/ASpark
5.89%Dominance
Market dominance by TVL
Ondo Finance
1.2%Spark
2.4%TVL Comparison
Ondo Finance
Spark