SparkLend USDT utilization rate remains around 96%, with available liquidity of approximately $11.95 million.

on October 29, according to The Defiant, as of October 29, approximately 11.95 million USDT was available for withdrawal in the SparkLend Ethereum USDT market, with a liquidity utilization rate of about 96.29%. Current supply-side deposits stand at approximately 322 million USDT, and outstanding loans total around 310 million USDT.

The current USDT supply APY is approximately 6.9%, and the variable borrow annual interest rate is about 7.70%. Earlier this week, market liquidity tightened further, pushing USDT utilization above 99% and driving the supply APY above 18%. Spark’s Liquidity Layer dynamically adjusts USDT allocation based on borrowing rates, utilization rates, and other platform inventory conditions, meaning the market’s withdrawal buffer is impacted not only by borrower repayments and user deposits.