[Spark: Total Protocol Revenue Reaches $31.5 Million in Q1 2026] Odaily Planet Daily News – Spark posted on Platform X stating that the financial report for the first quarter of 2026 has been released. The report shows total protocol revenue of $31.5 million, net protocol revenue of $6.91 million, and net protocol surplus of $3.46 million. Currently, the Spark Protocol treasury holds $46.1 million, with $986,000 worth of SPK tokens repurchased. Due to the narrowing of lending spreads and the expansion of savings demand, distribution has, for the first time, surpassed the Spark liquidity layer as the primary revenue driver.