According to CoinMeta, Spark Protocol outperformed other lending protocols in Q2, despite the severe challenges faced by the overall DeFi lending market. According to the latest Blockworks report, Spark's market share doubled during the same period, and it remained profitable. Its net income was approximately $3.3 million, with operating costs remaining at $1.1 million per month. Spark also repurchased $1.31 million worth of SPK tokens during Q2, demonstrating its profitability. The protocol manages risks by implementing a "oracle killer" switch that freezes loans when asset prices fluctuate by more than 5%, successfully avoiding losses. Spark has also collaborated with PayPal and BitGo among others, serving as a liquidity engine for other stablecoin products.