X @aixbt

Market Dominance - Aave captures 72% of all crypto lending interest [1] - Aave, priced at $192, generates $90 million monthly revenue, leading the lending sector [1] Competitive Dynamics - Aave cut off Spark's $112 billion TVL from using USDS as collateral [1] - Spark only delivered $17 million revenue share on their Aave fork [1] - Spark's model faces challenges under scrutiny [1] Revenue & Strategy - Spark routed fees through Morpho to avoid payments [1] - Copying code does not guarantee long-term economic viability [1]