DeFi platform Spark, an affiliated lending and liquidity unit of Sky (formerly MakerDAO), has shelved its consumer-facing app to focus on a business-to-business (B2B) backend model, providing yield and liquidity services to tech giants and fintechs. The company's annual revenue has fallen from $80 million during the bull market to approximately $20 million today. Despite this, Spark's Bitcoin-backed over-the-counter (OTC) loans, issued through Anchorage, currently stand at $260 million in outstanding balance, with a target to reach $1 billion by year-end. The platform's stablecoin FX layer on Uniswap has also routed roughly $1.5 billion in its first 30 days, accounting for about 30% of stablecoin-to-stablecoin swap volume on Uniswap.