PANews November 20 news, according to CoinDesk, DeFi giant Spark has decided to suspend its encryption mobile application development plans and instead focus on DeFi native liquidity infrastructure and institutional trading, such as its recent $1 billion investment in PayPal's stablecoin PYUSD. The CEO of Phoenix Labs, the developer behind Spark, stated that the current market competition is fierce, and the company will focus on its own advantages without blindly expanding into the retail sector. Spark's current TVL exceeds $9 billion, and the app plans may be restarted in the future.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.