Spark (SPK)
Spark is an onchain capital allocation protocol designed to make stablecoin liquidity more efficient across decentralised finance, centralised finance venues, and tokenised real-world assets. It is closely connected to the Sky ecosystem, drawing on large stablecoin reserves to route capital where demand and risk-adjusted returns are most attractive. Rather than operating only as a single lending market, Spark functions as infrastructure that supplies liquidity to other protocols and packages the resulting yield into user-facing products.
The project addresses several persistent DeFi problems: fragmented liquidity, variable borrowing costs, idle stablecoin balances, and yield products that are difficult for ordinary users to access. SparkLend provides a stablecoin lending market with governance-defined rates, giving borrowers more predictable conditions than purely utilisation-driven models. Spark Savings lets users convert supported stablecoins such as USDS or USDC into yield-bearing tokens including sUSDS and sUSDC, which can remain composable across DeFi applications.
A core component is the Spark Liquidity Layer, a backend allocator that deploys liquidity into external markets such as Aave, Morpho, and selected real-world asset strategies. This allows Spark to support deeper markets beyond its own interface and reduce rate volatility where it provides liquidity. Its integrations span major networks including Ethereum and prominent layer-2 chains, reflecting a focus on scalable, cross-chain stablecoin deployment.
SPK is associated with a protocol positioned as yield and liquidity infrastructure for onchain finance. Its relevance depends on Spark’s ability to maintain conservative risk management while expanding the use of tokenised stablecoin capital.
Last updated
- Market Cap
- $60.4M
- Fully Diluted Valuation
- $192M
- 24 Hour Trading Vol
- $52.3M
- Circulating Supply
- 3.1B
- Total Supply
- 10B
- Max Supply
- 10B
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- Market Cap
- $60,408,789
- Fully Diluted Valuation
- $191,962,831
- 24 Hour Trading Vol
- $52,280,457
- 24h High
- $0.02296408
- 24h Low
- $0.01882529
- 24h Change
- -11.50%
- 7d Change
- +41.04%
- 30d Change
- +15.03%
- 1y Change
- -72.47%
- Market Cap Rank
- #393
- Market Cap Rank (rehypothecated)
- #526
- Circulating Supply
- 3,146,900,301
- Total Supply
- 10,000,000,000
- Max Supply
- 10,000,000,000
- All-time high
- $0.184472 (-89.60%) · Jul 23, 2025, 10:01 a.m.
- All-time low
- $0.01301419 (+47.47%) · Aug 19, 2026, 3:36 a.m.
- Websitespark.finance
- Block explorerintel.arkm.com/explorer/token/spark-2
- X / Twittertwitter.com/sparkfinance