Spark (SPK)
Total Value Locked$7.121b
TVL by Chain
Ethereum$6.468b
Base$589.7m
Gnosis$33.72m
Unichain$10.08m
OP Mainnet$10m
Arbitrum$9.99m
Key Metrics
Fees (Annualized)$74.79m
Fees 30d$6.13m
Fees 7d$1.6m
Fees 24h$242,302
Cumulative Fees$110.22m
Revenue (Annualized)$6.32m
Revenue 30d$518,252
Revenue 7d$136,331
Revenue 24h$21,259
Cumulative Revenue$2.11m
Incentives (Annualized)$0
Incentives 30d$0
Incentives 7d$0
Incentives 24h$0
Cumulative Incentives$0
Earnings (Annualized)$6.32m
Earnings 30d$518,252
Earnings 7d$136,331
Earnings 24h$21,259
Cumulative Earnings$2.11m
Market Cap$101.18m
$SPK Price$0.092
All Time High$0.18
All Time Low$0.029
Fully Diluted Valuation$925.12m
$SPK Volume 24h$255.3m
CEX Volume$168.29m
DEX Volume$90.05m(35.27% of total)
Staked$15.41m(15.23% of mcap)
Borrowed$2.204b
$SPK Liquidity$1.65m
Uniswap V3$1.65m
Spark (SPK)
Total Value Locked$7.121b
TVL by Chain
Ethereum$6.468b
Base$589.7m
Gnosis$33.72m
Unichain$10.08m
OP Mainnet$10m
Arbitrum$9.99m
Key Metrics
Fees (Annualized)$74.79m
Fees 30d$6.13m
Fees 7d$1.6m
Fees 24h$242,302
Cumulative Fees$110.22m
Revenue (Annualized)$6.32m
Revenue 30d$518,252
Revenue 7d$136,331
Revenue 24h$21,259
Cumulative Revenue$2.11m
Incentives (Annualized)$0
Incentives 30d$0
Incentives 7d$0
Incentives 24h$0
Cumulative Incentives$0
Earnings (Annualized)$6.32m
Earnings 30d$518,252
Earnings 7d$136,331
Earnings 24h$21,259
Cumulative Earnings$2.11m
Market Cap$101.18m
$SPK Price$0.092
All Time High$0.18
All Time Low$0.029
Fully Diluted Valuation$925.12m
$SPK Volume 24h$255.3m
CEX Volume$168.29m
DEX Volume$90.05m(35.27% of total)
Staked$15.41m(15.23% of mcap)
Borrowed$2.204b
$SPK Liquidity$1.65m
Uniswap V3$1.65m
Protocol Information
Spark is an onchain capital allocator that borrows from Sky’s $6.5B+ stablecoin reserves to deploy capital across DeFi, CeFi, and RWAs—delivering deep, scalable liquidity to the ecosystem. For users, Spark transforms this yield into accessible products like sUSDS and sUSDC, enabling seamless, fee-free access to onchain, diversified returns.
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol
Fees: Interest paid by borrowersView code on GitHubRevenue: Percentage of interest going to treasuryView code on GitHubIncentives: Tokens allocated to users through liquidity mining or incentive schemes, typically as part of governance or reward mechanisms.
Earnings: Revenue of the protocol minus the incentives distributed to users
Income Statement for Spark
| Q3 2025* | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | |
|---|---|---|---|---|---|
| Fees | $6.53m | $16.11m | $30.37m | $34.73m | $22.48m |
| Revenue | $553,305 | $547,180 | $300,434 | $289,403 | $419,516 |
| Incentives | $0 | $0 | $0 | $0 | $0 |
| Earnings | $553,305 | $547,180 | $300,434 | $289,403 | $419,516 |