Spark (SPK) Price

$0.04

Spark (SPK) Price Today

The live price of Spark is $0.04 USD. In the past 24 hours, the trading volume of Spark was $157.3M USD, with a change of -3.01%. The current live price of Spark has changed by -34.02% from its 7-day high of $0.06 USD and by -7.02% from its 7-day low of $0.04 USD. With a circulating supply of $10,000,000,000.00 SPK, the market cap of Spark is currently $80.9M USD, marking a -19.56% change in the last 24 hours. Spark currently ranks 387 by market capitalization.

Spark (SPK) Market Data

Market Cap

$78.5M

24h Volume

$157.3M

Circulating Supply

10B SPK

Maximum Supply

10B SPK

Fully Diluted Market Cap

$461.7M

Liquidity Indicator

200.39%

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About Spark (SPK)

What Is Spark (SPK) and How Does It Work?

Spark (SPK) is the governance and staking token of Spark Protocol, a decentralized finance (DeFi) platform developed by the MakerDAO ecosystem. Spark Protocol offers a full suite of DeFi services including borrowing, lending, and stablecoin savings, powered by Maker's DAI stablecoin and advanced smart contract infrastructure.

SPK plays a central role in managing and securing the protocol. Holders can vote on key decisions such as interest rates, liquidity allocations, and protocol upgrades. Users can also stake SPK to earn rewards and contribute to governance via Snapshot voting. As Spark expands across multiple chains like Ethereum, Arbitrum, Optimism, and Base, SPK ensures decentralized coordination across this multichain environment.

Overall, SPK is designed to align incentives among users, developers, and ecosystem partners, making it essential to Spark’s long-term sustainability and decentralized governance model.

Learn more about the Spark airdrop and how to claim your SPK tokens in our comprehensive guide.

When Was Spark Protocol Launched?

Spark Protocol went live on May 9, 2023, as one of MakerDAO’s “Endgame” Era innovations. It launched on Ethereum with SparkLend, a focused DAI-based lending and borrowing app, tightly integrated with Maker’s D3M and Peg Stability Module systems. The launch delivered high-efficiency lending and stablecoin management using SparkLend, sDAI, and USDC-to-DAI pathways.

Developed by Phoenix Labs under the MakerDAO ecosystem banner, Spark was led by Sam MacPherson (CEO) and team contributors; blockworks notes Sam’s active leadership and strategic oversight in governance campaigns. Phoenix Labs plays the “Ecosystem Actor” role defined in MakerDAO's structure, spearheading Spark's engineering and product development.

Spark Protocol: Key Milestones & Roadmap

1. May 2023: SparkLend launched with DAI and sDAI integration, direct rates from Maker's D3M, and PSM-powered stablecoin swapping.

2. 2023–2024 Growth: Expanded services to include Ethereum’s top lending assets (ETH, stETH, cbBTC, etc.) and boosted security via audits and bug bounties.

3. June 17, 2025 – SPK Launch & Airdrop: Released the 10 billion SPK token, with an inaugural 300 million‑token airdrop (Ignition phase) and launched governance; initial distribution includes structured phases, Ignition, Overdrive, Pre‑farming and Layer3.

4. Future Roadmap (2025+)
• 10‑year farming and inflation schedule, allocating 65% to user farming, 23% to ecosystem growth, and 12% to contributors.

• Overdrive staking rewards, implementing early governance and incentivization strategies .
• Cross‑chain expansion, enhancing the Spark Liquidity Layer to integrate additional networks and DeFi platforms.
• Deeper decentralization, transferring more protocol control to SPK holders as adoption and distribution grow.

What Are the Primary Use Cases of SPK Token?

SPK is the governance and staking token of the Spark Protocol. Its primary uses include:

• Governance voting: SPK holders can vote on key protocol decisions, such as interest rate adjustments, liquidity incentives, and protocol upgrades through Snapshot.

• Staking for rewards: You can stake SPK to earn Spark Points and future staking incentives under the Overdrive program.

• Incentivizing protocol growth: SPK is used to reward liquidity providers, developers, and early adopters across multiple campaigns and farming events.

• Cross-chain coordination: As Spark expands across Ethereum, Base, Optimism, Arbitrum, and others, SPK facilitates decentralized coordination and treasury allocation.

You can trade SPK tokens on the BingX Spot Market by logging into your account, searching for the SPK/USDT trading pair, and placing a buy or sell order instantly with market or limit options. BingX offers real-time price charts, order book data, and advanced trading tools to help you manage your SPK positions with ease.

What Is Spark Tokenomics?

Spark (SPK) has a total fixed supply of 10 billion tokens, designed to support long-term governance, staking rewards, and ecosystem growth for the Spark Protocol.

SPK Token Distribution

• Farming Rewards – 65%: Distributed over 10 years to users who provide liquidity, stake SPK, or participate in lending.

• Ecosystem Growth – 23%: Reserved for partnerships, cross-chain integrations, protocol upgrades, and future community incentives.

• Contributors – 12%: Vested over 10 years for core developers, builders, and the Phoenix Labs team behind Spark Protocol.

How to Claim Spark Airdrop

The Spark (SPK) airdrop began with the Ignition Phase, which rewarded users for engaging in DeFi activities like borrowing or lending stablecoins on platforms such as SparkLend, Aave, Pendle, Ethena, and Curve. This was the first of several planned distribution events. Future phases like Overdrive, Pre-Farming, and Layer3 Quests offer additional opportunities to earn SPK tokens through staking and on-chain participation.

Eligibility Criteria for the $SPK Airdrop

1. Users who met $5,000+ cumulative thresholds across stablecoin lending/borrowing or LP activities as of March 15, 2025 (23:59 UTC).

2. Eligible networks include Ethereum, Arbitrum, Base, Optimism, Gnosis, and Polygon.

3. Must be 18+, not on sanctions lists, and must use the same wallet for claim.

Key Dates

1. Ignition claim period: June 17, 2025, 08:00 UTC – July 29, 2025, 14:00 UTC.

2. Overdrive period: Stake claimed SPK between July 29 and August 12, 2025; claim opens August 12 – December 17, 2025.

3. Pre‑Farming & Layer3 campaigns: Claimable June 17 – December 17, 2025.

How to Claim Your SPK Tokens After the Spark Protocol Airdrop

1. Visit app.spark.fi/spk/airdrop via a secure connection using Ethereum‑compatible wallet (MetaMask, WalletConnect, etc.).

2. Connect using the wallet used during activity.

3. Check your eligibility status and SPK allocation.

4. Click “Claim your airdrop” (with or without staking for Overdrive).

5. If participating in Overdrive, stake your Ignition SPK and optionally hold ≥ 1,000 USDC/USDS in Spark Savings between July 29–Aug 12 to boost rewards.

6. Confirm the claim transaction and pay the Ethereum gas fee.

How to Stake SPK on Spark Protocol

Staking SPK is a way to support Spark Protocol’s governance while earning rewards through Spark Points. To stake your SPK tokens:

1. Visit the official Spark staking page at app.spark.fi/spk/staking and connect your Ethereum-compatible wallet (e.g., MetaMask, WalletConnect).

2. Click “Stake SPK”, enter the amount you wish to stake, and confirm the transaction in your wallet.

3. Once staked, you’ll begin earning Spark Points, which may boost your eligibility for future rewards and governance participation.

Note: Staked tokens have a withdrawal delay of 2–4 weeks, and staking may evolve to support protocol security and cross-chain functionality.

What Products Does Spark Protocol Offer?

Spark Protocol currently offers three flagship DeFi products designed to optimize stablecoin yield, borrowing, and capital deployment:

1. Spark Savings: A yield-bearing savings protocol where users deposit stablecoins (USDS, USDC, or DAI) and receive interest-bearing tokens (sUSDS/sUSDC) that automatically accrue returns at the Sky Savings Rate. Withdrawals are instant, non-custodial, fee-free, and slip-free, backed by diversified DeFi and real-world asset revenue streams.

2. Spark Lend: A decentralized, non-custodial money market (akin to Aave V3) enabling users to supply assets (DAI, ETH, stETH, cbBTC) as liquidity or borrow USDS/USDC on over-collateralized terms. Interest rates are transparent and governance-controlled, with isolation and efficiency modes to manage risk and enhance capital utilization.

3. Spark Liquidity Layer (SLL): An automated liquidity provisioning engine that deploys USDS, sUSDS, and USDC across multiple chains (Ethereum, Base, Arbitrum, Optimism, Unichain) and DeFi protocols (Aave, Morpho, Curve), ensuring optimal capital efficiency and enabling users to earn yield chain-agnostically.

Together, these products form Spark’s "liquidity engine," streamlining yield generation, borrowing, and cross-chain capital flow in a secure, transparent, and scalable manner.

What Blockchain Network(s) Does Spark Finance Operate on?

Spark Protocol (also known as Spark Finance) operates across multiple EVM-compatible blockchain networks, enabling users to access its products seamlessly on their preferred chains. At launch and growing rapidly since, it is live on Ethereum Mainnet, Arbitrum, Base, Optimism, Unichain, and Gnosis Chain, deploying over $3.5 billion in stablecoin liquidity across these networks. Its multi-chain design allows users to lend, borrow, stake, and earn yield across various ecosystems, facilitated by its automated Spark Liquidity Layer for stablecoin deployment and savings strategies.

Which Wallets Support SPK Tokens?

You can store your SPK tokens directly on BingX, using the platform’s built-in spot wallet for seamless access to trading, transfers, and real-time portfolio management. This option is ideal for active traders or beginners who want a simple and secure way to manage their SPK holdings without leaving the exchange. BingX also offers 2FA security, price alerts, and deep liquidity for SPK/USDT trading pairs.

For users who prefer self-custody, SPK is compatible with most EVM-compatible wallets, including MetaMask, Trust Wallet, TokenPocket, and imToken. These wallets let you hold SPK as an ERC-20 token and interact with Spark’s staking and governance platforms directly. For added protection, you can connect MetaMask to a hardware wallet like Ledger to store SPK offline, making it ideal for long-term holders and DeFi users who prioritize security.

Is Spark (SPK) a Good Investment?

Spark (SPK) stands out as a promising DeFi governance token due to its strong integration with MakerDAO, one of the most trusted and battle-tested ecosystems in crypto. SPK powers a suite of growing DeFi products, like SparkLend, Spark Savings, and the Spark Liquidity Layer, across multiple blockchains including Ethereum, Arbitrum, Base, and Optimism. These platforms collectively manage billions in stablecoin liquidity, giving SPK real utility in a multichain, yield-focused environment.

What makes SPK particularly appealing is its community-first tokenomics: 100% of the 10 billion token supply is allocated to public incentives, contributors, and ecosystem growth, no VC or private allocations. With staking rewards (via Spark Points), airdrop campaigns, and on-chain governance all tied to SPK ownership, the token aligns long-term incentives for users, builders, and protocol participants. If Spark Protocol continues expanding its role in DeFi lending and yield optimization, SPK could become a key asset in the next generation of decentralized finance.

Information source

Official Website

Whitepaper

Spark (SPK) Price Converter

SPK to USD

1 SPK = $ 0.04

SPK to VND

1 SPK = ₫ 1,206.68

SPK to EUR

1 SPK = € 0.04

SPK to TWD

1 SPK = NT$ 1.36

SPK to IDR

1 SPK = Rp 757.11

SPK to PLN

1 SPK = zł 0.17

SPK to UZS

1 SPK = so'm 585.70

SPK to JPY

1 SPK = ￥ 6.71

SPK to RUB

1 SPK = ₽ 3.62

SPK to TRY

1 SPK = ₺ 1.82

SPK to THB

1 SPK = ฿ 1.51

SPK to UAH

1 SPK = ₴ 1.92

SPK to SAR

1 SPK = ر.س 0.17

Spark Price Converter

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Disclaimer:

By accessing and using this platform, you agree to comply with our Terms of Use.

For more detailed information, please refer to our Risk Disclosure Statement.