What Spark governs
Spark (SPK) is a DeFi protocol governance token, currently ranked 342nd by market capitalization among the assets we track. Spark is the governance token of a DeFi protocol: holding it is less like owning a currency and more like owning a vote over how the protocol runs — and, in some designs, a share of the fees it collects.
Spark (SPK) is a cryptocurrency that aims to enhance user engagement and rewards within decentralized finance (DeFi) ecosystems. It leverages blockchain technology to provide secure, transparent, and efficient transactions.
How value is supposed to accrue
The economic question is whether Spark captures the value its protocol creates. Total value locked and fee revenue are the inputs; the token's design decides how much of that reaches holders.
Background & fundamentals
The project publishes a whitepaper documenting its original design, which is worth reading before sizing any position in SPK. In sector terms it is most often filed under Ethereum (ETH) Token (ERC-20), Binance Coin (BNB) Token (BEP-20), and DeFi.
Where Spark sits in the market
With SPK near $0.0174, Spark carries a market capitalization of $29.62M. Around $9.22M changes hands across exchanges in a typical 24-hour window. That is a turnover of about 31.12% of the float — unusually high, the kind of churn that accompanies major news or speculative spikes.
Almost the entire SPK supply is already in circulation (~100.0% of the 10B cap), so future dilution is effectively off the table. SPK remains -91% beneath its all-time high of $0.1865, the kind of gap that historically takes a full cycle or a fresh catalyst to close.
What the price history shows
Recent moves read 24-hour +0.77%, 7-day +3.31%, 30-day -47.13%. Across roughly the last 350 days of daily candles, SPK endured a peak-to-trough drawdown of about 89% before stabilizing.
Volatility profile
Recent action puts Spark in the Low-volatility band — it has been relatively stable, with moves typical of large-cap, mature assets. Over the last 30 days the move totals -47.13%, a useful input for stop placement and position sizing.
How to evaluate a DeFi token like Spark
The honest checklist for SPK is short:
- Protocol revenue — fees the application actually earns, and whether any of it reaches SPK holders.
- Total value locked — how much capital trusts the protocol — and how sticky it is versus mercenary yield.
- Token utility — whether SPK is load-bearing (governance over real value, fee rights) or decorative.
This page pulls live market data, on-chain stats where available, exchange-by-exchange volume, and our forecast model into one view so you can work through those questions in a single place. None of it is investment advice — it is a structured starting point for your own research.
