The cryptocurrency Spark (SPK), associated with the Spark DeFi protocol, has experienced a remarkable 100% price increase over the past week, fueled by anticipation for the second phase of the Ignition airdrop. SPK's Total Value Locked (TVL) has also reached an all-time high, with its market cap doubling from $30 million to over $62 million. Recently, SPK's price surged by 45.73% to $0.061, with trading volume skyrocketing by 403.90% to $486 million. The excitement is largely attributed to the ongoing airdrop, with Phase 1 concluding today and the upcoming 'Overdrive' phase offering further opportunities for participants. Users must stake their Ignition airdrop by July 29, 2025, to qualify for rewards. Analysts remain optimistic about SPK's future, predicting potential growth to $0.10-$0.15 within a year, and even $0.50 in the next few years, as the platform continues to expand its offerings and partnerships. Spark's TVL has reached $8.15 billion, highlighting its growing influence in the DeFi space. Read more AI-generated news on: https://app.chaingpt.org/news