🧵 What is SPK? Is it worth paying attention to?
Recently launched $SPK It has attracted a lot of attention; it is the governance token of Spark Protocol, which is a stablecoin DeFi platform incubated by the MakerDAO ecosystem with participation from Sky.
With influential figures behind it and practical products, today I will help you quickly understand whether SPK is worth investing in.
📊 1. TVL reaches $7-8 billion
Spark is not 'old wine in a new bottle', but a DeFi project that is already operational with a large amount of capital.
Its TVL (Total Value Locked) has already reached the $7-8 billion level, mostly stablecoins + staked assets, which is much stronger than most 'popular projects'.
With funds present, confidence naturally follows.
💰 2. Annual profit of about $170 million
According to official data, Spark makes money in two ways:
- Depositors store stablecoins, and the protocol uses this money to earn profits on other platforms.
- Provides lending services, earning interest rate spreads and liquidation fees.
Currently, conservatively estimated, the annual profit is over $172M, while the circulating market cap is still far below this revenue.
🛡️ 3. What are its core advantages?
Sky reserve system support: over $650 million in assets backing.
Stablecoin closed-loop design: lending + saving + automatic deployment triad.
Cross-chain liquidity deployment capability: funds can be automatically deployed across different chains (not just a slogan).
These designs make Spark more like an 'asset bank in DeFi'.
📉 4. So why hasn’t the token SPK appreciated?
Mainly three reasons:
1. Airdrop was issued simultaneously with the launch, resulting in significant selling pressure in the short term.
2. SPK has not fully entered the staking and fee-sharing mechanism, lacking a strong holding demand.
3. The entire market's understanding of it is still in the early stage.
It is precisely because of this that the current price is relatively 'cheap', making it worth researching.
📦 5. Let's take a look at the comparison with other DeFi protocols
SPK's profitability far exceeds its current valuation, making it one of the few undervalued blue-chip potential projects in the DeFi market.
🌍 6. How well does Spark's product perform?
In terms of experience, Spark is more professional than traditional platforms but not difficult to use.
It automatically deploys user funds to the optimal DeFi protocols (such as Aave, Curve), allowing users to earn 'passive income'.
You don’t need to understand any interest rate models; it automatically maximizes your returns. This is something many platforms cannot achieve.
🧠 7. Who is suitable to pay attention to SPK?
Long-term optimistic users for stablecoins and DeFi.
Likes to find projects that are 'profitable but not yet hyped'.
Investors willing to participate in DAO, staking, and airdrop ecosystem activities.
If you like short-term trading, buying today and doubling tomorrow, SPK may not be suitable for you.
But if you are a value investor, SPK right now would be a very interesting observation target.
✅ 8. Summary: SPK is an undervalued 'stable yet dynamic' project in the market.
🟡 High TVL, high income, low market cap
🟡 Stablecoin + lending + cross-chain combination, product is solid
🟡 Backed by MakerDAO and Sky
🟡 After the airdrop, the price is in a reasonable range, suitable for gradual accumulation
If staking rewards and governance mechanisms are established in the future, SPK has the opportunity to become the next DeFi blue chip.
Keep an eye on it; perhaps you can get in early.
$SPK The token has been listed on Binance spot trading, register on Binance to purchase (save 20% in fees):
https://binance.com/zh-CN/join?ref=JZ666…
Invitation code: jz666
