$SPK just launched and is already 'racing', with a market value of $39 million just the starting point, how great is its future potential?
SPK's market value reached approximately $39 million upon launch. It targets a system that has deployed over $4 billion in stablecoin capital, generating $190 million in total revenue, with an expected annualized income of $164 million.
SPK's pricing may be incorrect, but its actual management capabilities are strong: it controls the capital allocation of the Spark ecosystem, obtains protocol profits through staking rewards, and manages the first modular on-chain balance sheet aimed at maximizing returns. Behind it is @sparkdotfi, supported by Sky, which manages over $5 billion in USDS-backed TVL and has a market value of $1.7 billion. $SPK K can be seen as having equity in the DeFi currency layer, a future capital allocator for on-chain treasury, capable of obtaining upside potential from various channels, and is a strong competitor to become one of the first on-chain capital system revenue-supported equity primitives. I believe the market's judgment of its value is incorrect.
Let’s be clear, there are many opportunities in a bull market, but it is also a survival competition; staying alive is the most important! It’s still possible to get on board the top scorer now.
