Spark (SPK) is the native governance and utility token of the Spark Protocol, a decentralized platform that allocates stablecoin liquidity across DeFi, CeFi, and real-world assets (RWAs). Launched in June 2025, #SPKCOIN powers key components like SparkLend (stable lending with fixed rates), Spark Savings (yield-bearing vaults), and the Spark Liquidity Layer (automated routing of over $6.5B in stablecoin reserves).
#SPK enables governance participation and staking, allowing holders to earn "Spark Points" and yield while supporting the protocol’s infrastructure. It was distributed via Binance’s 23rd HODLer airdrop and is now listed on major exchanges like Binance, with trading pairs including USDT, USDC, and BNB.
As of August 2025, #SPK trades around $0.094, with a market cap near $100M and a circulating supply over 1 billion tokens. It experienced a volatile start, with a high of $0.186 and low of $0.029. The protocol has over $7.9B in TVL and $172M in annualized revenue, reflecting strong adoption.
SPK appeals to traders and DeFi users looking for stablecoin yield, governance rights, and exposure to an innovative, liquidity-efficient ecosystem. However, due to price volatility, careful monitoring and strategy are essential for SPK trading.