$SPK spark protocol's spk token, linked to sky (once known as makerdao), emerged in june 2025 as a key player in lending, stablecoin yields, and real-world asset connections. the platform's tvl has climbed to around $8b, pulling in over $180m in annual revenue through features like sparklend for borrowing, savings options on usdc/usds, and liquidity channels feeding into aave, morpho, or blackrock's buidl.
as of today, july 23, it's trading at $0.117 usd after an +85% leap from yesterday's $0.07 close, building on a 147% weekly uptick driven by airdrop buzz, binance listings, and overall defi momentum. market cap sits between $100m-700m, with daily volume around $800m. though sell-offs have caused dips, it often rebounds near $0.03-0.05 levels.
the story's unfolding with ongoing integrations like aave and morpho partnerships, plus hints of ties to cardano/iota for wider reach, showing how defi evolves amid hype and volatility.
