SPK is up 330% in three days as Spark attracts billions in TVL. SPK rallied after the Ignition Airdrop, fanned by the Overdrive Part and alternate listings.
DeFi tokens are again in focus. Whereas Hyperliquid and high Ethereum synthetics are trending, mirroring Ethereum’s stellar efficiency, consideration is shortly shifting to Spark.
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SPK Crypto Rallying, Up 220% in 3 Days
SPK, the governance token of Spark, is likely one of the finest cryptos to purchase now, gaining a formidable 220% in three days.
This surge has pushed to recent all-time highs, extending features from early July and breaking above June 2025 highs.
At spot charges, the trail of least resistance is northward.
On the every day chart, SPK crypto soared to as excessive as $0.188 earlier at the moment earlier than retracing.
Nonetheless, up to now 24 hours, SPK is up 80%, doubling from yesterday when costs peaked, outperforming high Solana meme cash.
For now, the native assist is on the June 2025 highs, and so long as this degree holds, consumers will stay in management. SPK crypto may soar to new ranges within the coming days.
What’s Spark Crypto?
Spark is a DeFi protocol designed to optimize stablecoin yields.
The platform goals to make DeFi extra environment friendly by way of its array of merchandise.
SparkLend affords a stablecoin lending market the place SPK holders vote on lending charges.
The product is stabilized by the Spark Liquidity Layer (SLL), an answer that automates capital throughout a number of Ethereum layer-2s, together with Optimism and Base.
Merely put, SLL optimizes yield era whereas making certain SparkLend receives constant liquidity.
Apart from lending, customers can save by way of Spark Financial savings. They will deposit stablecoins, equivalent to USDC and USDS, to earn aggressive yields. Spark Financial savings may combine with different DeFi protocols.
Spark operates as a “Sky Star,” a subDAO inside the Sky Protocol, previously MakerDAO.
To learn its holders, Spark leverages the Sky Protocol’s stablecoin reserve.
Because of this, the protocol can deploy capital effectively throughout DeFi, CeFi, and real-world belongings.
Behind this ecosystem is SPK, primarily used for governance. Energetic holders, equivalent to these taking part in staking, can earn Spark Factors for extra SPK rewards.
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Why is SPK Crypto Rallying?
The catalyst behind the latest surge was the completion of the Ignition Airdrop on June 17.
Welcome to the Spark Ignition Airdrop.
It’s the launch second for a brand new period of decentralized finance.
Recognizing the visionaries. The believers. Those who noticed the longer term.
Ignition Part 1 eligibility checker is now reside.
See should you’re eligible 👇 pic.twitter.com/mk8aAXkRlm
— Spark (@sparkdotfi) June 12, 2025
By way of this airdrop, 200–300 million SPK tokens had been distributed to early adopters, sparking FOMO.
Whereas costs briefly dipped, the restoration was sturdy as a result of ongoing Overdrive Part, which requires SPK holders to stake between July 29 and August 12.
Overdrive is for those who staked, stayed & believed.
It is the 2nd part of the airdrop, the place you’ll be able to stake your SPK through @symbioticfi and get a share of the unclaimed Ignition SPK.
Here is how to make sure you qualify👇 pic.twitter.com/6KHwdTvATw
— Spark (@sparkdotfi) June 18, 2025
Stakers obtain further SPK tokens primarily based on their gathered Spark Factors.
Presently, over 3,000 stakers have locked up almost 130 million SPK.
(Supply: Spark)
Spark additionally rewards customers who deposit sUSDC on Spark Financial savings on the OP Mainnet and Unichain.
In a put up on X, Spark introduced that they’re emitting roughly 76,000 OP tokens weekly, boosting savers’ yields.
We Simply Unlocked Extra OP Rewards ⚡️
Spark is now emitting:
~ 76,000 OP/week
~ boosting APY to 4.42% at present TVLNo lockups. No gimmicks. Simply pure @Optimism rewards on Spark!
Now reside until finish of 2025. Begin now 👇https://t.co/r70dq71MVL pic.twitter.com/OUEXZgaPBu
— Spark (@sparkdotfi) July 22, 2025
Moreover, SPK crypto obtained a liquidity increase after being listed on main exchanges, together with Coinbase and Binance. The rallying SPK costs attracted hundreds of thousands of merchants throughout these platforms, wanting to trip the upward wave, additional fueling FOMO.
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SPK Crypto Up 220% in 3 Days: Why is Spark Rallying
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SPK crypto up 220% in three days -
SPK buying and selling at recent all-time highs -
Spark accomplished Ignition Airdrop -
Overdrive Part ongoing
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