Spark's cost escalates as a crucial network indicator approaches a record peak
The price and total value locked (TVL) of Spark Protocol's native token, SPK, have experienced a significant surge, nearing key milestones and all-time highs. This upward trend can be attributed to several interconnected factors, including increased demand for lending solutions, successful airdrop events, and steady protocol growth.
Spark’s TVL has increased significantly to $6.28 billion, nearing its all-time high of $6.7 billion. This reflects a growing demand for Spark’s yield-bearing products, especially its savings offerings whose TVL has surpassed $3 billion with a 30-day average savings rate rising to 4.5%. The lending side of Spark Protocol is also experiencing strong growth, with lending TVL nearing $3.5 billion.
The surge in demand for Spark’s services can be seen in the protocol’s expanding user base and transaction counts. The protocol has surpassed 80,000 transactions, reflecting growing adoption.
The price of SPK has rebounded about 25% recently, reaching around $0.045, buoyed by investors capitalizing on earlier dips. Additionally, the anticipation and execution of the Spark token airdrop by Binance in June 2025 increased user engagement and token utility, contributing to positive price momentum.
Spark Protocol has been designed with staking, governance, security, and platform rewards in mind, which supports a sustainable ecosystem and incentivizes participation. This long-term approach appears to be resonating with users, as demonstrated by the protocol’s growth.
In comparison to other yield-bearing protocols like Pendle and JustLend, Spark’s TVL places it among the more significant DeFi protocols. Its near all-time high TVL and rapid growth indicate robust competitiveness in the yield-bearing and lending space. Spark offers attractive savings rates and combines savings and lending within the same protocol, positioning it strongly in the market.
As SPK price continues to climb, the initial target for a potential bullish breakout is around $0.051. With its strong performance and growing user base, Spark Protocol is poised to continue its upward trajectory, making it an exciting player to watch in the DeFi space.
[1] Spark Protocol Official Website: https://sparkdefi.io/ [2] Spark Protocol Twitter: https://twitter.com/sparkdefi [3] Binance Announcement: https://www.binance.com/en/blog/announcements/binance-launches-spark-protocol-spk-token-on-binance-2021-06-30 [4] Kadena Blog: https://kadena.io/blog/kadena-spark-protocol-evm-chains-parallel-processing-and-execution
- The surge in Spark Protocol's SPK token price, approaching all-time highs, is partially due to the successful execution of the Spark token airdrop by Binance in June 2025, which increased user engagement and token utility.
- The decentralized exchange (DEX) platform, Kraken, lists SPK as one of its supported tokens, providing users with more investing opportunities in the crypto space.
- The increased demand for Spark’s yield-bearing products, such as savings and lending offerings, has contributed to its significant TVL of $6.28 billion, placing it among the leading DeFi protocols like Pendle and JustLend.
- As SPK price continues to climb, and with a potential bullish breakout target at around $0.051, Spark Protocol's investments in staking, governance, security, and platform rewards are resonating with users, driving its growth and making it an exciting player to watch in the DeFi finance space. (Sources: [1] Spark Protocol Official Website, [2] Spark Protocol Twitter, [3] Binance Announcement, [4] Kadena Blog)
