Spark SPK
ProtocolOnchain Capital AllocatorRank 410
$0.01654
+0.3% over 24h
Data as of Nov 3, 11:30 PM
Protocol in the Sky ecosystem (formerly MakerDAO) that deploys Sky stablecoin reserves across DeFi, CeFi and real-world assets and offers savings products. SPK is used for governance.
Where is Spark’s price relative to its value?
DQuality: fragileEstimated fair value
Current price
Gap to fair value
The gap to estimated value is public only for the 10 largest cryptos. For this one, it is in the analysis: estimated value, temperature, value curve and 4-year scenario.
Descriptive estimate based on past data. Not a recommendation to buy or sell, nor a price target.
Price since launch
€10,000 simulator: in the full analysis.See Spark’s gap for free
Scenario (an assumption, not a forecast)
For this crypto, the value curve and the scenario (underlying trend and 4-year cycle) are reserved: 3 analyses of your choice a month with a free account, all of them with Pro.
- Since Jun 2025
- −71%
- All-time high (Jul 2025)
- $0.176 · −91%
Where the money goes
Over the last 12 months.
- Fees paid by users$188M
- Revenue kept by the protocol$9.4M
- Passed on to token holders$4.1M
Holders receive 44% of revenue, through token buybacks, burns or distributions to stakers.
Key metrics
Compared with the median of other protocols.
| Metric | SPK | Median | Rank |
|---|---|---|---|
| Price / annual revenue | 6.2× | 16× | 14 of 77 |
| 1-year revenue growth | Reserved for the full analysis | −50% | Reserved for the full analysis |
| Net holder yield | Reserved for the full analysis | −7% | Reserved for the full analysis |
| 12-month dilution | Reserved for the full analysis | +13% | Reserved for the full analysis |
| 1-year volatility | Reserved for the full analysis | 93% | Reserved for the full analysis |
| Worst drop over 2 years | Reserved for the full analysis | — | Reserved for the full analysis |
| 12-month revenue | $9.4M | — | — |
| Current pace (3 months annualised) | Reserved for the full analysis | — | Reserved for the full analysis |
| Market cap | $56.5M | — | — |
Growth, net yield, dilution, volatility and rank in the sector: in the full analysis. See Spark’s gap for free
DProject qualityFragile · 40/100 · regardless of priceSee details
- Real revenue20/35
$9.4M over 12 months
- Supply and dilution1/25
34% of tokens already in circulation, 81% more tokens per year
- Maturity3/15
1.5 years of history, price -91% from its high
- Liquidity and size11/15
Daily volume 7.8% of market cap, rank 410
- Price stability5/10
48 / 100
Revenue health
In the full analysis
In the full analysis
Price risk
In the full analysis
In the full analysis
Grade from A (very strong) to E (speculative) for Spark. How it is calculated
Comparables
See the rankingSame family, similar size.
Methodology and sources
Spark’s fair value: normalised annual revenue × usual multiple (its own, blended with its sector’s if its history is short) ÷ circulating tokens.
Gap = price ÷ value − 1. Hot above +40%, warm above +15%, mild between −15% and +15%, cold below −15%, freezing below −40%.
Project summary written by Dibagger with the help of AI, from its public descriptions (CoinGecko, DefiLlama); official links taken from the same sources.
Prices updated every 30 minutes, revenue daily, computed on Nov 3, 11:30 PM. Methodology v3. Full methodology
This information describes a situation; it is not investment advice.