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Lending protocol

Spark

Live data · updated every hour

Spark is the lending arm of the Sky ecosystem.

TVL rank#6CategoryLendingChains9SinceMay 2023
All DeFi protocols
Total value locked$7.35B−0.3% in 24h · +1.1% in 7d
Fees · 24h$630K$17.79M over 30 days
Revenue · 24h$41K$12.74M annualized
Revenue share5.9%Share of fees kept over 30 days
SPK price$0.0247−0.8% in 24h
Market cap$84.2MFully diluted $247M
Mcap / TVL0.01Token value per $1 locked
Chains990.8% on Ethereum

Spark TVL

Assets deposited in Spark across 9 chains, in US dollars.

Value locked$7.35B7.60% of all DeFi
Change · 1Y−$737M−9.1% over the period
Period high$8.67BOct 28, 2025
Period low$3.28BMar 9, 2026
Total value locked Touch the chart for valuesHover the chart for values

Supported chains

Deployed on 9 chains. Ethereum holds 90.8% of deposits.

Fees & revenue

Monthly fees paid by users and the share Spark keeps as revenue. The current month is to date.

Fees · 30d$17.79M$4.40M in the past 7 days
Revenue · 30d$1.05M$286K in the past 7 days
Annualized revenue$12.74MPast 30 days, annualized
Price to sales6.6×Market cap ÷ annualized revenue
FeesRevenue Last 12 months

About Spark

What it does, how it earns and what the SPK token is for.

Spark is a lending protocol in decentralized finance. Its money markets let users lend and borrow ether, stablecoins and liquid staking tokens, which represent crypto that is staked.

Deposits are made on 9 chains, most of them on Ethereum, as of 2026. SPK is its token, a governance token that holders use to vote on how the protocol is run.

CategoryLending
LaunchedMay 2023
Chains9
TVL rank#6 of 32
SPK token$0.0247−0.8%
Market cap$84.2M
Fully diluted value$247M
Circulating supply3.42B SPK
Max supply10.00B SPK
Mcap / TVL0.01
34.2% of max supply in circulation

Spark FAQ

Short answers to what people ask most.

Part of the fees users pay is kept by the protocol as revenue, as of 2026.

Yes, SPK is used for staking.

Spark news

Coverage of the protocol, its category and its chain.

All news

Similar protocols

Other lending protocols, ranked by value locked.

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