Spark Surges 8.404% as TVL Jumps 650% on Flare Network

Spark's latest price was $0.1222, up 8.404% in the last 24 hours. The decentralized exchange on Flare Network, SparkDEX, launched its $SPRK governance token in July 2025. This launch occurred in the context of a remarkable 650% surge in the platform's Total Value Locked (TVL), which reached $134 million. The token is designed to enhance platform governance and encourage liquidity provision within the Spark ecosystem.

The Spark Network achieved significant integration on THENA during July 2025. This integration positions Spark on a leading decentralized exchange within the BNB Chain ecosystem. THENA publicly welcomed Spark, enabling trading functionalities and offering $THE token rewards to users providing liquidity for Spark-related pairs.

Supply dynamics shifted notably for Spark tokens in late July 2025. On-chain data indicated a substantial decline in the number of SPK tokens held on centralized exchanges, falling to 382 million tokens by Friday, July 25th, from 613 million earlier in the week. This decrease suggests reduced immediate selling pressure as tokens move into self-custody or staking. Concurrently, data suggests sustained accumulation by larger holders, with the holdings of top addresses increasing to over 9.97 billion tokens compared to lows of 9.77 billion observed earlier in the week.

Spark Network witnessed substantial growth in its core operational metrics preceding these developments. The overall Total Value Locked across the Spark ecosystem climbed to nearly $8 billion, reflecting a 26% increase over the prior 30 days. This growth was distributed across its key segments: the Spark Liquidity Layer saw its TVL rise to $4.4 billion, while Spark Lending and Spark Savings recorded TVLs of $4.46 billion and $2.36 billion respectively.

Parallel to the reduction in exchange balances, the use of SPK for staking saw a marked increase. Over 3,400 users had committed more than 136 million SPK tokens to staking protocols by the period's end, a figure characterized as continuously growing. This trend aligns with broader holder accumulation patterns.