XRP News Today: SparkDEX Launches $SPRK Token on July 29, 2025 as Flare’s TVL Surges 348% to $224M, Trading Volume Hits $3B

SparkDEX, the leading decentralized exchange (DEX) on the Flare blockchain, announced the scheduled launch of its native governance and utility token, $SPRK, on July 29, 2025. This event marks the first full-scale Flare-native initial DEX offering (IDO) and underscores the platform’s commitment to expanding decentralized finance (DeFi) infrastructure. The token, which will be distributed via Flarepad—a launchpad operated by TrustSwap—aims to empower holders with governance rights and utility within the ecosystem, including rewards for liquidity providers, traders, and participants. The launch follows a surge in Flare’s TVL, which quadrupled from approximately $50 million in April to $224 million by early July, driven by initiatives like the omnichain USDT0 stablecoin and DeFi-enabled FAssets programs [2].

SparkDEX’s integration of USDTO, Tether’s multi-chain liquidity standard, has already driven significant growth. In July alone, the platform’s TVL exceeded $100 million within the first week, trading volume tripled to $3 billion, and unique users surpassed 2,500. The team attributes this momentum to Flare’s interoperability-focused architecture and the upcoming launch of FXRP on the mainnet, which could inject over $100 billion in liquidity by tokenizing XRP as FXRP. Flare’s native token, FLR, has also seen a 100% price increase from its April low, with a 240% spike in trading volume within 24 hours, reflecting heightened interest in the ecosystem [1].

The technical collaboration between Flare and XRP further strengthens the network’s position. Through FAssets, XRP is tokenized as FXRP, enabling interaction with DeFi applications on Flare’s Ethereum-compatible smart contract layer. Max Luck, head of growth at Flare, emphasized the platform’s role as a “premiere DeFi outlet for XRP,” offering non-custodial, transparent yield generation alternatives compared to custodial strategies in the XRP space [1]. Recent expansions, including lending protocols, trading tools, and an Eigen-style staking protocol called Firelight, have diversified yield opportunities for XRP holders, amplifying Flare’s appeal.

SparkDEX’s leadership team includes Alexi Atlas (co-founder of Quickswap) and Steve (co-founder of Metavault and GrizzlyFi), while Lunar Digital Assets supports marketing and PR efforts. The platform’s focus on utility-driven growth aligns with broader industry trends toward decentralized governance models, where native tokens incentivize community participation and decision-making. Analysts suggest that SparkDEX’s success will depend on sustained TVL growth and the adoption of $SPRK, which grants holders governance rights and access to ecosystem rewards [2].

Despite a challenging altcoin market, SparkDEX remains confident in its trajectory. Bitcoin’s dominance as the top cryptocurrency in 2025 has not deterred the team, as Flare’s TVL growth—partly driven by XRP’s recent 60% price surge to near $3.30—demonstrates a unique synergy between DeFi infrastructure and cross-chain liquidity [1]. The July 2025 token launch is positioned to solidify SparkDEX’s role as a global XRPFi hub, leveraging Flare’s $1 billion market cap and expanding DeFi ecosystem.

Source:

[1] [FLR Price Hits 6-Month High Amid SparkDEX Token Launch Buzz](https://thedefiant.io/news/markets/flr-price-hits-6-month-high-amid-sparkdex-token-launch-buzz)

[2] [SparkDEX Ignites DeFi Momentum with $SPRK Token Launch on Flarepad This July](https://coingape.com/blog/sparkdex-ignites-defi-momentum-with-sprk-token-launch-on-flarepad-this-july/)

[3] [SparkDEX ($SPRK) Review & Analysis: Next Big Gem?](https://www.btcc.com/en-CA/academy/research-analysis/sparkdex-sprk-review-analysis-next-big-gem)