XRP News Today: SparkDEX Launches $SPRK Token as TVL Surges 650% to $134M on Flare Network

Generated by AI AgentCoin World
Friday, Jul 25, 2025 8:40 am ET1min read
XRP
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Aime RobotAime Summary

- SparkDEX, Flare’s DEX, launches $SPRK token in July 2025, following a 650% TVL surge to $134M.

- The token aims to boost governance and liquidity, aligning with Flare’s cross-chain expansion via State Connector tech.

- Institutional partnerships, including BitGo and Tether, drive adoption, with $100M XRP deployed via VivoPower.

- Flare’s TVL growth and FTSO oracle enhance DeFi sustainability, though $FLR faces short-term volatility.

SparkDEX, the flagship decentralized exchange (DEX) on the Flare network, is set to release its native token, $SPRK, via Flarepad in late July 2025. This development follows a 650% surge in SparkDEX’s Total Value Locked (TVL) over recent months, reinforcing its role as a central DeFi platform within Flare [1]. The token’s launch aims to enhance governance and liquidity incentives, aligning with Flare’s broader strategy to expand decentralization and cross-chain interoperability through State Connector technology [2].

The integration of SparkDEX with Flare’s XRPFi suite—enabling

XRP
staking and lending—has accelerated adoption, supported by institutional partnerships and interoperability initiatives. These efforts have driven broader ecosystem growth, with Flare’s TVL reaching $134 million and 482,000 active addresses [1]. The Flare Time Series
Oracle
(FTSO) further strengthens the network by incentivizing accurate price data submissions, contributing to the sustainability of its tokenomics model [2].

Analysts highlight SparkDEX’s tokenization strategy as a catalyst for DeFi expansion on Flare. The recent adoption of Tether’s omnichannel USD₮0 has generated over $60 million in minting volume, while BitGo’s custody solutions have attracted institutional participation in Flare’s native tokens, including $FLR and Songbird’s $SGB [3]. Institutional confidence is also evident in the $100 million XRP deployment with

VivoPower
, signaling Flare’s potential to integrate traditional finance (TradFi) capital into its decentralized infrastructure [4].

SparkDEX’s collaboration with Uphold to launch XRPFi has expanded XRP’s utility, creating new avenues for on-chain lending and staking [4]. Despite these advancements, $FLR has faced selling pressure after rising to a six-month high, with technical indicators suggesting temporary profit-taking. The Relative Strength Index (RSI) has fallen to 63 from 70, and the MACD histogram has flattened, reflecting cautious investor behavior [5]. However, historical support zones around $0.0220–$0.0230 may provide stability if current downward momentum persists [5].

The $SPRK token launch represents a critical milestone for Flare’s DeFi ecosystem, aiming to solidify its leadership in cross-chain interoperability and institutional adoption. With robust infrastructure and strategic integrations, the network appears well-positioned to capitalize on growing demand for decentralized financial tools. Analysts, however, note that $FLR’s short-term trajectory remains subject to market volatility, though long-term fundamentals, including institutional partnerships, could support further growth [4].

Source:

[1] "SparkDEX Ignites DeFi Momentum with $SPRK Token Launch on Flarepad," CoinGape, July 23, 2025.

[2] "FLR Price Hits 6-Month High Amid SparkDEX Token Launch Buzz," The Defiant, July 23, 2025.

[3] "Flare Blockchain Revolutionizes DeFi with XRP Bridging," OKX, July 24, 2025.

[4] "Flare ($FLR) Targets $0.03 on Institutional & DeFi Momentum," Cryptonews, July 23, 2025.

[5] "ULTRAXRP Live Price Chart, Market Cap & News Today," CoinGecko, July 22, 2025.