SPK is Spark's native governance and staking token: it is used for protocol governance, staking participation, and distributing rewards to participants. Spark itself offers savings, borrowing, and liquidity products centered on stablecoins and ETH; SPK is the token for participating in governance and staking within that ecosystem, not a receipt for assets deposited by users.

Spark Price Today, Live Market & Historical Trend Chart

Q: How is SPK used for governance?

SPK is currently used for governance signaling and opinion-gathering votes for Spark, with voting conducted through Snapshot. In other words, holders can express preferences regarding protocol governance; the token's governance role does not amount to a claim on Spark product returns or assets.

Q: What can staking SPK do now, and what is its future use?

Currently, users can stake SPK and earn Spark Points; the Symbiotic protocol also distributes its own points to SPK stakers. Spark's documentation also states that staked SPK may in the future be used to validate and secure products and services within the Spark ecosystem, but this is a future use and should not be conflated with the points rewards currently being distributed.

Q: What are SPK's genesis supply and release schedule?

10 billion SPK were minted at genesis. Of this amount, 65%, or 6.5 billion, was allocated to Sky Farming for distribution by Sky to users over ten years; 23%, or 2.3 billion, was allocated to the Spark ecosystem; and 12%, or 1.2 billion, was allocated to the team. This genesis mint amount cannot be directly treated as the tradable amount at any given time, because the pace at which each portion becomes available differs. The 6.5 billion for Sky Farming is distributed on an annual schedule that is higher earlier and lower later: 1.625 billion each in years 1 and 2, 812.5 million each in years 3 and 4, 406.25 million each in years 5 and 6, and approximately 203.13 million each in years 7 through 10. Of the ecosystem allocation, 17% is available at TGE and 6% is available one year after TGE; the team allocation first undergoes a 12-month lock-up, after which 25% unlocks and the remaining 75% vests over three years.

Q: How can users earn SPK through SPK Farming?

Sky distributes some SPK through the SPK Farm: users deposit USDS into the farm and earn SPK according to the farm's rules. This earning path is part of the Sky Farming distribution mechanism and is separate from simply holding SPK, participating in governance, or staking SPK to earn points.

Q: Can the SPK airdrop still be claimed?

Spark has confirmed that the SPK airdrop has ended: the final claim date for pre-farming rewards and the airdrop was December 17, 2025, after which the airdropped SPK could no longer be claimed. Therefore, any website or platform claiming to offer claims for that airdrop after that date is not part of the completed claim process.

Rank 326

$0.01822

-$0.00050(-2.72%)

Market Cap

$77.80M

24h High

$0.01880

24h Low

$0.01785

24h Turnover

$16.75K

Total Supply

10.00B

Market Sentiment

Neutral

Spark (SPK) Price Performance

View Spark (SPK) Price Prediction

Spark (SPK) has a Last Price of $0.01822, with a 24h change of -2.72%. The 24h low is $0.01785, the 24h high is $0.01880, and the 24h turnover is $16.75K. The current market cap is approximately $77.80M, ranking 326 by market cap and accounting for 0.0035% of the total crypto market cap. The All-Time High is $0.19866 (⁦2025-07-23⁩), with a change from the All-Time High of -90.83%.

7 Days
-7.55%
Low
$0.01785
High
$0.02018
30 Days
-14.09%
Low
$0.01785
High
$0.02839
90 Days
+4.95%
Low
$0.01299
High
$0.02839
1 Year
-58.63%
Low
$0.01299
High
$0.06431

Fear & Greed Index

0 Extreme Fear100 Extreme Greed

Yesterday: 50; Normal
Last Week: 55; Normal
Last Month: 71; Greed

The Fear & Greed Index is currently 51/100, in the Normal zone; change from yesterday: +1, from last week: -4, and from last month: -20. Lower values indicate more fearful sentiment, while higher values indicate more greedy sentiment. This does not represent price change.

Why Did Spark (SPK) Fall in the Last 24 Hours?

The bid-to-ask depth ratio across the top five order-book levels was 1.34, indicating a slight bid-side advantage but an otherwise relatively balanced book. Neither the largest bid nor the largest ask met the threshold for a pronounced order wall, so the snapshot showed no clear one-sided pressure or support. An hourly candle at 01:00 UTC on 2026-10-24 rose modestly, against the narrow overall movement during the report’s statistical window, without showing a clear directional breakout. Moving-average signals were bearish on the 15-minute, 4-hour, and daily intervals, and neutral on the hourly interval. RSI was neutral across all intervals, ADX was below 25 on each, and there were no MACD crossovers. Together, these indicators are more consistent with consolidation and limited trend strength than with a strong trend.

About Spark (SPK)

Spark is an ONCHAIN CAPITAL ALLOCATOR, with $3.95B deployed across DeFi, CeFi, and RWA. It unlocks capital efficiency at scale, auto-balancing allocations based on market conditions while maintaining a conservative risk profile.

Use Cases and Features

SPK is Spark’s native governance and staking token. Holders can vote directly on proposals or delegate voting power to representatives; governance can affect protocol budgets, risk settings, asset onboarding, liquidity-layer integrations, and new-chain deployments. SPK can also be staked, with stakers able to receive Spark Points; in the future, staked SPK is planned to be used to validate and secure products and services in the ecosystem. Spark serves stablecoin and ETH savings, lending and borrowing, and on-chain liquidity-allocation use cases.

Supply and Issuance Mechanism

10 billion SPK were minted at genesis. Of these, 65% (6.5 billion) are distributed by Sky through farming over ten years; 23% (2.3 billion) are allocated to the Spark ecosystem, and 12% (1.2 billion) to the team. The team allocation has a 12-month 25% cliff, with the remainder vesting over three years.

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Spark (SPK) Basics & Market Insights

Fundamentals

Gate Alpha Launches Spark (SPK): Trade to Enjoy Multiple Airdrop RewardsBeginner

What is SPK? An in-depth analysis of the core Token of Spark governance and rewards mechanism.Beginner

SPK Latest Update: After the Price Drop, Is a Rebound Possible? A Look at Support and Resistance Levels and Position TrendsBeginner

Market Analysis

Spark’s 100 Million SPK Buyback: Can Protocol Revenue Sustain Continued Token Value Accrual?An in-depth analysis of Spark Protocol’s 100 million SPK token buyback, clarifying the relationship between the token buyback mechanism, protocol revenue, and token value, while objectively assessing the buyback’s actual impact on price.2026-08-25

Why Has SPK’s Price Risen 43% in 7 Days? Can Spark’s On-Chain Capital Allocation Logic Support Another Rally?Spark (SPK) has pulled back 15.81% after surging more than 43% over the past seven days, with its current price at $0.01922. Taking into account Spark’s Q1 financial results, TVL data, and token unlock expectations, this analysis examines the structural logic behind the latest rebound and its key support zones.2026-08-25

Spark (SPK) Price Watch: Pullback to Key Support Level and Capital Allocator Value ReassessmentCompared to its all-time high of $0.1986, SPKs market cap has undergone a significant correction, prompting the market to reassess the fundamental value of this "on-chain capital allocator."2026-04-01

Frequently Asked Questions About Spark (SPK)

What is SPK?

How is SPK used for governance?

What can staking SPK do now, and what is its future use?

What are SPK's genesis supply and release schedule?

How can users earn SPK through SPK Farming?

Can the SPK airdrop still be claimed?

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