Spark Crypto Surge, SPK Increased by 220% in 72 Hours: What’s Happening?
SPK has surged by 330% in just three days as Spark amasses billions in TVL. Following the Ignition Airdrop, SPK experienced a rally propelled by the Overdrive Phase and listings on exchanges.
The spotlight is back on DeFi tokens. As Hyperliquid and leading ETH synthetics gain traction, reflecting Ethereum’s remarkable performance, attention is swiftly diverting to Spark.
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SPK Crypto Soars, Up 220% in 3 Days
SPK, the governance coin for Spark, stands out as one of the top cryptocurrencies for purchase at present, achieving an impressive 220% increase within three days.
This increase has driven to new all-time highs, extending its gains since early July and surpassing June 2025 records.
At current rates, the trend points upward.
On the daily chart, SPK crypto reached a peak of $0.188 earlier today before experiencing a slight pullback.
In the last 24 hours, SPK has increased by 80%, doubling from the peak reached yesterday, significantly outperforming leading Solana meme coins.
Currently, the immediate support level is marked by the June 2025 highs, and as long as this base level holds, buyers will maintain the upper hand. SPK crypto might ascend to greater heights in the upcoming days.
What is Spark Crypto?
Spark is a decentralized finance network crafted to maximize stablecoin yields.
The protocol strives to enhance Decentralized finance efficiency through its diverse product offerings.
SparkLend features a trading market for stablecoin lending where SPK holders can vote on lending rates.
The product gains stability from the Spark Liquidity Layer (SLL), which automates capital movement across various ETH layer-2s, including Optimism and Base.
In essence, SLL optimizes yield generation while ensuring that SparkLend has continuous market fluidity.
Beyond lending, users can accumulate savings through Spark Savings, depositing stablecoins like USDC and USDS to earn attractive yields. Spark Savings can also collaborate with other Decentralized finance protocols.
Spark functions as a “Sky Star,” a subDAO within the Sky Protocol, previously MakerDAO.
To benefit its holders, Spark utilizes the Sky Protocol’s stablecoin reserves.
This enables the network to efficiently allocate capital across Decentralized finance, CeFi, and tangible assets.
At the core of this ecosystem is SPK, primarily utilized for governance. Active holders, including those participating in locking tokens, can earn Spark Points for more SPK rewards.
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Why is SPK Crypto Soaring?
The driving force behind the recent price hike was the successful completion of the Ignition Free token distribution on June 17.
Welcome to the Spark Ignition Free token distribution.
It marks the beginning of a new chapter in DeFi.
Honoring the visionaries. The believers. Those who foresaw the future.
Ignition Phase 1 eligibility checker is now available.
Check your eligibility
pic.twitter.com/mk8aAXkRlm
— Spark (@sparkdotfi) June 12, 2025
During this airdrop, between 200–300 million SPK tokens were allocated to early supporters, igniting FOMO.
Although prices saw a slight dip, a robust recovery occurred thanks to the active Overdrive Phase, which requires SPK holders to stake from July 29 to August 12.
Overdrive is for those who staked, remained, and believed.
It marks the 2nd airdrop phase, allowing you to stake your SPK via @symbioticfi for a share of unclaimed Ignition SPK.
Find out how you can qualify
— Spark (@sparkdotfi) June 18, 2025
Stakers earn additional SPK tokens based on their accrued Spark Points.
Currently, more than 3,000 stakers have committed nearly 130 million SPK.
Spark also incentivizes users who deposit sUSDC in Spark Savings on the OP Live protocol and Unichain.
In an announcement on X, Spark revealed that they are distributing about 76,000 OP tokens weekly to enhance savers’ yields.
We Just Unlocked More OP Rewards
Spark is currently distributing:
~ 76,000 OP/week
~ bringing APY to 4.42% at the current TVLNo lockup periods. No tricks. Just straightforward @Optimism rewards on Spark!
Available until the end of 2025. Get started
— Spark (@sparkdotfi) July 22, 2025
Additionally, SPK crypto enjoyed a available volume boost after being listed on leading exchanges such as Coinbase and Binance. The soaring SPK prices drew countless traders to these platforms, eager to participate in the rising trend, intensifying FOMO.
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SPK Crypto Up 220% in 3 Days: What’s Behind the Spark Rally
- SPK crypto increased by 220% over three days
- SPK trading at new all-time highs
- Completion of Ignition Free token distribution by Spark
- Ongoing Overdrive Phase
The post Spark Crypto Rallying, SPK Up 220% in 3 Days: What’s Happening? appeared first on 99Bitcoins.
