> One of the fastest growing DeFi protocols to exist
> Self sufficient with no VC funding
> Generating $273m annualized revenue
Here's our analysis of
@sparkdotfi, a flagship Defi protocol protecting capital and delivering sustainable yields
Spart is an institutional-grade DeFi protocol for everyone
Looking at data from July alone, Spark now has 17% of the lending market. A 700% increase since July
@aave has the largest market share of the lending market but has since had a 3% drop since July. Note that lending market is different from TVL
Speaking of TVL, Spark boasts of over $8bn at the moment, thanks to data from
@DefiLlama, with a peak TVL of $10.4b earlier in November. This represented a 40% TVL increase since July
You can use
@sparkdotfi on a number of chains, including Ethereum, Base, Arbitrum, and others. The top 4 chains by TVL are:
🔸 Ethereum
🔸 Base
🔸 Op Mainnet
🔸 Arbitrum
With Ethereum boasting a 95% mindshare
With all these increases in dominance and TVL, while staying robust and safe to use, you'd think the
$SPK token would reflect this strength. But that hasn't been the case
The price of
$SPK has dropped more than 86% from its ATHs. Currently at $74m market cap, is a far cry from other top DeFi protocols.
For context,
@sparkdotfi generates $273m in annualized revenue at an average of $22m monthly. This places Spark as the 5th non-chain revenue-generating crypto project. Here are the top 5:
🔸 Uniswap
🔸 Ethena
🔸
Pump.fun
🔸 Aave
🔸 Spark
$SPK has a total supply of 10b tokens, with 2.4b of that circulating, and 410m staked
It's incredible what the
@sparkdotfi has built with no external funding. A good reminder that you can build something that gains traction as long as it's relevant and a product-market fit