Spark Price in India (SPK)

Spark is an on-chain capital allocator focused on efficiently deploying stablecoin liquidity at scale. Rather than competing with other DeFi projects, it operates in the background, supporting them by delivering consistent liquidity and yield. It helps users earn stable, competitive passive income while solving liquidity fragmentation and yield volatility in the crypto space.

Spark was developed by Phoenix Labs, which was founded by former MakerDAO engineers.

• SPK token: SPK is the native utility token within the Spark ecosystem. The token has several utilities within the ecosystem, such as staking to earn rewards and governance.

• SparkLend: SparkLend is the main lending feature where users can deposit assets like ETH, DAI, or stETH to earn interest or borrow assets like USDS by putting up collateral.

• sDAI (Savings DAI): sDAI is a special stablecoin that earns interest automatically. Users can later withdraw their savings as USDC, DAI, or USDS.

• Non-competitive support role: Instead of competing with other protocols, Spark quietly supports them by providing steady liquidity and enhancing ecosystem growth.

SPK, with its yield optimization, offers real utility by acting as an on-chain capital allocator, efficiently deploying stablecoin liquidity across various protocols to generate consistent returns. With features like SparkLend, sDAI, and Spark Conduits, it provides users with easy access to lending, borrowing, and passive income opportunities. Its non-competitive, support-based approach to strengthening the broader DeFi ecosystem adds long-term value, making SPK a strong contender in the evolving DeFi space.

You can buy SPK from crypto platforms like CoinSwitch.

• SPK can be bought and traded on crypto platforms like CoinSwitch. 

• SPK token facilitates all transactions and participation in the Spark ecosystem.

• SPK token can be staked to earn Spark Points as rewards.

• SPK token holders can vote on network decisions via snapshot voting.

• Spark optimizes stablecoin yields across DeFi and real-world assets.

• The platform allows users to earn interest easily through tools like SparkLend and sDAI.

• It supports other DeFi protocols rather than competing with them.

• SPK is subject to market volatility like all cryptos.

• Due to its nascent stage, it is not widely known outside the DeFi niche.

• The platform is subject to smart contract risks like any DeFi protocol.

• Start investing in SPK with just ₹100.

• CoinSwitch provides a seamless and intuitive trading experience for users.

• Easily manage your transactions and portfolio on the app.

Spark (SPK) was launched on the Gate Launchpad from June 18 to June 25, 2025, distributing about 0.01% of the total 10 billion supply through a free launchpool campaign. The remaining tokens are locked under a vesting schedule: 65% earmarked for liquidity farming, 23% for ecosystem growth, and 12% allocated to the core team and contributors.