Spark (SPK): D-Score 23/100 — Centralized Leaning BlockIndex D-Score: 23/100 (Centralized Leaning). Spark (SPK) is a Layer 2 cryptocurrency using Other consensus. Spark (SPK): Liquidity-first on-chain allocator delivering composable stablecoin yield and governance-defined lending across chains. Source: https://blockindex.ai/coin/spk · Data by BlockIndex.AI · Updated 2026-06-19 D-Score breakdown (0-100, higher means more decentralized) Component: Score: Overall D-Score: 23: Node distribution: 0: Initial distribution: 0: Governance: 16: Age and history: 7: Autonomy: 0: Key facts - Layer: Layer 2 - Consensus: Other (N/A) - Launch: Other (2025) - Founder: N/A - VC funded: No - Max supply: 10,000,000,000 - Circulating: 3,042,289,842 (30.4%) Market data (as of 2026-06-19) - Price: $0.02 - Market cap: $53.7M - 24h volume: $14.15M - 24h change: -4.19% · 7d change: -12.67% About Spark (SPK) is a liquidity-first on-chain capital allocator and composable liquidity infrastructure protocol that focuses on packaging large-scale stablecoin liquidity and yield into products for DeFi, CeFi, and Real World Assets (RWA). At its core, Spark provides an allocator layer (Spark Liquidity Layer, SLL) that routes and deploys capital from large reserves into other protocols and institutional integrations. The project’s principal product offerings include Spark Savings (yield-bearing stablecoins sUSDS and sUSDC), and SparkLend (a governance-defined stablecoin lending market). These products are designed to produce predictable, governance-specified lending rates and fully composable yield tokens that can be used across DeFi composability rails. Spark positions itself as infrastructure for on-chain finance that supplies deep, fee-free, composable liquidity rather than competing directly as a purely retail lending protocol. Technically, SPK is represented as an ERC-20 token on Ethereum (contract 0xc20059e0317de91738d13af027dfc4a50781b066) and the protocol runs vaults and deployments across multiple L1/L2 networks including Ethereum mainnet, Base, Optimism, Arbitrum, Unichain, and Gnosis. The SLL functions as an allocator that explicitly routes liquidity cross-chain and across protocol categories. SparkLend offers governance-defined lending markets for stablecoins, while Spark Savings issues composable, yield-bearing stable tokens intended for integration into downstream protocols and services. The sources emphasize large-scale vault deployments and cross-chain allocation strategies rather than novel consensus or base-layer innovations; consensus and chain-level metrics are not applicable for the ERC-20 token itself. From a tokenomics perspective, SPK has a fixed maximum supply of 10,000,000,000 SPK with approximately 2.16B SPK currently circulating (~21.69% of max). Market snapshots provided in the combined sources report a price of $0.02050, a market capitalization near $44.45M, 24h volume around $24.22M, and a holder count of ~19.38K. The sources do not provide a detailed emission schedule, premine percentage, PIP, or granular vesting schedules; those distribution details were not available in the supplied files. Spark’s on-chain presence is complemented by market tracking on CoinMarketCap, CoinGecko, and CryptoCompare and by explorer listings (Chainz/Cryptoid), which provide supply and block-level visibility in the aggregated sources. Governance and organizational details are referenced at a product level (for example, “governance-defined rates” for SparkLend), but the combined summaries do not include a clear on-chain governance model, DAO charter, or an explicitly named legal entity or CEO. As a result, governance is acknowledged as an operational input to product parameters, but the mechanics of voting, eligibility, and treasury management are not documented in the provided materials. Major operational signals include significant TVL (reported as $7.9B across reported deployments) and highlighted vault deployments (e.g., a $95M USDC Morpho vault on Base), which indicate institutional or large reserve involvement in the allocator model. Roadmap details and development cadence were not present in the supplied files; the project’s forward-looking focus appears centered on expanding cross-chain liquidity allocations, RWA integrations, and institutional product integrations. Links - Website: https://x.com/Imagine_Spark - Whitepaper: N/A - GitHub: N/A --- About the D-Score: BlockIndex.AI rates decentralization from 0 to 100 across node distribution, initial distribution, governance, age and history, and autonomy. Methodology: https://blockindex.ai/dscore