Spark SPK

Ethereum EcosystemDecentralized Finance (DeFi)Lending/Borrowing ProtocolsStablecoin IssuerBinance HODLer AirdropsGovernance

Spark leads in market ecosystem and roadmap delivery, with security and compliance remaining the main focus, currently holding a D- rating.

Rating updated 2026-08-03
D-23.11 / 100

Sector Rank #759 · Global Rank #1470

Roadmap Delivery37.5F
Technical Implementation----
Tokenomics1.18F
Team Governance30F
Market Ecosystem58.21E+
Security & Compliance0F
01

Overall Rating

D- · 23.11 / 100
Roadmap Delivery
37.5
Tokenomics
1.18
Team Governance
30
Market Ecosystem
58.21
Security & Compliance
0
Overall Score
23.11

Spark has an overall rating D-f D (total 25.41), ranking high in market ecosystem, roadmap delivery, and team governance across six dimensions. The main point of deduction is safety compliance (0 points)—mainly affected by regulatory compliance (0 points), multiple-entry ratio (0 points), and other sub-items.

Rating Team Conclusion: "Spark has relative advantages in market ecosystem, roadmap delivery, and team governance, but its current shortcomings are mainly in security and compliance." " It is recommended to observe cautiously and not use it as a core configuration basis for now.

02

Six-Dimension Rating Breakdown

Roadmap Delivery

37/100

Roadmap On Time Delivery Rate?There is a lack of public roadmaps and milestone data, making it impossible to assess.Weight 35%Insufficient data · 40 / 100

Last 4 upgrades achieved?No recent public protocol upgrades, and GitHub activity is missing.Weight 30%No obvious protocol upgrades · 20 / 100

Milestones to Deliver?Lack of public pending delivery milestone information makes assessment impossible.Weight 20%Insufficient data · 40 / 100

History Extension Record?Lack of historical delay records makes effective assessment impossible.Weight 15%Insufficient data · 60 / 100

Technical Implementation

53/100

Consensus Mechanism?Relying on Ethereum's mature PoS consensus mechanism, it offers high security.Weight 30%PoS (Proven) · 90 / 100

Main network years of operation?The mainnet has been running for a long time, accumulating some operational experience.Weight 15%About 3 years · 70 / 100

Recent upgrades?Lack of publicly available up-to-date upgrade information and codebase activities.Weight 35%Insufficient data / lack of updates · 10 / 100

Client Diversity?As a protocol on Ethereum, its client diversity depends on Ethereum.Weight 20%Depends on the underlying chain · 60 / 100

Tokenomics

1.25/100

Deflationary Mechanism?Although there are buyback proposals, tokens can be issued additionally, which is a deflationary mechanism flaw.Weight 30%There is a buyback proposal, but additional issuance is possible · 0 / 100

Inflation rate?Token contracts have permission to issue additional tokens, with no upper limit on the inflation rate.Weight 25%It can be issued additionally and carries a high inflation risk · 0 / 100

Staking rate/position lock-up rate?Token staking or lock data is unclear, resulting in low lock-up ratios.Weight 25%to be on the low side · 5 / 100

Supply Upper Limit?There is a nominal upper limit, but contracts can be issued additional issues; in practice, there is no strict upper limit.Weight 20%There is a nominal limit, but additional issuance is allowed · 0 / 100

Team Governance

27/100

Core Development Team?Lack of publicly available active development team information and code contributions.Weight 30%Low activity and insufficient data · 15 / 100

Governance mechanisms?There are governance proposals and voting activities, indicating community governance.Weight 25%There is a governance mechanism · 60 / 100

Financial Transparency?There is a lack of public information on financial transparency, making it impossible to assess the situation.Weight 25%Insufficient data · 30 / 100

Concentration of key people?Token issuance rights are concentrated, posing serious centralization risks.Weight 20%There is a risk of centralized issuance · 0 / 100

Market Ecosystem

65.5/100

Active Address?The number of active addresses is excellent, and user engagement is high.Weight 30%High activity · 95 / 100

Ecological chain/L2 quantity?Currently, it is mainly deployed on Ethereum, with limited cross-chain ecosystem expansion.Weight 25%1 (Ethereum) · 50 / 100

DeFi TVL?The total value locked in DeFi is high, reflecting the protocol's status within the ecosystem.Weight 25%$7.84 billion (high) · 90 / 100

Developer community?Lack of public developer community activities and code contributions.Weight 20%Low activity · 10 / 100

Security & Compliance

0/100

Historical Major Failure?There is permission for token issuance, which poses extremely high potential security risks.Weight 25%There is permission to issue additional rights, which carries high potential risks · 0 / 100

Regulatory Attitude?Tokens can be issued in additional quantities, but regulatory attitudes may be unfriendly.Weight 30%Insufficient data / biased caution · 0 / 100

Sec Attitude?Tokens can be issued additionally, but the SEC's stance may be unfriendly.Weight 30%Insufficient data / biased caution · 0 / 100

Client Bug Frequency?Lack of public data and the authority to issue additional data are core risks.Weight 15%Insufficient data · 0 / 100

04

D- Peer Comparison

Export CSV
SparkD- · 23.11RogueD- · 26.66GaiAID- · 26.65Artificial Superintelligence AllianceD- · 26.64
Overall Score23.1126.6626.6526.64
Roadmap Delivery37.537.537.537.5
Technical Implementation--------
Tokenomics1.18000
Team Governance30305670.72
Market Ecosystem58.219.6359.9851.84
Security & Compliance051.7500

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