what's SparkDEX?
SparkDEX is a decentralized finance (DeFi) protocol built on the Flare Network, functioning as a next-generation hub for trading, liquidity provision, and yield generation. It integrates automated market maker (AMM) swaps, perpetual futures trading, staking, and farming mechanisms, enhanced by AI-driven features to optimize user experience and risk management. Users can provide liquidity to pools involving Flare-native assets like FXRP (wrapped XRP), WFLR, and USDT0, earning rewards from trading fees, position margins, and native token incentives. The protocol supports perpetuals trading through its Eternal platform, allowing leveraged positions with collateral such as FXRP, while liquidity providers earn from trader losses and fees. SparkDEX emphasizes security with risk systems to protect funds and seamless integration with Flare's data oracles for high-integrity DeFi operations. It serves as a key liquidity layer for XRPFi, enabling composable yields without custody loss.
SparkDEX partnered with Firelight to provide liquidity infrastructure for the live stXRP liquid staking token.
contract
flare-network
Generated approximately $2,090 in fees over the 30-day period ending around February 17, 2026.
Achieved $137,000 TVL in the WFLR-SPRK liquidity pool on Flare chain with 49.2% current APY and 45.1% 30-day average APY.
SparkDEX partners with Firelight to provide liquidity infrastructure for stXRP, a new liquid staking token for FXRP/XRP that is now live.
The platform achieves over $6 billion in cumulative trading volume.
41% yield available on the platform for users. Tweet references airdrops and multipliers for participants building on Flare Network.
SparkDexAI liquidity pool achieves 24% reward rate in weekly hgETH strategy update.