Spark’s Valuation: Understanding Market CapitalizationThe starting point for valuing Spark is its fully diluted market capitalization (FDV) — the total implied value of all SPK tokens at current market prices, regardless of their vesting status. In decentralized protocols, this figure offers a more comprehensive lens than the circulating market cap, since a significant portion of tokens is often reserved for long-term growth incentives, ecosystem development, or team allocations. In Spark’s c...

Spark’s Valuation: Understanding Market CapitalizationThe starting point for valuing Spark is its fully diluted market capitalization (FDV) — the total implied value of all SPK tokens at current market prices, regardless of their vesting status. In decentralized protocols, this figure offers a more comprehensive lens than the circulating market cap, since a significant portion of tokens is often reserved for long-term growth incentives, ecosystem development, or team allocations. In Spark’s c...