X @Token Terminal 📊
Token Terminal 📊·2026-01-27 16:37
RT Spark (@sparkdotfi)Spark’s Q4 2025 financial report is out!Below please find the full breakdown of the protocol’s performance, with detailed analysis of revenues, costs, and treasury growth.Key highlights:- Gross protocol returns: $45.4M (aggregate returns across all protocol components)- Net protocol returns: $9.87M (gross returns less cost of capital)- Net protocol surplus: $6.57M (gross returns less operating expenses)- Spark Protocol treasury (end of quarter): $43.22M- $4M strategic investment in Ark ...