It's time for part five in my series about @sparkdotfi and the SPK token. This is the last part before doing a summary. Hope you liked the series so far. Where We Are Now: Promise and Pressure Right now, Spark feels like it's at a crossroads. On one hand, the fundamentals look strong: over $3.5 billion in total value locked across lending and savings; growing governance activity; integrations with serious DeFi protocols; and a technical stack that's refreshingly modern. On the other hand, there's pressure. SPK still hasn't found a stable floor. Liquidity is shallow compared to larger tokens. And the pace of decentralized governance is always slower than some expect. There's a real question: can Spark maintain momentum and stay true to its original vision? Personally, I hope it can. Because what Spark represents is something sorely needed in this space, a truly modular, open, transparent protocol that treats stablecoin capital not as a yield chasing toy, but as infrastructure. Something foundational. Something enduring. Final Thoughts Spark isn't trying to win DeFi through hype. It's trying to win it through infrastructure, through building something boring, robust, and sustainable. It's not chasing the retail frenzy or dropping wild Ponzi style APYs. It's methodical. Patient. Serious. And that's why I'm paying attention. Because if Spark can keep doing what it's doing. build openly, govern transparently, and route capital efficiently, it could become a backbone of the decentralized financial system. Not just another protocol, but a network of liquidity, a foundation layer for the next phase of DeFi. Let's see if it can carry that weight. In the coming months, we will see if Spark can reach it's potential or if it will fade away and become one of many.