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FlareSignal · XRPFi DeFi Intelligence
SparkDEX Intelligence
Look through SparkDEX spot liquidity to separate direct productive FXRP from downstream stXRP receipts representing capital already counted inside Firelight.
YIELD INTELLIGENCE · SPARKDEX
Liquidity Yield Intelligence
Separate realised LP fee output from gross protocol fee economics, incentive distributions and resting liquidity. A pool balance is not an APY.
Yield accounting: Gross fee parents and distribution children are reconciled rather than summed twice.
FXRP FEE ECONOMICS
Reconstructed FXRP Fee Distribution
The gross fee pool is the parent. LP fees, xSPRK distribution, buyback/burn and foundation allocation are its children and are never added again on top of gross fees.
Capital accounting
Direct vs Look-through Capital
If 1 FXRP sits directly in a SparkDEX pool, it adds 1 FXRP to observed productive capital. If 1 stXRP sits in a SparkDEX pool, its FXRP backing is shown as a downstream location but adds zero new underlying XRP because that backing already exists in Firelight's totalAssets.
Current observed coverage
Productive FXRP
This gross-exposure indicator adds protocol-role balances and can overlap where managed capital is deployed externally. For unique-capital analysis, XRPFi uses a conservative productive floor and upper bound rather than treating this total as unique FXRP.
SIGNATURE CAPITAL MAP · DEX LIQUIDITY
Capital State + Verified Liquidity Structure
Separate direct FXRP liquidity from the stXRP receipt layer before reading SparkDEX pool coverage. Pool balances are measured capital state; executed swaps are a separate event-evidence class.
Capital location history
SparkDEX FXRP / stXRP Look-through
Pool coverage
V2 · V3.1 · V4 Inventory Coverage
Coverage: historical pool discovery and current-liquidity coverage are tracked separately. Aggregate liquidity is marked VERIFIED only when the current target inventories for V2, V3.1 and V4 are covered.
Spot liquidity
FXRP / stXRP SparkDEX Pools
| Pool | Version | Fee tier | Direct FXRP | stXRP | stXRP look-through | Token 0 balance | Token 1 balance | Quality | Contract |
|---|---|---|---|---|---|---|---|---|---|
| v4 | 0.01% | 1,900,448.264446 FXRP | 3,029,160.788310 stXRP | 3,035,116.118420 FXRP | 3,029,160.788310 stXRP | 1,900,448.264446 FXRP | verified | View pool | |
| v4 | 0.30% | 730,148.258140 FXRP | 0.000000 stXRP | 0.000000 FXRP | 730,148.258140 FXRP | 890,208.398080 USD₮0 | verified | View pool | |
| v4 | 0.30% | 409,067.836713 FXRP | 0.000000 stXRP | 0.000000 FXRP | 93,219,593.780509 WFLR | 409,067.836713 FXRP | verified | View pool | |
| WETH/ | v3.1 | 0.30% | 350,358.898310 FXRP | 0.000000 stXRP | 0.000000 FXRP | 0.000051 WETH | 350,358.898310 FXRP | verified | View pool |
| v3.1 | 0.05% | 212,709.235252 FXRP | 0.000000 stXRP | 0.000000 FXRP | 212,709.235252 FXRP | 206,832.945487 USD₮0 | verified | View pool | |
| v3.1 | 0.05% | 13,775.855784 FXRP | 18,563.264261 stXRP | 18,599.759639 FXRP | 18,563.264261 stXRP | 13,775.855784 FXRP | verified | View pool | |
| v3.1 | 0.05% | 20,819.529195 FXRP | 0.000000 stXRP | 0.000000 FXRP | 5,469,619.206693 WFLR | 20,819.529195 FXRP | verified | View pool | |
| v4 | 0.30% | 0.000000 FXRP | 8,332.582544 stXRP | 8,348.964401 FXRP | 1,765,028.830551 WFLR | 8,332.582544 stXRP | verified | View pool | |
| v3.1 | 0.30% | 985.663795 FXRP | 0.000000 stXRP | 0.000000 FXRP | 293,466.298871 WFLR | 985.663795 FXRP | verified | View pool | |
| v4 | 0.30% | 0.000000 FXRP | 634.210230 stXRP | 635.457087 FXRP | 634.210230 stXRP | 812.733607 USD₮0 | verified | View pool | |
| v3.1 | 0.05% | 0.000000 FXRP | 335.270891 stXRP | 335.930034 FXRP | 189,407.515243 WFLR | 335.270891 stXRP | verified | View pool | |
| WETH/ | v4 | 0.16% | 235.203644 FXRP | 0.000000 stXRP | 0.000000 FXRP | 0.129612 WETH | 235.203644 FXRP | verified | View pool |
| v3.1 | 1.00% | 211.478890 FXRP | 0.000000 stXRP | 0.000000 FXRP | 88,394.917944 WFLR | 211.478890 FXRP | verified | View pool | |
| WETH/ | v3.1 | 0.05% | 71.487969 FXRP | 0.000000 stXRP | 0.000000 FXRP | 0.035411 WETH | 71.487969 FXRP | verified | View pool |
| v4 | 0.30% | 54.062743 FXRP | 0.000000 stXRP | 0.000000 FXRP | 67.722980 USDT | 54.062743 FXRP | verified | View pool |
Methodology
Pool balances, not invented TVL
V2 target pools use pair reserves. V3.1 and V4 target pools use actual ERC-20 balances at the recovered pool address. V3.1 raw concentrated-liquidity state is retained separately where available. FlareSignal reports token balances, not an invented USD TVL figure.
Official ecosystem links
SparkDEX sources
V2/V3.1 contract infrastructure remains tied to SparkDEX's published contract overview. V4 current pools are discovered from the active SparkDEX V4 market index and are only counted after FlareSignal independently verifies contract code and reads the relevant FXRP/stXRP balances on-chain. Discovery provenance and balance provenance remain separate.
PRO DEPTH · ANALYTICAL LAB