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FlareSignal · XRPFi DeFi Intelligence

sparkdex logoSparkDEX Intelligence

Look through SparkDEX spot liquidity to separate direct productive FXRP from downstream stXRP receipts representing capital already counted inside Firelight.

sparkdex logoDirect FXRP in PoolsSTALE
3,638,002.25token
sparkdex logostXRP in PoolsSTALE
2,723,074.29token
sparkdex logostXRP Look-through FXRPSTALE
2,723,267.63token
sparkdex logoGross Productive ExposureSTALE
75,321,666.48token

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.

RECONCILED
Gross fee pool4,885.948780 FXRPeconomic parent
LP fees4,275.205182 FXRPadditive LP output
xSPRK244.297439 FXRPdistribution child
Buyback / burn244.297439 FXRPdistribution child
Foundation122.148719 FXRPdistribution child
Reconciliation delta-0.0000000012 FXRPtarget = zero
sparkdex logoV2VERIFIED
79.40 FXRP63.39 stXRP · OFFICIAL FACTORY
sparkdex logoV3.1VERIFIED
582,510.14 FXRP18,852.74 stXRP · FACTORY + CURRENT INDEX
sparkdex logoV4VERIFIED
3,055,412.70 FXRP2,704,158.16 stXRP · CURRENT INDEX + CHAIN BALANCE
sparkdex logoGENERATION COVERAGE3 / 3Current spot-generation inventory

Capital accounting

Direct vs Look-through Capital

NO DOUBLE COUNTING
FXRP iconDirect FXRP liquidity3,638,002.25 FXRPCounts as unique productive FXRP
stXRP iconstXRP liquidity2,723,074.29 stXRP2,723,267.63 FXRP look-through backing, already counted in Firelight

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

sparkdex logoProductive FXRP

51.41%gross productive-role exposure divided by FXRP supply; use the XRPFi page for overlap-safe unique-capital bounds
sparkdex logoTarget pools found25.00
FXRP iconFXRP pools19.00
stXRP iconstXRP pools9.00
sparkdex logoOutstanding stXRP on SparkDEX5.15%

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.

VISUALsparkdex logoSPARKDEX
DIRECT FXRP PATH
UNDERLYINGXRPorigin capital
FXRP iconFXRP3,638,002.25 FXRPdirect pool inventory
sparkdex logoSparkDEX19.00 poolsverified direct-FXRP pool set
RECEIPT LAYER
firelight logoFirelightstXRP iconstXRPreceipt over already-counted FXRP
LOOK-THROUGH2,723,267.63 FXRPcontext only, non-additive
sparkdex logoSparkDEX2,723,074.29 stXRPreceipt-layer pool state
EVIDENCE CLASS
POOL STATEMeasuredverified balances on Flare
SWAPSEvent evidenceunique executions only when reconstructed
OVERLAPManagedstXRP look-through is never added again
Direct FXRP and stXRP receipt-layer exposure are separate accounting views.Resting liquidity and measured balance changes never masquerade as executed trades.

Capital location history

sparkdex logoSparkDEX FXRP / stXRP Look-through

DRAG TO INSPECT
Direct FXRP —stXRP look-through —

Pool coverage

V2 · V3.1 · V4 Inventory Coverage

3 / 3 CURRENT
V2 factory pairs100.0%
97 / 97 official factory pairs inspected
V3.1 current inventoryCURRENT
The official V3.1 factory remains authoritative. Current target pools are cross-checked against the active DEX index while older PoolCreated history is still being indexed.
V4 current inventoryCURRENT
V4 pool addresses are discovered from the SparkDEX V4 market index, then contract code and every FXRP/stXRP balance are independently read from Flare chain state; token0/token1 is also read on-chain when the pool ABI exposes it.

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

sparkdex logoFXRP / stXRP SparkDEX Pools

V2 + V3.1 + V4
PoolVersionFee tierDirect FXRPstXRPstXRP look-throughToken 0 balanceToken 1 balanceQualityContract
stXRP iconstXRP/FXRP iconFXRPv4 0.01% 2,042,937.575197 FXRP 2,695,526.384009 stXRP 2,695,717.766382 FXRP 2,695,526.384009 stXRP 2,042,937.575197 FXRP verified View pool
FXRP iconFXRP/USD₮0v4 0.30% 719,218.326303 FXRP 0.000000 stXRP 0.000000 FXRP 719,218.326303 FXRP 1,019,541.883414 USD₮0 verified View pool
WETH/FXRP iconFXRPv3.1 0.30% 352,604.652201 FXRP 0.000000 stXRP 0.000000 FXRP 0.001121 WETH 352,604.652201 FXRP verified View pool
WFLR iconWFLR/FXRP iconFXRPv4 0.30% 292,935.660952 FXRP 0.000000 stXRP 0.000000 FXRP 78,873,858.657860 WFLR 292,935.660952 FXRP verified View pool
FXRP iconFXRP/USD₮0v3.1 0.05% 191,531.271663 FXRP 0.000000 stXRP 0.000000 FXRP 191,531.271663 FXRP 220,409.503378 USD₮0 verified View pool
stXRP iconstXRP/FXRP iconFXRPv3.1 0.05% 16,430.401059 FXRP 18,575.335863 stXRP 18,576.654712 FXRP 18,575.335863 stXRP 16,430.401059 FXRP verified View pool
WFLR iconWFLR/FXRP iconFXRPv3.1 0.05% 20,693.522353 FXRP 0.000000 stXRP 0.000000 FXRP 5,885,460.404632 WFLR 20,693.522353 FXRP verified View pool
WFLR iconWFLR/stXRP iconstXRPv4 0.30% 0.000000 FXRP 8,286.442568 stXRP 8,287.030905 FXRP 1,827,406.894452 WFLR 8,286.442568 stXRP verified View pool
WFLR iconWFLR/FXRP iconFXRPv3.1 0.30% 935.446909 FXRP 0.000000 stXRP 0.000000 FXRP 303,028.788252 WFLR 935.446909 FXRP verified View pool
stXRP iconstXRP/USD₮0v4 0.30% 0.000000 FXRP 345.329895 stXRP 345.354413 FXRP 345.329895 stXRP 509.923233 USD₮0 verified View pool
WFLR iconWFLR/stXRP iconstXRPv3.1 0.05% 0.000000 FXRP 277.401364 stXRP 277.421060 FXRP 200,423.669562 WFLR 277.401364 stXRP verified View pool
WETH/FXRP iconFXRPv4 0.16% 269.988926 FXRP 0.000000 stXRP 0.000000 FXRP 0.130651 WETH 269.988926 FXRP verified View pool
WFLR iconWFLR/FXRP iconFXRPv3.1 1.00% 220.733494 FXRP 0.000000 stXRP 0.000000 FXRP 139,156.184390 WFLR 220.733494 FXRP verified View pool
WETH/FXRP iconFXRPv3.1 0.05% 71.065832 FXRP 0.000000 stXRP 0.000000 FXRP 0.035605 WETH 71.065832 FXRP verified View pool
USDT/FXRP iconFXRPv4 0.30% 51.152133 FXRP 0.000000 stXRP 0.000000 FXRP 71.434734 USDT 51.152133 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 logoSparkDEX 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

SparkDEX Structure Lab

PRO
Deep history30D · 90D · 1Y · AllLong-cycle protocol structure
Timing lensActivity / state changeWhen defensible protocol evidence is moving
Structure lensConcentration · MixWhere capital or activity is concentrated
Historical contextMedian · Range · PercentileCurrent state against retained history