The price of FLR, the native asset of the Flare blockchain, has jumped over 100% from its April low, with trading volume up over 240% in 24 hours, per CoinGecko<\/a> data. The FLR price surge seems to be fueled by growing excitement around SparkDEX \u2014 the network\u2019s biggest decentralized exchange (DEX) and currently its top protocol<\/a> by total value locked (TVL) \u2014 as it gears up to launch its own token<\/a>, SPRK, next week.<\/p>\n The token will debut via Flarepad, a Flare-native launchpad from TrustSwap, becoming the first full-scale Flare-native initial DEX offering. The SPRK token will act as the core governance and utility token for SparkDEX, per the platform\u2019s blog<\/a>.<\/p>\n On top of FLR\u2019s rally, TVL on the Flare network has quadrupled since April, climbing from about $50 million to $224 million by early July, according to DefiLlama\u2019s data.<\/p>\n That surge also appears to have been driven by a few key catalysts: the launch<\/a> of the omnichain USDT0 stablecoin by Tether<\/a> on Flare in May likely brought a wave of stablecoin liquidity, while incentive programs \u2014 such as the rollout of DeFi-enabled FAssets rewards \u2014 seem to have helped sustain momentum into July.<\/p>\n Some of the buzz around FLR and SparkDEX may also be riding on XRP\u2019s recent breakout<\/a>. Flare a is a Layer 1 blockchain protocol designed to bring non-smart-contract assets, like XRP, into decentralized finance. Flare and XRP are closely linked on the technical side as Flare uses its decentralized bridge system, FAssets, to bring XRP on-chain as FXRP, allowing it to interact with DeFi apps on Flare\u2019s Ethereum-compatible smart contract layer, which the XRP Ledger doesn\u2019t support natively.<\/p>\n![\"the-defiant\"](\"https:\/\/thedefiant.io\/_next\/image?url=https%3A%2F%2Fcdn.thedefiant.io%2Fad_4nxfinxcn_gcuxamgpvy0ps9syqfyuc2tkngjf6lq4kr8zx8z8yhw1f5y-82becda4-894c-406f-a8ec-867b537ecfaf.png&w=2048&q=100\"\/)
XRP Momentum<\/h2>\n