{"protocol_slug":"spark","protocol_name":"Spark","score":73.5,"confidence":"standard","confidence_tag":"STANDARD","missing_categories":["governance"],"component_coverage":0.7,"components_populated":19,"components_total":27,"category_scores":{"revenue":69.08,"security":44.12,"liquidity":86.7,"token_health":60.66,"balance_sheet":88.92},"component_scores":{"tvl":100,"fees_30d":100,"pool_depth":100,"token_mcap":50,"audit_count":0.0,"chain_count":100,"revenue_30d":80,"bad_debt_ratio":100.0,"fees_tvl_ratio":38.82,"mcap_tvl_ratio":89.08,"protocol_dex_tvl":100,"utilization_rate":62.01,"tvl_concentration":52.44,"audit_recency_days":0.0,"treasury_total_usd":70,"fees_tvl_efficiency":22.1,"governance_stability":100.0,"market_listing_velocity":80.0,"protocol_admin_key_risk":70.0},"raw_values":{"tvl":6299767446.970039,"fees_30d":20703160,"pool_depth":27,"token_mcap":53785479.75395793,"audit_count":0,"chain_count":9,"revenue_30d":6210948.0,"bad_debt_ratio":0.0,"fees_tvl_ratio":0.03943604618603654,"mcap_tvl_ratio":0.008537692892112517,"protocol_dex_tvl":6299767446.970039,"utilization_rate":28.602753077793874,"tvl_concentration":63.291030742112234,"audit_recency_days":730,"treasury_total_usd":80317197,"fees_tvl_efficiency":0.011830813855810963,"governance_stability":100.0,"market_listing_velocity":80.0,"protocol_admin_key_risk":70,"treasury_stablecoin_pct":2.391805047347187},"formula_version":"v0.3.0","computed_at":"2026-11-12T16:37:31.696781+00:00"}