{"protocol_slug":"spark","protocol_name":"Spark","score":66.73,"confidence":"standard","confidence_tag":"STANDARD","missing_categories":["governance"],"component_coverage":0.7,"components_populated":19,"components_total":27,"category_scores":{"revenue":68.33,"security":33.53,"liquidity":75.73,"token_health":60.68,"balance_sheet":80.69},"component_scores":{"tvl":85,"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":36.23,"mcap_tvl_ratio":89.15,"protocol_dex_tvl":85,"utilization_rate":47.81,"tvl_concentration":39.85,"audit_recency_days":0.0,"treasury_total_usd":70,"fees_tvl_efficiency":20.53,"governance_stability":40.0,"market_listing_velocity":80.0,"protocol_admin_key_risk":70.0},"raw_values":{"tvl":4729903970.0584,"fees_30d":14531137,"pool_depth":24,"token_mcap":54739539.58749238,"audit_count":0,"chain_count":8,"revenue_30d":4359341.1,"bad_debt_ratio":0.0,"fees_tvl_ratio":0.03686621231717036,"mcap_tvl_ratio":0.011573076310641568,"protocol_dex_tvl":4729903970.0584,"utilization_rate":24.34434524340778,"tvl_concentration":72.10532052121263,"audit_recency_days":730,"treasury_total_usd":85643338,"fees_tvl_efficiency":0.011059863695151108,"governance_stability":40.0,"market_listing_velocity":80.0,"protocol_admin_key_risk":70,"treasury_stablecoin_pct":7.939330910262618e-08},"formula_version":"v0.3.0","computed_at":"2026-06-13T10:28:56.749205+00:00"}