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Sky Protocol reported $107.35 million in Q2 2026 gross revenue, up 10.5% year-over-year, as sUSDS supply surged 149% to $5.52 billion.
Sky Protocol's annualized gross revenue has climbed to nearly $419 million, driven by rising demand for its USDS stablecoin and lending vault activity.
$12 billion exited stablecoin protocols on July 19 as Sky Dollar's USDS collapsed and Global Dollar surged, reshaping the competitive landscape.
Sky Protocol (formerly MakerDAO) reported a record $419 million annualized gross revenue run-rate in June 2026, driven by USDS stablecoin supply growth.