#Sky Stablecoin Market Cap Soars#
Hot Topic Overview
Overview
Sky's stablecoin USDS has seen a significant increase in market capitalization recently, surpassing $2.1 billion and ranking fifth among stablecoins. Over the past month, USDS market cap has grown by almost 99%, with a year-on-year growth rate of 12.50%, causing a stir in the DeFi space. The growth in USDS issuance is primarily attributed to DAI swaps, with $123 million coming from DAI swaps. Sky's USDS issuance growth has also propelled the total stablecoin market capitalization to surpass $209 billion, setting a new all-time high.
Ace Hot Topic Analysis
Analysis
The market capitalization of Sky's stablecoin USDS has recently surged, exceeding $2.1 billion, placing it fifth among stablecoins and witnessing a 99% increase in the past month. This growth trend has caused a stir in the DeFi space. According to Defillama data, Sky's USDS issuance has increased by 99% in the past month, with $123 million coming from DAI swaps. Sky's USDS issuance is growing rapidly, with its market capitalization increasing by 99% in the past 30 days and 12.50% year-over-year. This growth trend suggests that Sky's USDS is becoming an increasingly popular stablecoin in the DeFi space.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Sky stablecoin USDS market cap is growing rapidly, nearly doubling in the past month, ranking fifth among stablecoins.
USDS issuance is growing rapidly, with a 99% increase in the past month and a 12.50% year-on-year increase, causing a stir in the DeFi space.
USDS market cap exceeds $2.1 billion, of which $123 million came from DAI swaps, indicating its recognition in the DeFi ecosystem.
The growth of Sky stablecoin may be related to the development of the DeFi ecosystem and the increasing demand for stablecoins from users.