#USDS market cap exceeds $2.1 billion.#
Hot Topic Overview
Overview
Sky's stablecoin USDS has surpassed $2.1 billion in market capitalization, ranking fifth among stablecoins and nearly doubling in the past month. In the past 30 days, USDS issuance has grown by 99%, with a year-over-year increase of 12.50%, causing a stir in the DeFi space. Of this, $123 million came from DAI swaps. The rapid growth of USDS has made it one of the hottest stablecoins in the DeFi space.
Ace Hot Topic Analysis
Analysis
Sky's stablecoin USDS has surpassed $2.1 billion in market capitalization, ranking fifth among stablecoins and nearly doubling in the past month. According to Defillama data, USDS issuance has grown 99% in the past 30 days, and year-on-year growth is 12.50%, causing a stir in DeFi. The growth in USDS market cap is mainly driven by DAI swaps, with $123 million coming from DAI swaps. USDS's rapid growth also reflects the growing demand for stablecoins in the DeFi market and Sky's increasing influence in the DeFi ecosystem.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
USDS market cap breaks $2.1 billion, becoming the fifth-largest stablecoin.
USDS has grown 99% in the past month and 12.50% year-over-year.
USDS's growth is mainly driven by DAI swaps and the growth of SkyTVL.
The rapid growth of USDS has caused a stir in the DeFi space.