### Sky Stablecoin USDS Market Cap Doubles#
Hot Topic Overview
Overview
Sky's stablecoin USDS has nearly doubled in market capitalization in the past month, exceeding $2.1 billion and becoming the fifth largest stablecoin. Its issuance has grown by 99% in the past 30 days and by 12.50% year-on-year, creating a stir in the DeFi space. The growth of USDS is mainly attributed to DAI swaps, with $123 million coming from DAI swaps. The rapid growth of USDS has also pushed the total stablecoin market capitalization to a new all-time high, exceeding $209 billion.
Ace Hot Topic Analysis
Analysis
The market cap of USDS, the stablecoin under Sky, has nearly doubled in the past month, exceeding $2.1 billion and becoming the fifth-largest stablecoin. Its issuance has increased by 99% in the past 30 days and by 12.50% year-on-year, creating a stir in the DeFi space. The rapid growth in USDS's market cap is mainly attributed to its swap with DAI, with $123 million coming from the DAI swap. Moreover, Sky's total value locked has reached £1.45 billion, indicating its increasingly important role in the DeFi ecosystem. The rapid growth of USDS has also pushed the total market cap of stablecoins to surpass $209 billion, a new all-time high.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Sky stablecoin USDS market cap has nearly doubled in the past month, with a growth rate of 99.09%, USDS issuance reached $2.12 billion, becoming the fifth largest stablecoin, and has caused a stir in the Defi field, USDS's growth is mainly due to DAI swaps, of which $123 million came from DAI swaps, USDS's year-on-year growth rate is 12.50%