#USDS market cap breaks $2.1 billion#
Hot Topic Overview
Overview
The market cap of USDS, a stablecoin under Sky, has surpassed $2.1 billion, ranking fifth among stablecoins and nearly doubling in the past month. USDS issuance has increased by 99% in the past 30 days and 12.50% year-over-year, creating a stir in the DeFi space. The rapid growth of USDS is mainly attributed to DAI swaps, with $123 million coming from DAI swaps. Currently, the total market cap of USDS has exceeded $2.161 billion, and its growth momentum remains strong against the backdrop of a record high of over $209 billion in total stablecoin market cap.
Ace Hot Topic Analysis
Analysis
Sky's stablecoin USDS has surpassed a market capitalization of $2.1 billion, ranking fifth in the stablecoin ranking. Its value has nearly doubled in the past month, drawing attention in the DeFi space. According to Defillama, USDS's supply has increased by 99% in the past month, and 12.50% year-on-year. Of this, $123 million came from DAI swaps. The rapid growth of USDS has also driven the total value locked in Sky, which reached £1.45 billion as of January 18, 2025. The success of USDS demonstrates the growing market demand for stablecoins and reflects Sky's increasing influence in the DeFi space.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
USDS market cap surpasses $2.1 billion, becoming the fifth largest stablecoin
USDS has grown nearly 99% in the past month
USDS's growth has caused a stir in the DeFi space
USDS's growth is partly due to DAI swaps