#Sky Stablecoin Market Cap Doubles#
Hot Topic Overview
Overview
Sky's stablecoin USDS has seen rapid market cap growth recently, surpassing $2.1 billion and ranking fifth in the stablecoin market cap ranking. It has nearly doubled in the past month. According to Defillama data, USDS issuance has increased by 99% in the past 30 days, with a year-on-year growth of 12.50%, causing a stir in the DeFi space. The rapid growth of USDS is partly attributed to DAI swaps, with $123 million coming from DAI swaps. Sky's USDS issuance growth has also pushed the total stablecoin market cap to exceed $209 billion, hitting a new all-time high.
Ace Hot Topic Analysis
Analysis
The market cap of Sky's stablecoin USDS has nearly doubled in the past month, surpassing $2.1 billion and ranking fifth among stablecoins. Its issuance has grown by 99% in the past 30 days, and 12.50% year-on-year, making waves in DeFi. According to Defillama, USDS supply grew by 99% last month, with $123 million coming from DAI swaps. Sky's rapid growth also reflects the overall growth trend in DeFi, with the total market cap of stablecoins exceeding $209 billion, a new record high. The growth in Sky's USDS market cap is mainly attributed to its applications within the DeFi ecosystem and its interoperability with other stablecoins.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Sky stablecoin USDS's market cap has nearly doubled in the past month, growing by 99.09%,
USDS's issuance has reached $21.2 billion, making it the fifth largest stablecoin,
USDS's growth is mainly driven by DAI swaps, of which $1.23 billion comes from DAI swaps,
USDS's rapid growth has caused a stir in DeFi