#Sky stablecoin market cap surpasses $2.1 billion#
Hot Topic Overview
Overview
Sky's stablecoin USDS has surpassed $2.1 billion in market capitalization, ranking fifth among stablecoins, nearly doubling in the past month and hitting an all-time high. Its issuance has increased by 99% in the past 30 days, with a year-on-year growth of 12.50%, causing a stir in DeFi. The growth of USDS market capitalization is mainly attributed to DAI swaps, with $123 million coming from DAI swaps. Sky's rapid growth also reflects the overall development trend of DeFi, with the total market capitalization of stablecoins exceeding $209 billion, a new all-time high.
Ace Hot Topic Analysis
Analysis
Sky's stablecoin USDS recently surpassed a market capitalization of $2.1 billion, ranking fifth in the stablecoin market, and its growth momentum is very strong. In the past month, USDS's market capitalization has increased by nearly 99%, and its year-over-year growth rate has also reached 12.50%. This rapid growth has caused a stir in the DeFi industry. According to Defillama data, USDS's issuance has increased by 99% in the past month, of which $123 million came from DAI swaps. Sky's USDS growth is mainly due to its applications in the DeFi ecosystem and its cooperation with projects such as MakerDAO. Currently, Sky's total value locked has reached £1.45 billion, indicating its strong influence in the DeFi market. The rapid growth of USDS also reflects the continued growth trend of the stablecoin market and the increasing interest of investors in the DeFi field.
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Public Sentiment
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Classic Views
Sky stablecoin USDS market cap breaks $2.1 billion, ranking fifth largest stablecoin, nearly doubling in the past month.
USDS issuance has increased by 99% in the past month, 12.50% year-over-year, making a splash in DeFi.
USDS's growth is partly driven by DAI swaps, with Sky's total value locked at £1.45 billion as of January 18, 2025.
Total stablecoin market cap breaks $209 billion, a new all-time high, with USDT market share at 66.12%.