### Sky Stablecoin USDS Market Cap Surges#
Hot Topic Overview
Overview
The market cap of USDS, a stablecoin under Sky, has surged recently, exceeding $2.1 billion and ranking fifth in the stablecoin market cap ranking. It has nearly doubled in the past month. USDS issuance has increased by 99% in the past 30 days, representing a 12.50% year-on-year growth, causing a stir in the DeFi space. Among them, $123 million came from DAI swaps, indicating that USDS is attracting more and more users and funds. The rapid growth of USDS has also pushed the total market cap of stablecoins to surpass $209 billion, setting a new historical high.
Ace Hot Topic Analysis
Analysis
The market cap of USDS, a stablecoin under Sky, has recently grown significantly, exceeding $2.1 billion, ranking fifth among stablecoins, with a near 99% increase in the past month. This has caused a stir in the DeFi space, with its issuance growing 99% in the past 30 days and 12.50% year-over-year. The growth of USDS is primarily attributed to its swap with DAI, with $123 million coming from the DAI swap. Additionally, Sky's total locked value has reached £1.45 billion, indicating its growing influence in the DeFi space. The rapid growth of USDS also reflects the trend in the stablecoin market, with more and more users seeking more stable and reliable digital assets.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Sky stablecoin USDS market cap is growing rapidly, nearly doubling in the past month to reach $2.1 billion, becoming the fifth largest stablecoin.
USDS issuance has grown by 99% in the past 30 days, and 12.50% year-over-year, creating a stir in the DeFi space.
Some of USDS growth comes from DAI swaps, with $123 million coming from DAI swaps.
Sky's USDS growth is indicative of the growing demand for stablecoins in the DeFi space.