### Sky stablecoin USDS 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. It has nearly doubled in the past month, increasing by 99.09%. The issuance of USDS has grown by 99% in the past 30 days and by 12.50% year-on-year, causing a stir in the DeFi space. The growth of USDS is mainly attributed to DAI swaps, with $123 million coming from DAI swaps. Currently, USDS has a total market capitalization exceeding $2.161 billion, holding a significant position in the total stablecoin market capitalization.
Ace Hot Topic Analysis
Analysis
The market cap of USDS, the stablecoin under Sky, recently surpassed $2.1 billion, jumping to the fifth position in the stablecoin rankings. Its market cap has nearly doubled in the past month, reaching a 99.09% increase. This growth rate has caused a stir in the DeFi space, with a 30-day growth rate of 99% and a year-on-year growth rate of 12.50%. The growth in USDS's market cap is primarily attributed to the rapid increase in its issuance, including $123 million from DAI swaps. Currently, USDS's total market cap has surpassed $2.161 billion, and its growth momentum remains strong, making its future development promising.
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Public Sentiment
Discussion Word Cloud
Classic Views
Sky stablecoin USDS market cap surpasses $2.1 billion, ranking as the fifth largest stablecoin
USDS market cap has increased by nearly 99% in the past month
USDS's growth rate is astonishing, with a year-on-year increase of 12.50%
USDS's growth is partly due to DAI swaps