#Sky stablecoin USDS market cap surges#
Hot Topic Overview
Overview
Sky's stablecoin USDS has seen a significant surge in market capitalization recently, surpassing $2.1 billion and becoming the fifth-largest stablecoin. Over the past month, USDS market cap has grown by nearly 99%, while year-over-year growth stands at 12.50%, causing a stir in the DeFi industry. USDS issuance has reached $2 billion, with $123 million coming from DAI swaps. Sky's total value locked has also reached £1.45 billion.
Ace Hot Topic Analysis
Analysis
Sky's stablecoin USDS has seen a significant increase in market capitalization recently, exceeding $2.1 billion and becoming the fifth largest stablecoin. Its value has almost doubled in the past month. According to Defillama data, USDS issuance has grown by 99% in the past 30 days and 12.50% year-on-year, causing a stir in the DeFi space. The growth in USDS market capitalization is mainly attributed to DAI swaps, with $123 million coming from DAI swaps. Additionally, Sky's total value locked has reached £1.45 billion. The rapid growth of USDS signifies the market's recognition of the Sky ecosystem and reflects the growing demand for stablecoins in the DeFi space.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Sky's USDS stablecoin market cap has nearly doubled in the past month, with a growth rate of 99.09%, USDS issuance has reached $21.2 billion, making it the fifth largest stablecoin and causing a stir in DeFi, USDS's growth is mainly driven by DAI swaps, of which $1.23 billion comes from DAI swaps, USDS's year-on-year growth rate is 12.50%