#USDS market cap surpasses $2.1 billion.#
Hot Topic Overview
Overview
Sky's stablecoin USDS has surpassed a market cap of $2.1 billion, ranking fifth among stablecoins. Its value has nearly doubled in the past month, attracting attention in the DeFi space. USDS issuance has increased by 99% in the past 30 days, with a year-over-year growth of 12.50%. Of this increase, $123 million came from DAI swaps. USDS' rapid growth has propelled it to become the fifth-largest stablecoin, pushing the total stablecoin market capitalization to a new high of over $209 billion.
Ace Hot Topic Analysis
Analysis
Sky's stablecoin USDS has surpassed $2.1 billion in market cap, ranking fifth among stablecoins and nearly doubling in the past month, attracting attention in the DeFi space. According to Defillama data, USDS issuance has increased by 99% in the past month and 12.50% year-on-year. Of this, $123 million came from DAI swaps. The rapid growth of USDS has made it the fifth-largest stablecoin, behind only USDT, USDC, BUSD, and DAI. The rise of USDS has also pushed the total market cap of stablecoins above $209 billion, a new all-time high.
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Public Sentiment
Discussion Word Cloud
Classic Views
USDS market cap breaks $2.1 billion, becoming the fifth largest stablecoin
USDS has grown by 99% in the past month
The growth of USDS is mainly due to DAI swaps
The growth of USDS has caused a stir in the DeFi space