#Sky stablecoin USDS market cap surpasses $2.1 billion#
Hot Topic Overview
Overview
Sky's stablecoin USDS market cap has surpassed $2.1 billion, ranking fifth among stablecoins and nearly doubling in the past month. According to Defillama data, USDS issuance has increased by 99% in the past month and 12.50% year-on-year, causing a stir in DeFi. The growth of USDS is mainly driven by DAI swaps, with $123 million coming from DAI swaps. Sky's rapid growth is also reflected in its TVL, which reached £1.45 billion as of January 18, 2025.
Ace Hot Topic Analysis
Analysis
Sky's stablecoin USDS has surpassed $2.1 billion in market capitalization, jumping to the fifth position in the stablecoin rankings. The coin has nearly doubled in value over the past month, exhibiting strong growth momentum. According to Defillama data, USDS issuance has increased by 99% in the past month and 12.50% year-on-year, causing a stir in the DeFi space. The growth in USDS market capitalization is primarily driven by DAI swaps, with $123 million coming from DAI swaps. Sky's USDS issuance has reached $2.12 billion, surpassing $2 billion to become the fifth largest stablecoin. The rapid growth of USDS has also pushed the total stablecoin market capitalization to exceed $209 billion, setting a new all-time high. USDS's growth momentum is strong, and its future development deserves attention.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Sky stablecoin USDS market cap surpasses $2.1 billion, becoming the fifth largest stablecoin and nearly doubling in the past month.
USDS's rapid growth has sent shockwaves through the DeFi space, with a 99% increase in the past 30 days and a 12.50% year-on-year growth.
USDS's growth is partly attributed to DAI swaps, with $123 million coming from DAI swaps.
Sky's total value locked (TVL) reached £1.45 billion as of January 18, 2025.