#USDS market cap breaks $2.1 billion#
Hot Topic Overview
Overview
Sky's stablecoin USDS has surpassed $2.1 billion in market capitalization, 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 and by 12.50% year-on-year. Of this, $123 million came from DAI swaps. USDS's rapid growth has made it one of the most watched stablecoins in the DeFi space, and its market capitalization exceeding $2.1 billion reflects market recognition and expectations for it.
Ace Hot Topic Analysis
Analysis
Sky's stablecoin USDS has surpassed $2.1 billion in market capitalization, ranking fifth among stablecoins. Its value has nearly doubled 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-over-year. Of this increase, $123 million came from DAI swaps. USDS's rapid growth has made it the fifth-largest stablecoin, trailing only USDT, USDC, BUSD, and DAI. The growth of USDS has also pushed the total market capitalization of stablecoins to over $209 billion, a new all-time high. The rapid growth of USDS may be related to Sky's business development and market demand, as well as factors such as DAI swaps. USDS's rapid growth also reflects the development trend of the stablecoin market and the increasing demand for stablecoins in the DeFi space.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
USDS market cap surpasses $2.1 billion, becoming the fifth largest stablecoin
USDS market cap has increased nearly 99% in the past month
The rapid growth of USDS has caused a stir in the DeFi space
USDS's growth comes in part from DAI swaps