#USDS market cap exceeds $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 grown 99% in the past month and 23.69% in the past seven days. Its issuance has increased by 99% in the past month and 12.50% year-over-year, causing a stir in the DeFi space. USDS's growth is mainly driven by DAI swaps, with $123 million coming from DAI swaps. The rapid growth of USDS has made it the fifth largest stablecoin and pushed the total market capitalization of stablecoins to over $209 billion, setting a new record high.
Ace Hot Topic Analysis
Analysis
Sky's stablecoin USDS has surpassed $2.1 billion in market capitalization, ranking fifth among stablecoins and nearly doubling in the past month. According to Defillama data, USDS issuance has increased by 99% in the past 30 days, with a year-over-year growth of 12.50%, creating a stir in DeFi. The rapid growth of USDS's market cap is mainly attributed to its swaps with DAI, with $123 million coming from DAI swaps. Furthermore, Sky's total value locked has also reached £1.45 billion, demonstrating its growing influence in the DeFi ecosystem. The rapid growth of USDS indicates investors' increasing trust in Sky and the continued demand for DeFi stablecoins.
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 has grown 99% in the past month and 12.50% year-over-year.
USDS's growth is primarily due to DAI swaps and the increase in Sky TVL.
The rapid growth of USDS has created a buzz in the DeFi space.