#Sky Stablecoin USDS Market Cap Surges#
Hot Topic Overview
Overview
The market cap of USDS, a stablecoin under Sky, has recently surged, exceeding $2.1 billion and ranking fifth among stablecoins. The growth in the past month has nearly doubled. USDS issuance has increased by 99% in the past 30 days and 12.50% year-over-year, causing a stir in the DeFi space. The growth of USDS is mainly attributed to DAI swaps, with $123 million coming from DAI swaps. The rapid growth of USDS has also propelled the total market cap of stablecoins to surpass $209 billion, hitting a new all-time high.
Ace Hot Topic Analysis
Analysis
The market capitalization of USDS, the stablecoin under Sky, has seen a significant increase recently, surpassing $2.1 billion and ranking fifth among stablecoins. The growth in the past month has been close to 99%, causing a stir in the DeFi space. According to Defillama, the USDS issuance has increased by 99% in the past month, with $123 million coming from DAI swaps. USDS' rapid growth is also reflected in Sky's overall development, with its total value locked reaching £1.45 billion as of January 18, 2025. The growth of USDS is mainly attributed to its applications in DeFi and its interoperability with other stablecoins. Currently, the market cap of USDS is still in a rapid growth stage, and its future development is worth looking forward to.
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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 $2.12 billion, making it the fifth largest stablecoin, causing a stir in the DeFi space, USDS's growth is mainly due to DAI swaps, with $123 million coming from DAI swaps, USDS's year-on-year growth rate is 12.50%