Sky Protocol Defies Crypto Market With Record Revenue

Sky Protocol has defied the broader crypto market's struggles in 2026, posting record revenue and earnings. The Sky Frontier Foundation reported that the protocol's annualized gross revenue run rate reached a record $419.08 million, with the June report covering three monthly settlement cycles.

The report also noted that Sky Reserves closed at $82.5 million in June, up approximately $33.7 million from March. Additionally, cumulative yield accrued to Sky Savings USDS (sUSDS) holders has surpassed $250 million since inception.

sUSDS deposits grew 85% year over year from $3.4 billion, while USDS supply expanded 96.9% over the same period. Following the strong results, Sky Frontier Foundation outlined plans to strengthen the ecosystem through an ecosystem-wide security hardening effort to reduce security risks and lower operational costs.