Sky Protocol Smashes Revenue Records Amid Broader Crypto Downturn

Sky Protocol has reported record revenue and earnings despite the broader crypto market struggling in 2026. According to Sky Frontier Foundation, the protocol's annualized gross revenue run rate reached $419.08 million, a significant growth from previous periods.

The report also noted that Sky Reserves closed June at $82.5 million, up approximately $33.7 million from March. 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 by leading an ecosystem-wide security hardening effort to reduce security risks and lower operational costs.

The native token SKY responded positively to the earnings report, posting notable gains and reclaiming both the 20-day and 50-day Exponential Moving Averages (EMAs). Strong demand also supported the token's momentum, with buyers continuing to accumulate in the Spot market for a fourth consecutive day.