Sky Protocol Surpasses $100M Revenue Again as sUSDS Adoption Explodes 149%

TL;DR:

• Gross protocol revenue reached $107.35 million in the quarter ended June 30, 2026, marking a 10.5% year-over-year increase.
• Total ecosystem collateral grew 45.5% compared to the previous year, standing at $12.32 billion.
• The supply of the yield-bearing savings token sUSDS expanded 149% year-over-year to reach $5.52 billion.

Sky Protocol’s Q2 earnings were revealed this Thursday. The ecosystem generated more than $100 million in gross revenue for the second consecutive quarter following the period ended June 30, 2026.

According to the quarterly financial report from the Sky Frontier Foundation, gross protocol revenue reached $107.35 million, representing a 10.5% increase compared to the $97.15 million recorded in the same period in 2025. Meanwhile, net revenue rose 25.1% to $40.09 million, expanding the net revenue margin from 33.0% to 37.3%.

The entity’s accounting documentation highlights that these results produced a net surplus of $33.29 million, extending a run of five consecutive green quarters.

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