Sky
SKY
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Sky price
in EUR€0.064193
+€0.0025848 (+4.19%)
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Market cap
€1.50B #46
Circulating supply
23.4B / 23.46B
All-time high
€0.06712
24h volume
€23.45M
About Sky
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The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice.
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OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
Sky’s price performance
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Sky on socials
After logging into Binance with $USDe, if you can still take in Hyperliquid's USDH, then Ethena has fulfilled the dream of on-chain stablecoin since its inception.
The proposed solution balances compliance, innovation, and revenue, which I personally think is the most suitable. Of course, Sky's proposal is also quite sincere, and both can provide good support in terms of resources and revenue capabilities. Ethena's competitiveness lies in its ability to offer some innovation and transformation:
For example, the yield-bearing USDH margin fully utilizes its own track advantages, bringing this structural yield into the Hyper system. Prime Brokerage achieves diversified margins, allowing users to use a variety of assets as collateral for trading, such as BTC, HYPE, USDe, rather than being limited to USDC. This somewhat addresses Hyperliquid's current efficiency issues.
From the given conditions, I think both Ethena and Sky are quite generous, and both have sufficient revenue capabilities, providing high returns for HYPE. If I had to choose, I would pick between these two.
Another strong point for Ethena is its deeper collaboration with traditional institutions, such as BlackRock, Anchorage Digital Bank, and Securitize. This will facilitate the opening of the RWA market or stock tokenization in the future, allowing for more stories to be told in the long run. In contrast, Sky, Frax, and others lack the "institutional muscle" in this regard.
There you go, Maker ppl flexing how good it is for fractional reserve and how much USDC they have as a despair attempt to win USDH bid. Couldn't stray further away from DecentralizedGod
It reminds me of the when all the teams were flexing how American based they are few months ago
Watch these moments carefully there is a lot to learn. It's common to see projects taking the gloves off trying to chase a hype wave
Sam MacPherson
All respect to the USDH competitors, but there are two likely winners depending on whether Hyperliquid is looking for a full or fractional reserve stablecoin.
Full-reserve winner: Paxos
Fractional-reserve winner: Sky
Full reserve stablecoins all share the same problem in that onchain peg liquidity is a significant issue. They need to pay very expensive incentives to third parties to maintain this liquidity with other larger stablecoins such as USDC.
Fractional reserve stablecoins are superior in this regard because they can market make their own peg and use the balance sheet to generate higher returns from things such as defi money markets.
Sky is the largest onchain holder of USDC apart from Hyperliquid itself, so this is a natural choice if they choose to go the fractional-reserve route.
No matter the outcome, it's going to be a fun week.
Guides
Find out how to buy Sky
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Predict Sky’s prices
How much will Sky be worth over the next few years? Check out the community's thoughts and make your predictions.
View Sky’s price history
Track your Sky’s price history to monitor your holdings’ performance over time. You can easily view the open and close values, highs, lows, and trading volume using the table below.
Sky on OKX Learn
USDS Repurchase and SKY Tokenomics: How Sky Protocol Is Redefining DeFi Governance
Introduction to USDS Repurchase and SKY Tokenomics Sky Protocol, formerly known as MakerDAO, has established itself as a pioneer in the decentralized finance (DeFi) space. With its innovative governan
Sky SKY Price Predictions for 2026: Monthly Growth Insights and Market Trends
Introduction to Sky (SKY) Cryptocurrency and Its Market Position Sky (SKY) cryptocurrency has emerged as a prominent player in the blockchain ecosystem, gaining attention for its innovative features a
MKR to SKY Swap: Key Dates, Benefits, and What You Need to Know
Understanding the MKR to SKY Token Swap The MakerDAO ecosystem is undergoing a transformative rebranding of its MKR token to SKY. This transition is a key component of MakerDAO's broader 'Endgame' str
Sky USDS Repurchase: How Token Buybacks Are Boosting Investor Confidence and Liquidity
Introduction to Sky USDS Repurchase Sky USDS repurchase strategies have become a cornerstone of Sky’s approach to enhancing investor confidence and driving liquidity within the decentralized finance (
Diversify your portfolio with over 60 euro trading pairs available on OKX
Sky FAQ
Currently, one Sky is worth €0.064193. For answers and insight into Sky's price action, you're in the right place. Explore the latest Sky charts and trade responsibly with OKX.
Cryptocurrencies, such as Sky, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Sky have been created as well.
Check out our Sky price prediction page to forecast future prices and determine your price targets.
Dive deeper into Sky
SKY is the governance token of the Sky Ecosystem and the technical and functional evolution of MKR.
Market cap
€1.50B #46
Circulating supply
23.4B / 23.46B
All-time high
€0.06712
24h volume
€23.45M