Sky Protocol's Stablecoin Market Cap Surges by 135% in Five Months

According to Odaily, since September 17, 2024, the market capitalization of Sky Protocol's native stablecoin has increased significantly from $98.5 million to $2.32 billion, marking a 135% growth over five months. In contrast, the supply of the stablecoin DAI, previously managed by MakerDAO, has decreased from $5.29 billion to $3.62 billion, reflecting a 31.5% decline during the same period.