Sky Protocol Revenue Hits Record $419 Million on Growth in Savings and Yield Products
Sky Protocol posted a record annualized gross revenue run rate of $419.08 million for the second quarter, based on a June operational update from the Sky Frontier Foundation. The latest figure, calculated from the preceding three monthly settlement cycles, represents the highest revenue level recorded for the platform to date.
Sky’s reserve balance closed the month at $82.5 million, up $33.7 million from March, while cumulative yield paid to sUSDS token holders exceeded $250 million. The protocol also released the GROVE governance token for its Grove agent and attracted $44.1 million in total value locked to a new fixed-yield sUSDS product partnered with Pendle Finance in its first month.
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@wublockchainSky Protocol's Annualized Gross Revenue Run Rate Hits Record $419M Sky Frontier Foundation said in its June 2026 financial and operational update that Sky Protocol's annualized gross revenue run rate reached a record $419.08 million, based