Sky Protocol achieved record annualized gross revenue of $419.08 million in Q2 2026, a standout performance during a challenging market. The Sky Frontier Foundation report highlighted that reserves rose to $82.5 million, while cumulative yield for sUSDS holders surpassed $250 million. The native token SKY responded with a 5% gain, reclaiming key moving averages and attracting significant capital inflows. The protocol now plans an ecosystem-wide security hardening initiative.
Sky Protocol posted strong growth despite the broader market struggles of 2026, with the Sky Frontier Foundation reporting a record annualized gross revenue run rate of $419 million. The June report noted that Sky Reserves closed 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 these results, the team plans to lead an ecosystem-wide security hardening effort to reduce security risks while lowering operational costs. The native token SKY defended $0.05 before climbing to a local high of $0.06, reclaiming both the 20-day and 50-day Exponential Moving Averages.
At press time, SKY traded around $0.0602, up 4.98% over the previous 24 hours. Strong capital inflows accompanied the rally, with USD inflows surging to $120 million from $2.4 million a day earlier.
Demand strengthened across both Spot and Futures markets. In Futures trading, inflows rose to $4.16 million, while outflows fell to $3.97 million, as Futures Netflow climbed 14% to $190,000, suggesting traders opened more leveraged positions.
Buyers continued accumulating in the Spot market for a fourth consecutive day. Spot Netflow stood near -$66,000, indicating more SKY left exchanges than entered.
The Stochastic Momentum Index (SMI) climbed to 42. If buying demand persists, the indicator could cross 50, strengthening the bullish outlook.
