Sky Protocol's revenue reached a new high of 123.79 millions USD in Q1 2026

According to the Sky Frontier Foundation report, Sky Protocol's revenue in the first quarter of 2026 reached 123.79 million US dollars, a year-on-year increase of 28.9% and a quarter-on-quarter increase of 56.8%, marking a record high. Net surplus was 46.04 million US dollars, accounting for 92.4% of the total net surplus for 2025. Protocol collateral rose year-on-year to 13.03 billion US dollars, with USDS supply reaching 11.7 billion US dollars, a year-on-year increase of 67.9%. sUSDS supply reached 6.49 billion US dollars, making it the largest yield-generating stablecoin. On March 14, Sky governance approved a capital restructuring plan, aiming to establish a 150 million US dollar solvency reserve.