Sky SKY
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About Sky
SKY is a governance token, which is like a digital voting share, for Sky Protocol. This system launched in 2024 as a rebrand and upgrade of the older Maker Protocol. Sky Protocol’s main value lies in giving users a simple, secure way to trade, save, and earn rewards without ever giving up control of their funds. It is built around a stablecoin called USDS, which is always worth one US dollar, but it is completely decentralized.
The protocol is run by automated agreements called smart contracts, so there’s no middleman controlling users' money. The system uses two main tokens: USDS for stable savings, and SKY for community governance. users can help secure the network and earn rewards by staking their SKY tokens in the Staking Engine, which is like locking them in an interest-bearing account to help the system run. The protocol also uses SkyLink to seamlessly connect users' funds across different blockchains for faster and cheaper transactions.
The Sky Protocol is unique because it has no single CEO or traditional core team of investors; instead, it is managed entirely by its global community of SKY token holders. This decentralized setup means that SKY is primarily used for two core utilities: it grants essential voting power to decide on all major system changes, and it can be staked in the Staking Engine to help secure the network and earn rewards. Staking also provides holders with the ability to borrow the USDS stablecoin, making SKY the essential key for both governance and income generation within the ecosystem.
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Global Sky Prices
Frequently asked questions
What is the current price of Sky?
Sky (SKY) is trading at $0.0499 as of June 26, 2026. Prices update throughout the day from market data.
What is the market cap of Sky?
Sky has a market capitalisation of $1,162,753,589, which ranks it number 59 among all cryptocurrencies by market cap.
What is the all-time high of Sky?
The all-time high for Sky is $0.1005, reached on December 4, 2024. That puts the current price about 50% below its peak.
How many SKY coins are there?
There are roughly 23,299,843,233 SKY in circulation, out of a maximum supply of 23,462,665,147 SKY.
Is Sky a good investment?
Whether Sky is a good investment depends on your own goals, time horizon, and risk tolerance, and no one can predict prices with certainty. Over the past year SKY is down about 34%, which shows how volatile it can be. Treat any single data point as one input, not a recommendation, and always do your own research.
Data on this page is for informational purposes only and is not investment advice. Cryptocurrency is volatile and high risk. Always do your own research.