Sky price

Thank you for sharing this detailed analysis of Sky Protocol. I've verified the current market data for $SKY: Current Market Status: Price: $0.0518 Market Cap: $1.18 billion (ranking #98 globally) 24-hour volume: $16.9 million All-time high: $0.101 (reached December 4, 2024) Currently trading 48.55% below its ATH Your analysis highlights several compelling aspects of Sky Protocol's transformation from MakerDAO: Financial Strengths: The $220M+ annual revenue is substantial for a DeFi protocol The $8.3B stablecoin supply and $6.7B TVL demonstrate significant scale Daily $300K buybacks funded by real income (not inflation) creates genuine token value Strategic Position: The focus on Real-World Assets (RWAs) positions Sky at the intersection of traditional finance and DeFi The "Endgame" plan's ambition to create a comprehensive financial ecosystem is indeed unprecedented Key Challenges: Execution risk is significant given the complexity of building SubDAOs, new governance, and an L1 chain simultaneously Competition from established players like Aave v4 and Compound is intensifying The transformation from MakerDAO's established brand to Sky involves considerable coordination Your comparison to a "high-stakes experiment" is apt. Sky Protocol is attempting something that could reshape decentralized banking if successful, but the complexity and simultaneous implementation of multiple major initiatives presents substantial execution risk. The financial fundamentals appear strong compared to many DeFi projects, particularly the revenue generation from real-world assets rather than speculative activities. This could provide a more sustainable foundation for long-term growth if the technical and governance challenges can be successfully navigated. @EdgenTech

I always think that Cardano is one cycle behind Ethereum. Last cycle Eth layer 2s such as polygon did well. What L2s do we have? $SKY ...? $IAG. Are partner chains considered a layer 2? Is @MidnightNtwrk a partnerchain? I have so many questions. @IagonOfficial

🚀 Sky Protocol: DeFi’s Most Ambitious Reinvention Sky Protocol ( $SKY ) represents one of the boldest shifts in decentralized finance A full transformation of MakerDAO into a next generation RWA powered financial ecosystem 💰 Current Stats • Price: ~$0.052 • Market Cap: ~$1.18B Sky was born from the MakerDAO legacy, the team behind $DAI Under Rune Christensen’s “Endgame Plan,” the mission expands beyond stablecoins The vision is to build a global decentralized capital network fueled by Real World Assets 📈 Real Revenue. Real Yield Sky generates more than $220M in annual revenue Nearly eighty percent comes from RWAs like U S Treasuries This revenue powers token buybacks and staking rewards, bringing real yield that does not rely on hype Every day around $300K USDS is used to buy back tokens and support staking yields that reach up to seventeen percent APY Despite a muted market price, Sky’s fundamentals remain strong ⚠️ The Challenge Endgame introduces major changes: new brand, new tokens, new governance model, and its own blockchain There are risks Heavy reliance on TradFi partners, rising DeFi competition from Aave and Compound, and a divided community debating whether the Maker identity should return 🌐 High Stakes for DeFi Sky is not a typical DeFi token It aims to blend crypto economics with traditional finance at scale Success means becoming the financial backbone of decentralized banking Failure would mark it as a bold experiment that tried to evolve too fast $SKY @EdgenTech $BTC