Sky stablecoin USDS market value exceeds $2.3 billion, DAI supply reduced to $3.62 billion

Odaily News Since September 17, 2024, the market value of Sky Protocol (formerly MakerDAO)'s native stablecoin has grown from 98.5 million to 2.32 billion, an increase of 135% in five months. In contrast, the supply of DAI, the stablecoin previously managed by MakerDAO, has decreased from 5.29 billion to 3.62 billion, a decrease of 31.5% over the same period. (TheBlock)