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Profitable for the fifth consecutive quarter, Sky Protocol's total protocol revenue reached $107 million in Q2

2026-07-23 13:33

Odaily reports that the Sky Frontier Foundation has released the Sky Ecosystem Report for the second quarter of 2026. Sky Protocol achieved profitability for the fifth consecutive quarter, with total protocol revenue reaching $107 million, a year-over-year increase of 10.5%; net protocol revenue reached $40.09 million, a year-over-year increase of 25.1%, bringing the total revenue over the past 12 months to $160 million. Net protocol surplus was $33.29 million, remaining positive for the fifth consecutive quarter. Protocol collateral increased by 45.5% year-over-year to $12.32 billion, and sUSDS reached $5.52 billion at the end of the quarter, a year-over-year increase of 149%.