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- USDS supply surpassed 9 billion in February, overtaking DAI and marking a major milestone for Sky Protocol’s stablecoin dominance.
- Sky Protocol adjusted its Savings Rate while maintaining strong USDS reserves, with multichain adoption expanding to Ethereum, Base, and other networks.
Sky Protocol continues to attract attention with its latest developments. In February, the total supply of USDS jumped from 6.84 billion to 9 billion on February 19. With this achievement, USDS now surpasses DAI and dominates more than 50% of the whole stablecoin supply in the Sky ecosystem.
9 billion supply surpassed. USDS flipped DAI. Sky Savings Rate adjusted. Multichain adoption accelerated.
A thread on February’s key protocol metrics. pic.twitter.com/x10GDxPleT
— Sky (@SkyEcosystem) March 3, 2025
Sky Savings Rate Adjustment and USDS Growth in Savings
Apart from USDS’s expansion, Sky Protocol changed the Sky Savings Rate from 12.5% to 6.5% throughout February. This was undertaken in response to evolving market conditions. With more than 4.1 billion USDS actively maintained in the savings system, the overall supply stayed steady at 7.9 billion at the end of the month despite the tweaks.
Furthermore, seeing a boom were SKY token-based incentives. From 236 million to 461 million, the USDS count in the Sky Token Rewards program virtually doubled. Currently generating 8.12% APY in the form of SKY tokens, several of these tokens give customers who join the program further advantages.
Multichain Expansion and Polaris’ Role in Liquidity
USDS acceptance is spreading throughout several blockchains. From 136 million to 192 million, its supply on several networks has grown; when new network integrations take place, more increase is projected. Open Ocean also now supports the Sky ecosystem on Ethereum and Base, therefore enabling more effective trade of USDS, sUSDS, and USDC across blockchains.
On the other hand, Polaris is quite important in controlling liquidity inside the Sky ecosystem. Polaris enhanced the Proof of Liquidity system at Berachain by maximizing $7.5 billion worth of USDS, according to CNF.
This approach is meant to solve the problems of liquidity that are sometimes dispersed among blockchains so that Sky and Berachain may run in a more harmonic environment.
Meanwhile, the SKY token’s price has surged in recent weeks. As of press time, SKY is trading at about $0.05945, up 2.87% over the last 24 hours and 54.81% over the last 30 days%. This rise captures investors’ rising curiosity in the Sky ecosystem.
