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.
Sky turned over $3,796,228 across the venues we index in the last 24 hours, which is 0.23% of its market capitalisation — a figure worth watching, because turnover well above its usual level tends to accompany the sharper moves.
The highest price our index has recorded is $0.0967 on Jul 27, 2025, leaving SKY −28.54% from that peak.
The lowest is $0.0376 on Feb 6, 2025, putting the price today +83.87% above that low.
Measured on Coinmico's own index since Dec 31, 2024, not on prices reported by someone else.
Sky is valued at $1,618,366,202, which ranks it #53 among the assets we track. It is the price of one coin multiplied by the 23,427,420,415 SKY in circulation.
At today's price, the full supply of 23,462,665,147 SKY would be worth $1,614,698,456. 99.85% of that supply is already circulating, so the rest is what dilution would still add.
Balances indexed by Blockscout on Ethereum; shares are measured against the supply issued on this chain and values are marked at our reference price. Updated 2h ago.
Sky (SKY) price has increased today.
The price of Sky (SKY) is $0.0691 today with a 24-hour trading volume of $3,796,228. This represents a 1.29% price increase in the last 24 hours and a 5.18% price increase in the past 7 days. With a circulating supply of 23.4 Billion SKY, Sky is valued at a market cap of $1,618,366,202.
sky$0.0691+1.29%
Ethereum
