11 Jul 2026 12:00 UTC - by Gladys Makena
Sky Frontier Foundation reported that Sky Protocol's annualized gross revenue run rate reached a record $419.08 million.
➤ Sky Protocol achieved a record annualized gross revenue run rate of $419.08 million, with significant growth in reserves and deposits.
➤ The native token, SKY, experienced a rally, reclaiming key moving averages due to increased capital inflows and demand in both spot and futures markets.
➤ The protocol plans a security hardening initiative and cost reduction efforts, while SKY's price faces a crucial support level at $0.06.
While the broader crypto market struggled throughout 2026, some protocols continued posting strong growth. Sky Protocol was one of them, reporting record revenue and earnings.
How strong was Sky Protocol’s growth?
Sky Frontier Foundation reported that Sky Protocol’s annualized gross revenue run rate reached a record $419.08 million. The June report covered the previous three monthly settlement cycles.
According to the report, Sky Reserves closed June at $82.5 million, up approximately $33.7 million from March.
Additionally, cumulative yield accrued to Sky Savings USDS (sUSDS) holders has surpassed $250 million since inception.
Source: SKY Frontier Foundation
Meanwhile, sUSDS deposits grew 85% year over year from $3.4 billion, while USDS supply expanded 96.9% over the same period. Following the strong results, Sky Frontier Foundation outlined plans to strengthen the ecosystem.
The team plans to lead an ecosystem-wide security hardening effort to reduce security risks while lowering operational costs.
Did SKY holders respond?
Following the earnings report, the native token SKY posted notable gains. The token defended $0.05 before climbing to a local high of $0.06.
In the process, SKY reclaimed both the 20-day and 50-day Exponential Moving Averages (EMAs). At press time, SKY traded around $0.0602, up 4.98% over the previous 24 hours.
Source: DeFiLlama
The rally coincided with stronger capital inflows into the protocol. United States dollar (USD) inflows surged to $120 million from $2.4 million a day earlier.
On top of that, demand strengthened across both Spot and Futures markets. In Futures trading, inflows rose to $4.16 million, while outflows fell to $3.97 million.
Source: CoinGlass
As a result, Futures Netflow climbed 14% to $190,000, suggesting traders opened more leveraged positions.
Meanwhile, buyers continued accumulating in the Spot market for a fourth consecutive day. At press time, Spot Netflow stood near -$66,000, indicating more SKY left exchanges than entered.
Source: CoinGlass
Can SKY extend its rally?
Strong demand also supported the token’s momentum. The Stochastic Momentum Index (SMI) climbed to 42.
Source: TradingView
Although the SMI remained below 50, its steady rise suggested improving momentum.
If buying demand persists, the indicator could cross 50, strengthening the bullish outlook. That scenario could open the door for a move toward $0.064 in the short to medium term.
However, if recent gains lose momentum, SKY could fall below $0.06 and revisit $0.056.
Final Summary
• Sky Protocol’s annualized gross revenue run rate reached a record $419.08 million, while reserves and deposits continued growing.
• SKY reclaimed key moving averages as Spot demand and Futures activity improved, though $0.06 remains an important support level.
Categories rationale: The article focuses on the revenue and growth metrics of Sky Protocol, which issues a stablecoin (USDS) and related yield-bearing products (sUSDS). This aligns with 'asset-types' specifically 'stablecoins-digital-cash', 'scalability' under 'growth-metrics', and 'yield-performance' related to 'staking-defi-yield'.Characteristics justification: The article reports record revenue and growth, with positive price action for the SKY token and increased capital inflows, indicating a positive sentiment (0.7). The mention of specific revenue figures and market performance suggests high relevance (0.9). While the protocol is growing, the focus on specific metrics and a known entity like Sky Protocol suggests moderate entropy (0.65) and low staleness (0.3). There's a slight mention of future plans and price targets, introducing a small degree of uncertainty (0.2).Tag relevance: The selected tags are highly relevant as they capture the core entities (Sky Protocol, Sky Frontier Foundation, USDS, sUSDS, SKY token) and key financial metrics (revenue, reserves, deposits, market activity) discussed in the article.Characteristics
uncertainty: 0.2
staleness: 0.3
relevance: 0.9
sentiment: 0.7
rwa: true
entropy: 0.65
asset-types: stable_coin
RWATimes slug: ambcrypto-sky-protocol-prints-record-419-mln-revenue-will-2026-keep-favoring-it-593379372