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Market rank #51 · Stablecoin-protocol governance

Sky SKY

Sole governance and staking token of the Sky Protocol

SKY price today$0.0572-5.60% over 24 hoursFresh ·

Sky price chart

Observed USD price-5.64% in view
$0.0612$0.0598$0.0583$0.0569$0.055505:00 AM01:00 PM08:00 PM04:00 AM
24 5-minute observations · UTCFull selected-window coverage
Market cap
$1.34B
24h volume
$28.73M
Volume / market cap
2.14%
Tracked market-cap share
0.05%
Global dominance
0.05%
Market pairs reported
249
CryptoDigest market read

What SKY is doing relative to the market

Calculated from CryptoDigest’s 50-asset published research universe—not a claim about the entire crypto market.

24-hour momentum#50 of 50

SKY is 6.76 percentage points below the Stablecoin-protocol governance average in our tracked set.

Trading intensity#36 by turnover

Reported 24-hour volume equals 2.14% of market cap and 0.02% of tracked-universe volume.

Observed range7% up the range

504 hourly candles retained; maximum peak-to-trough move observed was -23.22%.

Returns

SKY performance by period

PeriodReturnContext
1 hour+0.27%Provider snapshot
24 hours-5.60%Rank #50 of 50
7 days-6.25%Rank #40 of 50
30 days+6.10%Live market snapshot
60 days-6.58%Live market snapshot
90 days-2.56%Live market snapshot

Against Bitcoin: SKY performed 6.40 percentage points worse over 24 hours.

Valuation & supply

What the headline valuation includes

Circulating supply
23.423B SKY
Total supply
23.46B SKY
Maximum supply
23.463B SKY
Fully diluted value
$1.34B
24h volume change
+66.51%
Supply model
Created through the MKR-to-SKY conversion, with supply and treasury actions governed by the protocol

Fully diluted value applies the current price to the provider’s reported eventual or total supply. It is a scenario, not a forecast.

Primary-source asset brief

What is Sky?

SKY is the successor to MKR and is now the sole voting token of the protocol behind USDS and legacy DAI. Holders can vote or delegate, and staking positions can access governance-set rewards and borrow USDS subject to collateral and liquidation rules.

SKY is neither the stablecoin nor a deposit receipt for its savings products. Its economic exposure depends on governance, protocol surplus and spending, collateral risk and the ongoing conversion from MKR, whose exchange rate is reduced over time by a governance-approved delayed-upgrade penalty.

Common misconception

SKY is not a dollar stablecoin: USDS and DAI target one dollar, while SKY is the protocol’s variable-price governance token.

Current intelligence

What may be moving SKY

Detector output is shown only when evidence crosses a materiality threshold; price movement alone is not treated as a cause.

UnknownNew
Materiality 37

SKY moved materially; cause not established

SKY registered a material price-anomaly signal.

Relevant to the broader market state
Interpretation

Cause not established

Alternative context

Available approved sources do not support a specific catalyst.

Inspect 0 evidence items
    Event confidence 20%Causal confidence 10%
    UnknownNew
    Materiality 45

    SKY moved materially; cause not established

    SKY registered a material price-anomaly signal.

    Relevant to the broader market state
    Interpretation

    Cause not established

    Alternative context

    Available approved sources do not support a specific catalyst.

    Inspect 0 evidence items
      Event confidence 20%Causal confidence 10%
      UnknownNew
      Materiality 42

      SKY moved materially; cause not established

      SKY registered a material volume-anomaly signal.

      Relevant to the broader market state
      Interpretation

      Cause not established

      Alternative context

      Available approved sources do not support a specific catalyst.

      Inspect 0 evidence items
        Event confidence 20%Causal confidence 10%
        UnknownNew
        Materiality 40

        SKY moved materially; cause not established

        SKY registered a material volume-anomaly signal.

        Relevant to the broader market state
        Interpretation

        Cause not established

        Alternative context

        Available approved sources do not support a specific catalyst.

        Inspect 0 evidence items
          Event confidence 20%Causal confidence 10%
          UnknownNew
          Materiality 34

          SKY moved materially; cause not established

          SKY registered a material price-anomaly signal.

          Relevant to the broader market state
          Interpretation

          Cause not established

          Alternative context

          Available approved sources do not support a specific catalyst.

          Inspect 0 evidence items
            Event confidence 20%Causal confidence 10%
            UnknownNew
            Materiality 33

            SKY moved materially; cause not established

            SKY registered a material price-anomaly signal.

            Relevant to the broader market state
            Interpretation

            Cause not established

            Alternative context

            Available approved sources do not support a specific catalyst.

            Inspect 0 evidence items
              Event confidence 20%Causal confidence 10%

              Latest Sky news

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              Compare related assets

              Continue with assets in the same sector first, then the largest tracked markets.

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              Live quote

              Price, market cap and 24-hour volume come from normalized provider snapshots, timestamped Sep 17, 2026, 4:00 AM UTC.

              History

              The chart uses stored 5-minute and hourly OHLC observations. It labels partial coverage instead of stretching it into a longer history.

              Our calculations

              Ranks, sector deltas and shares use the 50 assets in CryptoDigest’s published research universe. Turnover is volume ÷ market cap.

              Source boundary

              Supply and extended returns come from the live market-data feed; network facts link to project documentation. Nothing here is investment advice.