◆ Decentralised finance (DeFi) · SKYUSDT
Sky
Sky is the new name of MakerDAO, the protocol behind the DAI stablecoin (now also USDS). SKY, derived from the former MKR, handles governance and benefits from protocol revenue.
◆ Live market
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24h
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- Ticker
- SKYUSDT
- Category
- Cryptocurrencies
- Type
- Decentralised finance (DeFi)
- Sector
- DeFi
- Market-cap rank
- n°59
- Trading hours
- 24/7
What is Sky?
Sky is the new name of MakerDAO, the protocol behind the DAI stablecoin (now also USDS). SKY, derived from the former MKR, handles governance and benefits from protocol revenue. Decentralised finance covers protocols providing financial services without intermediaries: decentralised exchanges (DEX), lending and borrowing, derivatives, yield. Rules are coded in smart contracts.
How Sky works and what gives it value
A DeFi token usually grants governance and sometimes a share of protocol fees (buybacks, distribution). The market rewards protocols generating real, durable revenue.
What moves the price of Sky
- ◆Trading and borrowing volume on the protocol
- ◆Fees and revenue shared with holders
- ◆Health of the host chain
- ◆Yields and incentives offered
- ◆Regulatory changes
Key metrics to watch
- ◆TVL
- ◆Protocol revenue
- ◆Market cap to fees ratio
- ◆Daily volume
Risks specific to Sky
- ◆Smart-contract hacks
- ◆Cascading liquidations in sell-offs
- ◆Temporary incentives inflating activity
How to analyse Sky on GraphTrade
Daily and 4h; buyback or fee-switch announcements often trigger breakouts. Open the SKYUSDT chart, add the indicators below, compare Sky with similar assets in Performance and ask the AI Compass to explain the latest move with news and macro context.
Themes
Included in: Top 51–100.
◆ Indicators suited to Sky
◆ FAQ
What is Sky (SKYUSDT)?
Sky is the new name of MakerDAO, the protocol behind the DAI stablecoin (now also USDS). SKY, derived from the former MKR, handles governance and benefits from protocol revenue.
Why is Sky going up or down today?
The main drivers are: trading and borrowing volume on the protocol, fees and revenue shared with holders, health of the host chain, yields and incentives offered. The AI Compass cross-references these with today's news.
Which indicators work best on Sky?
Daily and 4h; buyback or fee-switch announcements often trigger breakouts.
What are the risks of Sky?
Smart-contract hacks ; Cascading liquidations in sell-offs ; Temporary incentives inflating activity.
What is the market-cap rank of Sky?
Sky was ranked #59 by market cap when this page was generated, in the DeFi sector. The live rank appears at the top of the page.
How do I follow Sky in real time?
Open the free GraphTrade chart for SKYUSDT: price updates live every second, with all indicators.
How do I add Sky to my portfolio?
Click « Add to portfolio » on this page: the asset joins your active portfolio.
Is this investment advice?
No. GraphTrade provides information and analysis tools only.
◆ Assets similar to Sky
Information only, not investment advice.