| Unlock | 10/10 |
| Tokenomics | 9/10 |
| Insider | 6/10 |
| Onchain | 7/10 |
| Dev Activity | 1/10 |
| Revenue | 5/10 |
| Institutional | 6/10 |
| Etf | 5/10 |
| Market Structure | 5/10 |
| Security | 8/10 |
Sky Protocol (formerly MakerDAO) completed its full MKR-to-SKY migration in Q1 2026, finishing the rebrand it began in 2024. USDS, its yield-bearing stablecoin, now offers around 5.2% APY and has grown to roughly $3.2B in supply, positioning it as a direct competitor to traditional savings products. Combined TVL across USDS and legacy DAI sits at about $9.2B, supported by an ongoing buyback program that has repurchased more than $120M of SKY (~$2.1M/week). The protocol has also pushed into RWAs on Solana, committing to a $500M campaign with $180M already deployed. Risks include execution risk from the rebrand transition, competition from other yield-bearing stablecoins, and regulatory scrutiny of such products.
7 days: Neutral (3 headlines) · 24 hours: Neutral (1 headline) — headline sentiment from News Pulse