Sky Protocol's annualized gross revenue run rate hits record $419M, with sUSDS yield exceeding $250M and new fixed-yield product reaching $44.1M TVL in first month.
DeFi & Yields ·
Sky Protocol's annualized gross revenue run rate reached $419.08 million based on the trailing three Monthly Settlement Cycles, according to the Sky Frontier Foundation's June 2026 financial update. Cumulative yield paid to sUSDS holders through the Sky Savings Rate has exceeded $250 million since inception, while Sky Reserves grew to $82.5 million, a gain of $33.7 million from March.
The protocol expanded its product offerings in June, with a fixed-yield product for sUSDS launched through Sky.Money and Pendle Finance accumulating $44.1 million in total value locked during its first month. Grove, identified as one of Sky's Prime Agents, also introduced its GROVE governance token during the same period.
The figures reflect operational momentum across multiple revenue and user engagement vectors, though the sustainability of the annualized run rate and the competitive positioning of the new fixed-yield product relative to broader market opportunities remain to be tested over subsequent reporting cycles.