Sky Reports Record $419M Revenue Run-Rate for June 2026
The post Sky Reports Record $419M Revenue Run-Rate for June 2026 appeared on BitcoinEthereumNews.com. Cumulative sUSDS yield payouts topped $250 million as Grove launched its GROVE governance token and a new Fixed Yield product crossed $44.1 million in TVL. Sky Frontier Foundation, the entity handling reporting for the Sky Ecosystem, disclosed a record $419.08 million annualized gross revenue run-rate in its June 2026 Financial & Operational Update, published Friday. Sky, formerly MakerDAO and now a $6.12 billion-TVL lending and stablecoin protocol per DefiLlama, also reported cumulative sUSDS savings-rate yield distributions surpassing $250 million since inception. The update, also summarized by Sky’s official X account, said the month brought “record revenue run rates” and “continued Sky Reserves growth.” Sky Reserves, the protocol’s onchain buffer asset holdings, reached $82.5 million, up $33.7 million since March, according to the forum post. Grove, a Sky-affiliated real-world-asse