Sky Protocol achieves record $419 million annual revenue

Sky Protocol is operating at full throttle. The Sky Frontier Foundation reports in its June 2026 financial and operational update that the protocol has reached a record high in revenue. The projected annual gross revenue stands at $419.08 million, calculated based on the last three monthly settlement cycles. This positions Sky Protocol as one of the highest revenue-generating onchain applications in the world.

Impressive growth in reserves and savings balance

Alongside the record revenue, other figures also paint a positive picture. The cumulative yield accrued for sUSDS holders through the Sky Savings Rate has now surpassed $250 million since launch. This is a significant milestone for the protocol and shows that users are actively benefiting from the savings mechanism.

The Sky Reserves close the month of June at $82.5 million. That is an increase of $33.7 million compared to March, representing substantial growth in just three months. This increase indicates that the protocol is becoming financially stronger and is expanding its buffers.

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New products and token launch put Sky on the map

June also brings news of new developments within the ecosystem. Grove, one of the so-called Prime Agents within Sky, launches its own GROVE governance token. This gives the community more direct influence over the direction of that part of the protocol.

Additionally, Sky, through Sky.Money in collaboration with Pendle Finance, introduces a fixed-rate product on sUSDS. This product reaches a total value locked of $44.1 million in its first month, demonstrating strong adoption. The launch shows that there is clear demand for predictable yields within the DeFi segment. With these results, Sky Protocol appears to be securing a solid position in the competitive landscape of onchain financial protocols.