According to CoinMeta, Sky Frontier Foundation released an operational and financial update for July 2026. Sky Protocol achieved total protocol revenue of $107.35 million in the second quarter of 2026, with a net protocol surplus of $33.29 million. Sky Governance lowered Sky Spread to zero and adjusted the subsidy lending reference rate to the guaranteed overnight financing rate. Sherlock is conducting AI auxiliary security reviews on the smart contracts of the Sky ecosystem. PT-SUSDS can now be borrowed as collateral on Morpho to obtain USDS.