Sky Reports $30.8 Million in Revenue in September, Galaxy Increases by $100 Million SUSDS
2026-10-23 23:44:12
CoinMeta data: Sky Frontier Foundation reports that in September, total revenue reached 30.8 million US dollars, and the first destruction of 2.86 million Sky tokens was completed. At the same time, Galaxy announced that it would allocate 100 million US dollars of SUSDS funds to its treasury. According to the financial and operational updates for September, the total supply of Sky's stablecoin is 9.7 billion US dollars, with protocol collateral amounting to 1.141 billion US dollars. The update shows that the protocol's net income reached 12.32 million US dollars, representing an improvement over last year's same period's loss of 5.41 million US dollars. Sky's reserves were 85.08 million US dollars at the end of September, still 64.92 million US dollars short of the 150 million US dollar solvency reserve target.
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Source:Cryptonews
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