DeFi Lender Sky Reports $124 Million Revenue Record, But Token Price Falls

DeFi lender Sky reported a record $124 million in gross revenue for Q1 2026, driven by institutional demand for its stablecoin USDS. However, the Sky governance token has declined by 2.4% following the announcement. The company attributes the revenue growth to increased institutional interest in onchain yield products.

By Tim Craig Wed, April 29, 2026 at 7:20 PM GMT+3 3 min read · Yahoo Finance · April 29, 2026, 16:20 UTC

DeFi Lender Sky Reports $124 Million Revenue Record, But Token Price Falls

Tickers: $SKY

Topics: DAO Governance DeFi Institutional Investment Revenue Growth Stablecoin

Read the full article at Yahoo Finance

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