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USD

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$0.08942USD

+1.45%1D

The Sky (SKY) price in is $0.08942 USD as of 07:13 (UTC) today.

Sky (SKY) will be listed in the Innovation and DeFi Zone. You can quickly sell or buy SKY. Spot Trading Link: SKY/USDT.

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Price Chart

Sky price USD live chart (SKY/USD)

Last updated as of 2025-07-29 07:13:13（UTC+0）

Live Sky Price Today in USD

The live Sky price today is $0.08942 USD, with a current market cap of $1.90B. The Sky price is up by 1.45% in the last 24 hours, and the 24-hour trading volume is $3.29M. The SKY/USD (Sky to USD) conversion rate is updated in real time.

How much is 1 Sky worth in ？

As of now, the Sky (SKY) price in is valued at $0.08942 USD. You can buy 1SKY for $0.08942 now, you can buy 111.83 SKY for $10 now. In the last 24 hours, the highest SKY to USD price is $0.08657 USD, and the lowest SKY to USD price is $0.08178 USD.

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Do you think the price of Sky will rise or fall today?

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Voting data updates every 24 hours. It reflects community predictions on Sky's price trend and should not be considered investment advice.

Sky Market Info

Price performance (24H)

24H

24H low $0.0824H high $0.09

All-time high:

$0.1014

Price change (24H):

+1.45%

Price change (7D):

+0.04%

Price change (1Y):

+25.77%

Market ranking:

#54

Market cap:

$1,901,006,432.06

Fully diluted market cap:

$1,901,006,432.06

Volume (24h):

$3,293,622.25

Circulating supply:

21.26B SKY

Max supply:

About Sky (SKY)

What Is Sky?

Sky Protocol is a decentralized and permissionless financial infrastructure designed to support stablecoin transactions, governance, and decentralized finance (DeFi) services. Built as an evolution of MakerDAO, Sky Protocol introduces USDS, a new stablecoin, and SKY, an upgraded governance token, to enhance decentralization and scalability.

The protocol operates without intermediaries, allowing users to trade tokens, earn rewards, and participate in governance while maintaining full control over their assets. Sky Protocol is a non-custodial system, meaning users do not need to trust a third party to manage their funds.

Sky Protocol powers the Sky Ecosystem, which includes:

- USDS Stablecoin – A soft-pegged USD stablecoin backed by collateral.

- SKY Governance Token – A token for voting on protocol decisions.

- Sky Savings Rate (SSR) – A system that allows USDS holders to earn interest.

- Sky Token Rewards (STRs) – A rewards program for USDS stakers.

By leveraging smart contracts on Ethereum, Sky Protocol aims to create a transparent, decentralized financial system accessible to anyone.

How Sky Works

Sky Protocol functions as a stablecoin issuance and governance system, enabling users to generate, trade, and save stablecoins without centralized oversight. The ecosystem operates through a few key components:

1. Stablecoin System

- USDS is the core stablecoin of Sky Protocol, backed by collateralized assets and soft-pegged to the US dollar.

- Users can mint USDS by depositing accepted collateral assets into Sky Vaults, similar to how Dai was created in MakerDAO.

- USDS can be traded, staked, or held as a store of value.

2. Sky Vaults Collateralization

- Users generate USDS by locking collateral assets (such as ETH or tokenized real-world assets) in Sky Vaults.

- If the value of the collateral falls below a certain threshold, the protocol liquidates the position to ensure stability.

3. Sky Token Rewards (STRs) Sky Savings Rate (SSR)

- USDS holders can earn rewards by participating in the Sky Token Rewards program.

- The Sky Savings Rate (SSR) allows users to stake USDS and earn passive income.

- Unlike traditional banking, these rewards are distributed without intermediaries, relying on smart contracts to automate transactions.

4. Governance Decentralization

- Sky Protocol is governed by SKY token holders, who vote on risk parameters, collateral types, stability fees, and protocol upgrades.

- Decisions are made through a decentralized on-chain voting process, ensuring transparency and community control.

Sky Protocol integrates both crypto-native assets (ETH, USDT, USDC) and Real-World Assets (RWAs) as collateral, providing a bridge between DeFi and traditional finance.

What Is SKY Token?

The SKY token is the governance token of the Sky Protocol, replacing MakerDAO’s MKR token at a conversion rate of 1 MKR = 24,000 SKY. SKY allows holders to:

- Participate in Governance – Vote on protocol decisions, risk management, and feature upgrades.

- Trade for USDS Other Assets – SKY can be exchanged for USDS, ETH, or stablecoins in decentralized liquidity pools.

- Earn Rewards – SKY holders will soon be able to access Activation Token Rewards, offering additional benefits for governance participants.

SKY vs MKR: What’s Different?

- MKR was the governance token for MakerDAO, while SKY is the upgraded version for Sky Protocol.

- SKY tokens are designed to provide more decentralized control with expanded governance features.

- The rebrand reflects a move towards scalability, with independent subDAOs handling different parts of the ecosystem.

SKY tokens play a crucial role in the long-term sustainability of the protocol, incentivizing user participation while ensuring decentralized decision-making.

Sky Protocol vs. MakerDAO

Sky Protocol is essentially MakerDAO’s next evolution, addressing governance bottlenecks and expanding its financial ecosystem. While MakerDAO pioneered decentralized stablecoins with Dai (DAI) and a governance model centered on MKR holders, its decision-making process became slow and complex. Sky Protocol improves on this by introducing USDS (a revamped stablecoin) and SKY (a new governance token) while shifting governance to independent SubDAOs for faster, more efficient decision-making. It also moves beyond purely crypto-backed collateral by integrating tokenized real-world assets (RWAs) like real estate and bonds.

Conclusion

Sky Protocol takes what MakerDAO built and makes it faster, more scalable, and easier to govern. With USDS as the new stablecoin, SKY for governance, and real-world assets (RWAs) as collateral, it expands DeFi beyond just crypto. By introducing independent SubDAOs and AI-powered governance tools, Sky Protocol aims to keep things decentralized, efficient, and built for the future.

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AI analysis report on Sky

Today's crypto market highlightsView report

Today's Sky price performance summaryView report

Sky project analysis reportView report

Sky Price History (USD)

The price of Sky is +25.77% over the last year. The highest price of SKY in USD in the last year was $0.1014 and the lowest price of SKY in USD in the last year was $0.03430.

TimePrice change (%)

Lowest price

Highest price

24h+1.45%$0.08178$0.08657

7d+0.04%$0.06863$0.08657

30d+23.40%$0.06320$0.09511

90d+40.51%$0.04360$0.09511

1y+25.77%$0.03430$0.1014

All-time+13.66%$0.03430(2025-02-03, 176 days ago )$0.1014(2024-12-03, 238 days ago )

Sky price historical data (all time).

What is the highest price of Sky?

The SKY all-time high (ATH) USD was $0.1014 , recorded on 2024-12-03. Compared to the Sky ATH, the Sky current price is down by 11.84%.

What is the lowest price of Sky?

The SKY all-time low (ATL) USD was $0.03430 , recorded on 2025-02-03. Compared to the Sky ATL, the Sky current price is up by 160.72%.

Sky Price Prediction

When is a good time to buy SKY? Should I buy or sell SKY now?

When deciding whether to buy or sell SKY, you must first consider your own trading strategy. The trading activity of long-term traders and short-term traders will also be different. The Bitget SKY technical analysis can provide you with a reference for trading.

According to the SKY 4h technical analysis, the trading signal is Neutral.

According to the SKY 1d technical analysis, the trading signal is Strong buy.

According to the SKY 1w technical analysis, the trading signal is Strong buy.

What will the price of SKY be in 2026?

Based on SKY's historical price performance prediction model, the price of SKY is projected to reach $0.08036 in 2026.

What will the price of SKY be in 2031?

In 2031, the SKY price is expected to change by +43.00%. By the end of 2031, the SKY price is projected to reach $0.1763, with a cumulative ROI of +97.00%.

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Sky technical analysis

Sky price prediction

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Global Sky Prices

How much is Sky worth right now in other currencies? Last updated: 2025-07-29 07:13:13（UTC+0）

SKY to ARS

Argentine Peso

ARS$115.71 SKY to CNY

British Pound Sterling

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FAQ

What is the current price of Sky?

The live price of Sky is $0.09 per (SKY/USD) with a current market cap of $1,901,006,432.06 USD. Sky's value undergoes frequent fluctuations due to the continuous 24/7 activity in the crypto market. Sky's current price in real-time and its historical data is available on Bitget.

What is the 24 hour trading volume of Sky?

Over the last 24 hours, the trading volume of Sky is $3.29M.

What is the all-time high of Sky?

The all-time high of Sky is $0.1014. This all-time high is highest price for Sky since it was launched.

Can I buy Sky on Bitget?

Yes, Sky is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy sky guide.

Can I get a steady income from investing in Sky?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy Sky with the lowest fee?

Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders. You can trade on the Bitget exchange.

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SKY/USD price calculator

SKY

USD

1 SKY = 0.08942 USD. The current price of converting 1 Sky (SKY) to USD is 0.08942. Rate is for reference only. Updated just now.

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SKY resources

Sky ratings

4.6

101 ratings

Tags：

Store Of Value

DeFi

DAO

Ethereum Ecosystem

Contracts:

0x5607...DEd9279(Ethereum)

Links:

Bitget Insights

3D 🍊

RT @Super4DeFi: 不错的嗅觉，因为mkr在9月5日在cex下线，所以恰好有这个空档期。套保者，可以在aster开空sky，然后bn买现货去抵押。

SUPER+3.59%

MKR-0.96%

dayveed77

🧩 Which “$PHY” Token? . . 📉 What Does “Bears Take Control” Mean? . 📉 Has $PHY Really Been Dominated by Bears? . . Thus, the narrative may be observational: surge‑then‑sell, not a sustained bearish dominance on chain or in derivatives. 💡 Summary Table ClaimWhat It Likely MeansReality"Bears take full control"Sellers dominate; longs get liquidated; funding turns deeply negativeNo public data shows massive liquidations on PHY markets"Bulls vanish"Few buyers, price support collapsesSeen sometimes post‑listing when early buyers exit"Blood in the sky"Dramatic fall or panic dumpMay reflect post‑launch retracement, not necessarily structural crash ⚠️ Crypto Narratives Can Be Misleading Many reports sensationalize price dumps using vivid imagery—"bears," "blood rain," etc. Often, these reflect profit-taking or low volume, not institutional bearish conviction. Without transparent on-chain or futures data for PHY, it's hard to confirm if real bearish dominance exists. ✅ Bottom Line If you're referencing Physis (Solana-based PHY), the market activity has been modest and bears haven’t formally "taken over" via liquidation events. If you're referring to DePHY Network, the recent Binance listing could have triggered a pump‑and‑dump cycle, giving the feeling that bulls fled post‑listing. In either case, dramatic language like “bears in control, bulls vanished” usually reflects short-term sentiment, not a confirmed systemic trend. Would you like vigilance indicators to watch, such as futures funding rates, long/short ratios, or whale accumulation trends for PHY?

PUMP-1.43%

PHY-1.98%

EricF

Thought today was a good day for crypto but the sky decided to cry cuz it's a red Bitcoin day Gm gm 😭

SKY-1.00%

RED+3.49%

Jonah 🎮

All base has to do to keep up the momentum is avoid being blue sky at all costs and do more chad shit That’s it Don’t over think it

BLUE+1.67%

SKY-1.00%

Chronicle

Blood in the Sky: CSKY Bears Take Full Control as Bulls Vanish

The CSKYUSDT chart has turned into a battlefield—and it’s clear who’s winning. Bears have taken over, completely overpowering any remaining bullish momentum. What was once a promising post-pump consolidation has now disintegrated into a clean breakdown below crucial support zones. The token is now teetering at $0.014, and sentiment is nearing a complete collapse. A Failed Recovery After its initial pump and crash, CSKY attempted to form a base around the $0.016–$0.020 range. Bulls tried to defend this level with sideways movement, hoping to rebuild momentum. But the failure to break higher highs and the lack of strong buying volume made it clear: the bulls were outnumbered and out of fuel. The final blow came with a decisive red candle that shattered the $0.016 support level—turning a hopeful consolidation into a confirmed downtrend. The Bearish Structure Technically speaking, the token now sits within a clear bearish channel, printing: Lower highs Lower lows And now, a fresh support breakdown There are no major reversal signals on the chart. No double bottoms, no bullish divergences, no strong buying wicks—just a steady decline. Traders scanning the market will likely label CSKY as “dead for now,” avoiding it until something major shifts. Market Sentiment Has Collapsed Once the breakdown occurred, there was no sign of panic buying or aggressive dip buying—both of which are indicators of strong belief in a token’s future. Instead, what followed was silence. This points to a collapse in community confidence, which is often harder to rebuild than price itself. There’s blood in the sky—and the market has taken note. Short-Term Outlook Immediate support: Likely lies at $0.010 Resistance: Now flipped to $0.016–$0.018 Volatility risk: Remains high, but to the downside Without a significant catalyst—be it a partnership, token burn, staking utility, or CEX listing—CSKY could enter a prolonged flatline phase where price hovers in a tight, low-volume range. Should You Watch or Walk Away? For active traders, CSKY becomes interesting only if: A sharp reversal pattern appears Volume spikes on the buy side The token starts showing relative strength compared to peers $CSKY

RED+3.49%

CSKY-10.97%

Sky technical analysis

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SKY/USDT

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