Sky SKY
Rank #55 by market cap
Last 7 days
CM Profile: Sky
Cryptominium Profile. What we have established, measured and written about SKY, and what we have not.
- Measured
- Selling $100,000 of SKY on Ethereum returned 0.9% less than the quoted price, on 8 October 2026.
- Selling $100,000 on 2 exchange order books lost between 0.86% and 1.51%, on 8 October 2026.
- Its price, recorded by us every day since 9 August 2026.
- Written, with sources
Read from our own records when this page was made. It describes what we know, and is not a view on whether to hold SKY. How each part is worked out
What changed
Week to 8 October- Price down 12.2% since 1 October.
From our own measurements only, each against the month before. We do not say why a price moves. How this is worked out · Every coin this week
What it actually costs to sell SKY
Selling $100,000 of SKY returned 0.9% less than the quoted price — Deep. Measured 2026-10-08 on Ethereum.
Selling SKY on exchanges
Selling $100,000 of SKY into each exchange’s resting bids, measured against the mid price:
| Exchange | Lost | Got back | Measured |
|---|---|---|---|
| Coinbase SKY/USD | 0.86% | $99,141 | 2026-10-08 |
| Kraken SKY/USD | 1.51% | $98,495 | 2026-10-08 |
Exchange figures need an account there (and KYC, a permitted country, the tokens already deposited), are before trading fees, and are never averaged with the on-chain figure. Binance is not included: it refuses requests from the region our servers are in. How this is measured →
Watch this number instead of remembering it. A free account keeps SKY on a list, records where it stood the day you added it, and emails you if selling it on these exchanges gets materially harder — one message, not a series. The measurement itself stays public; the account is for being told when it moves without you looking.
What Sky is
Sky is the governance token of Sky Protocol, a system launched in 2024 as a rebrand and upgrade of the older Maker Protocol. The token functions as a voting share in that protocol, which centers on a stablecoin called USDS, pegged to one US dollar. Sky Protocol's stated purpose is to let users trade, save, and earn without handing over custody of their funds.
The protocol runs on smart contracts rather than a central operator. It uses two tokens: USDS for stable holdings, and SKY for governance. Holders can stake SKY in the Staking Engine to help secure the network, earn rewards, and gain the ability to borrow USDS against their stake. A separate component, SkyLink, is meant to move funds across blockchains. Governance decisions on system changes are made by SKY holders rather than a designated team, since the source describes no CEO or core team of investors.
SKY is a governance and staking instrument, not an equity claim, a bond, or a right to protocol revenue beyond what staking rewards provide. It carries voting power and borrowing utility tied to USDS, but nothing in its design guarantees the value or performance of USDS itself, or of SKY. It is classified as a DeFi, stablecoin-issuer, and governance asset within the Ethereum and Hydration ecosystems; it is not a stablecoin, and its governance model means outcomes depend on decisions made by token holders collectively rather than any accountable operator.
What Sky can do
Selling $100,000 on Coinbase lost 0.86% against the mid price, before trading fees. Check your own amount →
Our own measurement · measured 8 October 2026
SKY can be staked with no minimum, no lock-up and no exit fee. The project says the rewards are funded by its treasury buying SKY on the open market, not by new tokens.
Source: Sky: understanding the SKY token · checked 2 October 2026
SKY does not run applications. It is a token on Ethereum that replaced MakerDAO's MKR as the governance token of Sky Protocol: holders vote on how the protocol is run, or hand their vote to a delegate.
Source: Sky: understanding the SKY token · checked 2 October 2026
The project says the maximum supply of SKY is capped at 23.46 billion and that new emissions are permanently disabled.
Source: Sky: understanding the SKY token · checked 2 October 2026
What a coin can do is not a reason to buy it or to sell it. Each answer names its source and the day we read it; where we could not source one, the row is left out. How these are written · Every coin we have written up
Where SKY lives
On Ethereum, Base and BNB Chain, GoPlus's analysis of each contract is read weekly: whether it has a function to block addresses or pause transfers, and whether an owner holds it. That is GoPlus's reading, not ours. Where a token exists on several chains, one copy's settings say nothing about the original coin.
Always verify a contract address against the project's own site before sending anything. Addresses are shown as published by CoinGecko, not as an endorsement — and identical-looking tokens on other chains are the most common way people lose money here.
Price change
Sky data synced 4m ago from CoinGecko. Figures shown in USD. This page is market information, not financial advice — and nothing here is a recommendation to buy or sell SKY.