Revenue and collateral expanded as total protocol revenue rose to $107.35 million and sUSDS climbed 149% to $5.52 billion, the Sky Frontier Foundation said.
Sky Protocol recorded its fifth consecutive profitable quarter in Q2 2026, with growth across revenue, surplus and collateral, according to the Sky Frontier Foundation. Total protocol revenue increased 10.5% year over year to $107.35 million, while net protocol revenue rose 25.1% to $40.09 million. Net protocol surplus reached $33.29 million. The foundation said collateral climbed 45.5% to $12.32 billion, and sUSDS rose 149% to $5.52 billion, indicating continued expansion in the protocol's balance sheet and stablecoin-related activity.