Stablecoin · SKY
Sky (formerly MakerDAO) is the largest decentralized stablecoin issuer, managing USDS, sUSDS, legacy DAI, stUSDS, and the SKY governance token.
Stablecoins aren't built to sit still.
SKY price
$0.0531
+0.3% 24h
Latest data · 15 min delay
On-platform Credit relationships for an entity outside the tagged cohorts.
Curated competitor relationships across Credit tags.
Stablecoin-native credit stack tied to the Sky/Maker ecosystem.
TVL $5.72Blive
Borrowed $1.87B
9 chains
Soft-liquidation CDP dollar.
TVL $174.2Mlive
Borrowed $41.7M
4 chains
Immutable, governance-minimized CDP dollar.
TVL $94.8Mlive
Borrowed -
1 chain
Context-setting competitors outside the EVM DeFi scope: named for completeness, not tracked, not clickable.
62.25% share of tracked CeFi lending, Q1 2026
7.02% CeFi market share Q1 2026
Loan book grew $90.04m in Q1 2026, distributes Steakhouse-curated Morpho USDC lending to retail
Contracted 21% in Q1 2026
Historically third-largest CeFi lender
$2.61bn as of 26 July 2026
$3.00bn as of 26 July 2026
$2.16bn as of 26 July 2026
$481m as of 26 July 2026
$735m as of 26 July 2026, SEC-registered
Loan books fell 6% QoQ to $23.3bn in Q1 2026, first contraction since Q3 2024
$16.20bn across 85 products as of 26 July 2026
Roughly $3.2bn TVL, the main non-EVM benchmark
Drove Solana past $2.1bn of active loans in May 2026
Prime engine covers roughly 98% of Solana lending TVL
