SKY Surges 14% as Savings TVL Passes $4 Billion

Summary

The post reports that the SKY token jumped 14% as Sky Savings’ total value locked surpassed $4 billion, driven by a 63% monthly and 150% year‑to‑date increase in deposits, especially USDS which earns a 4.5% rate. It notes that despite the surge, SKY remains down 9% over the past month and is still recovering from the Oct. 10 altcoin liquidation. The author highlights Sky’s rebrand from MakerDAO, the dominance of USDS in its TVL, and its position among the top‑10 DeFi protocols, framing the growth as a standout amid broader market weakness.