Sky Q3 Net Revenue Reaches $37.19 Million, Posting Positive Growth for Six Consecutive Quarters

TechFlow reports that, on October 29, according to Sky Ecosystem Insights, the third-quarter 2026 report released by the Sky Frontier Foundation showed that Sky's net revenue for the quarter reached $37.19 million, up 11.8% year over year, marking positive growth for six consecutive quarters, and its net revenue margin rose from 31% in the previous quarter to 37.5%. Over the same period, total protocol revenue was $99.29 million, up 14.2% year over year; total expenses declined 16% year over year to $62.1 million. Protocol collateralized assets reached $11.41 billion at quarter-end, and sUSDS supply was $4.52 billion, up 118% year over year.

Source: TechFlow