According to ChainCatcher, data from DefiLlama shows that the total market capitalization of stablecoins has reached a record high of $312.4 billion, up 1.18% in the past week. USDT holds a 58.9% market share, while USDC holds 25%. Sky Protocol's stablecoin USDS has seen a 26.7% surge in issuance over the past month, currently boasting a market capitalization of $7.92 billion and a 2.5% market share. Sky Protocol's daily protocol fees have recently reached $1.1 million, with daily protocol revenue reaching $600,000, resulting in an annualized protocol revenue of $211 million.
According to Stablewatch data, the current issuance of yield-generating stablecoins has exceeded $21.5 billion, accounting for approximately 6.88% of the total stablecoin market capitalization. Sky's sUSDS has emerged as a dark horse, with its seven-day TVL increasing by 14.6% to $6.06 billion, ranking first among yield-generating stablecoins. Ethena's sUSDE ranks second with a TVL of $3.53 billion.
