SKY (Sky) rose 4.87% in the last 24 hours.

Gate News Bot message, September 2, according to CoinMarketCap data, as of the time of writing, SKY (Sky) is currently priced at 0.07 USD, with a rise of 4.87% in the last 24 hours, reaching a high of 0.07 USD and a low of 0.06 USD. The current market capitalization is approximately 1.569 billion USD, an increase of 72.9 million USD compared to yesterday.

Sky Protocol is a decentralized open financial ecosystem powered by the USDS stablecoin and the SKY governance token. Users can store USDS in a non-custodial manner to earn Sky savings interest ( SSR ), and can also use USDS to participate in the Sky token reward ( STR ) program. Sky.money serves as a non-custodial gateway, providing eligible users access to the functionalities of the Sky protocol, including trading, upgrades, earning rewards, and storage. The governance of the Sky ecosystem is collaboratively participated in by a globally widespread community of SKY token holders through a decentralized on-chain voting system.

Important news about SKY recently:

1️⃣ S&P Global assigns Sky Protocol a "B-" rating The international rating agency S&P Global recently assessed Sky Protocol and awarded it a "B-" rating. This is the first time that S&P Global has rated a decentralized finance (DeFi) protocol, marking a recognition and evaluation of DeFi projects by traditional financial institutions. This move helps enhance the credibility of Sky Protocol among investors and users, potentially attracting more institutions and individuals to participate in its ecosystem.

2️⃣ Privacy Pools integrate Sky's USDS stablecoin The privacy protocol Privacy Pools, based on zero-knowledge proof technology, has announced the integration of the USDS stablecoin from Sky Protocol, marking the first expansion of the protocol to multi-asset pools. This move will provide USDS users with greater privacy protection while also expanding the application scenarios of the Sky ecosystem, potentially attracting more privacy-conscious users.

3️⃣ Sky Community Proposal to Promote MKR-SKY Upgrade The Sky community recently proposed an important initiative aimed at advancing the collaboration upgrade between MakerDAO and Sky Protocol. If this proposal is approved and implemented, it will further enhance the interoperability between the two major DeFi protocols, creating new value for SKY and MKR holders. This initiative reflects the strategic direction of Sky Protocol in continuously expanding its influence in the DeFi space.

From a technical perspective, the price of SKY has seen a rise driven by recent positive news, breaking through previous resistance levels. However, investors still need to closely monitor the overall cryptocurrency market trends, as well as the further development and competitive landscape of Sky Protocol in the DeFi space.

This message does not constitute investment advice, and investors should be aware of market volatility risks.