Overview
- Sky Frontier Foundation reported Thursday that Sky Protocol generated $107.35 million in gross protocol revenue for Q2 2026 and recorded a $33.29 million net protocol surplus for the quarter.
- The protocol said annualized gross revenue run‑rate based on Q2 monthly settlements stands at about $429.4 million, a dynamic snapshot that can change as rates and deposits move.
- sUSDS supply jumped 149% year‑over‑year to $5.52 billion and total Protocol Collateral rose to $12.32 billion, reflecting bigger stablecoin demand and a 45.5% year‑over‑year balance‑sheet expansion.
- Prime Agent Vaults reached $6.84 billion with roughly $2.58 billion placed with institutional counterparties including Janus Henderson, BlackRock BUIDL, Anchorage, PayPal, Securitize, and Galaxy.
- The report says operations stayed intact during April’s Kelp DAO rsETH bridge exploit, Sky Reserves rose to $82.40 million, and the disclosure highlights RWA income and growing exchange and wallet integrations while warning run‑rate and reserve targets remain variable risks.