Sky Burns 2.86 Million SKY Tokens in First-Ever Supply Reduction
The Sky protocol completed its first token burn, permanently eliminating 2.86 million units acquired on the open market using the ecosystem’s own funds.
The Sky protocol completed its first token burn, permanently eliminating 2.86 million units acquired on the open market using the ecosystem’s own funds.

TL;DR: Gross protocol revenue reached $107.35 million in the quarter ended June 30, 2026, marking a 10.5% year-over-year increase. Total ecosystem collateral grew 45.5% compared to
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