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Data: The total market value of stablecoins has reached a historical high of 312.4 billion USD, with Sky's stablecoin USDS rapidly rising

By: rootdata|2026/03/10 17:43:30
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According to DefiLlama data, the total market capitalization of stablecoins across the network has reached a historic high, currently at 312.4 billion USD, with a growth of 1.18% over the past week. Among them, USDT holds a market share of 58.9%, while USDC has a market share of 25%. The stablecoin USDS under Sky has seen its issuance surge by 26.7% in the past month, with a current market capitalization of 7.92 billion USD, accounting for 2.5% of the market. Recently, Sky Protocol's daily protocol fees have reached as high as 1.1 million USD, with daily protocol revenue hitting 600,000 USD, resulting in an annualized protocol revenue of 211 million USD.

Additionally, according to stablewatch data, the issuance of yield-bearing stablecoins has exceeded 21.5 billion USD, accounting for approximately 6.88% of the total market capitalization of stablecoins. The sUSDS under Sky has emerged as a leader, with a seven-day TVL growth of 14.6% to 6.06 billion USD, ranking first among yield-bearing stablecoins, while Ethena's sUSDE has a TVL of 3.53 billion USD, ranking second.

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