About Sky
The SKY token is the native governance and utility token of the Sky Protocol, a decentralized finance (DeFi) platform that evolved from MakerDAO. It plays a central role in the protocol’s ecosystem, supporting a range of financial services and community-driven governance.
Trading Insights
Market Stats
Market Cap
£1.05B
7.14%
FDV
£1.05B
Circ. Supply
23B SKY
Max Supply
23B SKY
Total Supply
23B SKY
Diluted Valuation
£1.05B
Performance
Popularity
Not enough data
Dominance
0.06%
Volume (24H)
£12.28M
131.47%
Volume (7D)
Not enough data
Volume (30D)
Not enough data
All time high
£0.04523
Price Change (1Y)
10.7%
Past performance is not a reliable indicator of future results. Learn more about asset risks.
Investment risk
Baseline risk: All crypto-assets are risky, regardless of the type of token you hold. Here are some 'baseline' risks to be aware of before deciding to invest.
Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.
Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.
Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.
Don't put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.
Defi tokens: Decentralised Finance (or 'DeFi') tokens (e.g. UNI, AAVE) are crypto-assets linked to financial applications and protocols built on decentralised blockchain technology.
Smart contract risk: DeFi relies heavily on smart contracts. Even a minor coding error or oversight can lead to a contract being exploited, potentially resulting in significant losses for DeFi tokens.
Regulatory risk: DeFi operates in a decentralized manner, often without intermediaries or financial crime controls. Regulatory bodies across jurisdictions might introduce new regulations impacting the use, value, or legality of certain DeFi protocols or assets. For example, the Perpetual Protocol (PERP) and Quickstop (QUICK) protocols may be accessible in jurisdictions where some or all the available activity may need to be regulated now or in the future. If a regulator deemed the activity to be in breach of regulation, this could seriously impact token value.
Rug-pulls / Exit scams: Some DeFi projects might be launched by anonymous or pseudonymous teams, increasing the risk of "rug pulls" where developers abandon the project and withdraw funds, leaving investors with worthless tokens.
Data/oracle risk: DeFi protocols often rely on external data sources or 'oracles'. Manipulation or inaccuracies in these data sources can lead to unintended financial outcomes within the protocols.
Protocol complexity: The complexity of some DeFi protocols can make it difficult for average users to fully understand the mechanisms and associated risks.
Additional details
Recent trends
The price of Sky has decreased by 0.25% in the last hour and increased by 8.75% in the past 24 hours. Sky’s price has also risen by 15.71% in the past week. The current price is £0.04472 per SKY with a 24-hour trading volume of £12.28M. Currently, Sky is valued at 1.11% below its all time high of £0.04523. This all-time high was the highest price paid for Sky since its launch.
The current circulating supply of Sky is 23,426,204,624.863 SKY which means that Sky has as total market cap of £1,050,155,716.76.
Market details
SKY vs markets
↗ 36.23%
SKY vs BTC
↗ 40.55%
SKY vs ETH
↗ 67.56%
Tags
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x56072C95FAA701256059aa122697B133aDEd9279 |
Price history
Time | Price | Change |
|---|---|---|
Today | £0.04472 | |
1 Day | £0.04149 | |
1 Week | £0.03917 | |
1 Month | £0.0383 | |
1 Year | £0.05087 |
Past performance is not a reliable indicator of future results. Learn more about asset risks.
FAQ
Social stats
Popularity in posts
#583
Contributors
41,345
Posts
62,053
% About Sky
0.017%
Articles
90
X (Twitter)
34.08% bullish
Sentiment
4.2 ★
Highlights
41,345 unique individuals are talking about Sky and it is ranked #583 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Sky has an average sentiment score of 4.2 out of 5. Finally, Sky is becoming less newsworthy, with 90 news articles published about Sky.
On Twitter, people are mostly neutral about Sky. There were 41.59% of tweets with bullish sentiment compared to 22.05% of tweets with a bearish sentiment about Sky. 58.41% of tweets were neutral about Sky. These sentiments are based on 30013 tweets.
On Reddit, Sky was mentioned in 1905 Reddit posts and there were 404495 comments about Sky. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Legal
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