Sky Ecosystem Reports Q3 Net Income of $37.19 Million, Marking Six Consecutive Quarters of Growth

The Sky Frontier Foundation's Q3 report for the Sky Ecosystem reveals a net income of $37.19 million for the quarter, representing an 11.8% increase quarter-over-quarter, achieving positive growth for the sixth consecutive quarter, with profit margins rising from 31.0% to 37.5%. The total revenue for the protocol was $99.29 million, a year-over-year increase of 14.2%, but a decrease of 7.4% compared to Q2. Total expenditures fell by 16.0% to $62.10 million. The collateral size of the protocol reached $11.41 billion, a year-over-year increase of 25.3%, but down 7.3% from Q2. The supply of sUSDS was $4.52 billion, a year-over-year increase of 118%, but lower than the $5.52 billion in Q2. During this quarter, $28.47 million was transferred to the Sky reserves, bringing the ending balance of reserves to $85.08 million.

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