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.
Buy Sky
Trading Insights
Buyer Ratio
Traders
243
-8.65%
Buyers
157
-11.8%
Sellers
97
1.04%
Searched
495
Market Stats
Market Cap
£1.22B
0.58%
FDV
£1.22B
Circ. Supply
23B SKY
Max Supply
23B SKY
Total Supply
23B SKY
Diluted Valuation
£1.22B
Performance
Popularity
#64
Dominance
0.04%
Volume (24H)
£32.19M
-12.1%
Volume (7D)
£167.25M
Volume (30D)
£1.19B
All time high
£0.0735
Price Change (1Y)
1.06%
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 increased by 0.86% in the last hour and increased by 1.79% in the past 24 hours. Sky’s price has also fallen by 9.23% in the past week. The current price is £0.0522 per SKY with a 24-hour trading volume of £32.19M. Currently, Sky is valued at 28.99% below its all time high of £0.0735. This all-time high was the highest price paid for Sky since its launch.
The current circulating supply of Sky is 23,421,124,520.981 SKY which means that Sky has as total market cap of £1,216,934,273.03.
Market details
SKY vs markets
↘ 45.55%
SKY vs BTC
↘ 44.48%
SKY vs ETH
↘ 41.58%
Tags
store-of-value
defi
dao
governance
+4
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x56072C95FAA701256059aa122697B133aDEd9279 |
Price history
Time | Price | Change |
|---|---|---|
Today | £0.0522 | ↗ 1.77% |
1 Day | £0.0515 | ↗ 1.79% |
1 Week | £0.0574 | ↘ 9.23% |
1 Month | £0.0507 | ↗ 3.50% |
1 Year | £0.0555 | ↗ 1.06% |
Past performance is not a reliable indicator of future results. Learn more about asset risks.
FAQ
The SKY token stands as the iteration of MKR, functioning as the singular governance token for the Sky Protocol. Its creation marks the next step for the Sky ecosystem, primarily aiming to enhance accessibility, refine the user experience, and bolster scalability. SKY holders can within the protocol participate in the project governance, stake their tokens to earn rewards, delegate their voting power to others, and even borrow USDS.
We update our Sky to GBP currency in real-time. Get the live price of Sky on Coinbase.
The current market cap of Sky is £1.22B. A high market cap implies that the asset is highly valued by the market.
The all-time high of Sky is £0.0735. This all-time high is highest price paid for Sky since it was launched.
Over the last 24 hours, the trading volume of Sky is £32.19M.
Assets that have a similar market cap to Sky include Jupiter, Immutable, Filecoin, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Sky is 23 billion.
Sky ranks 248 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
Yes, Sky is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Sky guide.
Social stats
Popularity in posts
#1915
Contributors
137
Posts
233
% About Sky
0.015%
Articles
2
Hold times
0 days
X (Twitter)
81.1% bullish
Sentiment
4.7 ★
Highlights
137 unique individuals are talking about Sky and it is ranked #1,915 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 94 out of 5. Finally, Sky is becoming less newsworthy, with 2 news articles published about Sky.
On Twitter, people are mostly bullish about Sky. There were 81.16% of tweets with bullish sentiment compared to 0.07% of tweets with a bearish sentiment about Sky. 18.84% of tweets were neutral about Sky. These sentiments are based on 153 tweets.
On Reddit, Sky was mentioned in 49 Reddit posts and there were 50 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
This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.