DeFi· ★★★· bullish·

Galaxy Adds $100M in sUSDS as Sky Executes First SKY Token Burn

  • —Galaxy added $100M in sUSDS to Sky's balance sheet
  • —First SKY token burn executed to boost scarcity
  • —USDS supply climbed back above $10 billion
  • —Grove Finance vault utilization reached 75%
Why it matters: Rising USDS supply and the first SKY burn tighten token supply and could support demand across the Sky ecosystem.
Source: Coinfomania