Sky Ecosystem posts $37.19M net income in Q3, sixth straight profitable quarter
- —Net income of $37.19M, up 11.8% QoQ, sixth consecutive profitable quarter
- —Total revenue $99.29M: +14.2% YoY but -7.4% QoQ
- —Expenses fell 16.0% to $62.1M, lifting margin to 37.5%
- —Collateral $11.41B (+25.3% YoY), sUSDS supply $4.52B (+118% YoY)
Why it matters: The results underscore Sky's sustained profitability and sUSDS growth, strengthening its position in stablecoins and DeFi lending.
Source: PANews