SKY rises 17.2% in two days as TVL hits $5.93B
- —SKY price: $0.0593 to $0.0695 on September 17-18, +17.2% on a closing basis
- —Sky Protocol TVL at $5.93 billion, +4.1% over 30 days
- —Futures volume of $47.6 million versus spot volume of $23.5 million
- —Open interest at $38.8 million, daily fees at $900,000
Why it matters: The price gain is driven mainly by derivatives rather than spot demand, raising the risk of a correction if positions are unwound.
Source: TokenPost