Sky's TVL Increases by 38% Since March 1, Reaching $7.52 Billion

Sky's total value locked (TVL) has surged by 38% since March 1, reaching $7.52 billion, positioning it as the fourth-largest decentralized finance (DeFi) protocol by TVL. According to NS3.AI, this growth highlights Sky's rising prominence in the DeFi space. The sUSDS savings pool, a significant component of Sky's ecosystem, currently holds approximately $6.5 billion in deposits. This figure includes an influx of nearly $1.3 billion since the beginning of the month, underscoring the protocol's increasing appeal to investors.