TLDR
Sky Savings reached about $4 billion in TVL, a new high, per a recent market update on the platforms growth here.
- Deposits grew over 60% in the last 30 days, signaling strong inflows report.
- The vault is ~91% USDS and ~8% DAI, with rates around 4.5% and 1.25% respectively details.
Deep Dive
1. Growth Momentum
TVL crossing $4 billion coincided with rapid inflows and attention to the savings rate. The latest coverage notes deposits up 63% over the last month and 150% since Jan 1, marking one of legacy DeFis strongest growth arcs in 2025 %%CKPROTECTED0%%.
The same report observed a 14% move in SKY during broader altcoin pressure, highlighting how TVL momentum and yield appeal can decouple from short term market weakness market update.
Inflows and a durable savings rate are attracting capital even as broader altcoin beta softens, which can support platform usage and attention.
2. Composition And Rate
Sky Savings accepts USDS and DAI, but deposits are heavily skewed to USDS at around 91% of TVL versus 8% for DAI. Reported indicative rates are approximately 4.5% on USDS and 1.25% on DAI, which helps explain the mix details.
Contextually, Sky rebranded from MakerDAO in August 2024, with the MKR token migrating to SKY and the USDS stablecoin launching in September 2024, reinforcing the focus on savings products and stablecoin utility background.
Higher USDS yields are pulling most deposits into that sleeve. Rate changes or governance adjustments could shift the mix over time.
Conclusion
Sky Savings crossing $4 billion in TVL reflects strong demand for its savings rate and a clear depositor preference for USDS. If rates remain competitive and governance stays steady, inflows could persist, but monitor rate changes and asset mix since they directly drive deposit behavior.
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