The biggest themes of 2025 in the crypto world were Ethereum’s dual hard fork upgrades and the resounding growth of stablecoins. The Sky network, an open finance protocol, is the perfect amalgamation of these two biggest crypto narratives of 2025. Built on Ethereum, the Sky protocol was created as part of MakerDAO's Endgame transformation and has recently rolled out its own stablecoin, USDS, as part of this identity shift.
Sky has emerged as one of the leading Ethereum-based protocols, boasting a growing multi-chain presence, stablecoin demand, and token buybacks from its founder, which has instilled a bullish wave for the protocol. Analysts wonder whether this attention and traction are short-lived or whether this open finance protocol has what it takes to deliver long-term value. Let’s find out what’s working for the Sky protocol and whether the SKY coin can outlive expectations.
Sky Network Primer
Sky is an open-finance protocol built on the Ethereum ecosystem, designed to support decentralised apps and tokenised ecosystems. Sky coin is the governance token of the Sky Ecosystem. The token launched in 2024 as MakerDAO announced its rebranding to Sky as part of the Endgame upgrade, with MKR holders getting SKY coins in a 1:24000 ratio. Upgrading from MKR to SKY is optional, and holders can convert their holdings back to MKR if desired.
MakerDAO has been one of the most prominent projects in the decentralised finance space, with the new Sky identity aimed at simplifying governance, functionality, and the user experience for both retail users and institutions. As the Sky protocol emerged in 2024, the ecosystem introduced two main elements: the SKY token and the USDS stablecoin. USDS is a dollar-pegged stablecoin, while the SKY token is a governance token on the protocol that grants voting rights and access to reward mechanisms.
The Sky protocol operates through decentralised protocols in which users deposit assets such as ETH to mint USDS, which can then be used as a stablecoin across the DeFi space for payments, bringing TradFi and DeFi together, and for a host of other applications. Privacy is upheld through zero-knowledge proofs that keep transactions confidential without compromising the network's overall transparency.
The entire Sky ecosystem is accessed through Sky.money, which is a non-custodial hub for trading, staking, and governance. Sky Stars, another feature of the Sky ecosystem, are independent, decentralised sub-projects that focus on innovation, specialised services, governance, and more while aligning with the overall vision of the Sky protocol. Simply put, Sky Stars are gateways to accessing and improving the Sky protocol, enabling the network to experiment and grow within the DeFi framework.
Currently, one SKY token is priced at $0.05 a piece.
| Key Metrics | Value |
| SKY Market Cap | $1.3B |
| SKY Rank by Market CAP | #54 |
| SKY Circulating Supply | 22.95B SKY |
| SKY Total Supply | 23.46B SKY |
| SKY Maximum Supply | 23.46B SKY |
| SKY All-Time High | $0.1014 (December 03, 2024) |
| SKY All-Time Low | $0.0343 (February 03, 2025) |
SKY Price Prediction 2026
The Sky token boasts solid fundamentals that set it apart from other governance tokens. At its core, Sky runs on Ethereum, leveraging its permissionless smart contracts feature. The Sky protocol also introduces SkyLink, which connects Ethereum with its several layer-2 networks, such as Arbitrum, Unichain, Base, and more. This increases the demand and use of the SKY token. SkyLink also helps improve transaction speed and slash transaction fees, which makes it a lucrative ecosystem for layer-2 solutions to leverage.
The conversion of 1 Maker to 24000 SKY culminates in a maximum supply of 23.46 billion SKY, with no more SKY tokens being minted beyond this figure. While the supply of SKY is capped, USDS continues to be minted and burned dynamically in response to demand. This tight supply of both the stablecoin and the governance token makes the overall tokenomics of the Sky protocol desirable and well-balanced.
Another standout feature of the Sky protocol is the Sky Savings Rate (SSR), which allows users to earn sUSDS in interest by depositing USDS into smart contracts on the Ethereum network. This earned sUSDS (Savings USDS) is simply a decentralised way to earn compound interest. Smart contracts automatically rebase sUSDS as earnings accumulate. Over time, depositors can redeem their sUSDS along with the original USDS deposited, making this an interest-bearing system within the Sky ecosystem with DeFi utility.
Recently, analysts observed that the founder of MakerDAO and Sky, Rune Christensen, used around $ 1.3 million in staking rewards in USDS to buy back SKY tokens. This sent strong, positive signals to analysts, investors, and the SKY community about the founder’s confidence in the token’s long-term value and the alignment between the founder’s actions and the protocol’s functionality.
Keeping these factors in mind, we have an upbeat outlook for SKY coin for 2026.
Our Sky price prediction for 2026 in USD is $0.29 (maximum), $0.02 (minimum), and $0.17 (average).
The same Sky price prediction for 2026 in INR is INR 26.17 (maximum), INR 1.8 (minimum), and INR 15.34 (average).
| SKY Price Targets for 2026 | Maximum Price | Minimum Price | Average Price |
| Sky Price Prediction 2026 (USD) | $0.29 | $0.02 | $0.17 |
| Sky Price Prediction 2026 (INR) | INR 26.17 | INR 1.8 | INR 15.34 |
NOTE: All INR price predictions in this SKY Price Prediction blog are based on the current USDT-INR exchange rates (1 USDT = INR 90.27).
SKY Price Prediction 2027
We believe the Sky protocol and the SKY coin could play an increasingly relevant role in the near-term growth of decentralised finance and continue to mirror the steady rise in stablecoin values. With regulatory clarity in the stablecoin space thanks to the GENIUS Act and the EU MiCA Guidelines, stablecoins are being tapped into by traditional finance institutions more than ever before as a means of crypto exposure, payments & settlements, private funds, treasury, custody, and more. Governments are also joining the stablecoin boom with Strategic Crypto Reserves and government-backed stablecoin projects. As stablecoins continue to shine in 2026 and 2027 due to greater regulatory clarity and their growing role in bridging tradFi and DeFi, we can expect projects like Sky to remain relevant.
Another positive for the Sky coin is that, as Ethereum gradually realizes the benefits of its Pectra and Fusaka upgrades, including high transaction speed, reduced cost, efficient data management, and EVM improvements, protocols associated with Ethereum also stand to gain. These upgrades will enable more efficient transaction processing across all of Ethereum’s L2S, which, in turn, can benefit the Sky protocol.
On the contrary, Sky coin’s token ownership, which is concentrated in a few crypto whale wallets, can pose high volatility and token dumping risks. While this concentrated holding can also indicate short-term investor confidence, it is a recipe for a typical pump-and-dump scheme. Currently, 85.61% of its circulating supply is held by the top 10 wallets, with 30% or 7.07 billion SKY being held by a single token alone. Such concentrated holdings expose tokens to high price volatility and reduce trust and transparency towards the protocol.
Considering these factors, we have a positive-to-neutral outlook for SKY coin in 2027.
Our Sky price prediction for 2027 in USD is $0.46 (maximum), $0.14 (minimum), and $0.28 (average).
The exact Sky price prediction for 2027 in INR is INR 41.52 (maximum), INR 12.63 (minimum), and INR 25.27 (average).
| SKY Price Targets for 2027 | Maximum Price | Minimum Price | Average Price |
| Sky Price Prediction 2027 (USD) | $0.46 | $0.14 | $0.28 |
| Sky Price Prediction 2027 (INR) | INR 41.52 | INR 12.63 | INR 25.27 |
SKY Price Prediction 2028
As Ethereum’s layer-2 networks continue to grow in number and transaction volume, the Sky protocol can, in turn, mirror this growth. Currently, SkyLink integrates with more than 20 Ethereum Layer-2s, enabling seamless asset bridging and multi-chain transactions. As more layer-2 solutions integrate with SkyLink, we can expect the Sky protocol to grow in value and utility in the coming years.
The demand for liquidity pools will continue to rise, given the need for fast, cost-effective, and efficient transactions. Open liquidity pools such as the Sky protocol will continue to influence how users trade, stake, and transact.
Additionally, the Sky protocol boasts built-in compliance features that can be adapted for specific regions such as the US or the UK, offering transparency and flexibility for global adoption.
2028 is also the year for yet another Bitcoin Halving Event, which will send ripples of positivity across all altcoins, including stablecoins.
Considering these factors, we see Sky continuing its bullish pattern into the last leg of this decade.
Our Sky price prediction for 2028 in USD is $0.73 (maximum), $0.41 (minimum), and $0.59 (average).
This Sky price prediction for 2028 in INR ranges from INR 65.89 (maximum) to INR 37.01 (minimum) and INR 53.25 (average).
| SKY Price Targets for 2028 | Maximum Price | Minimum Price | Average Price |
| Sky Price Prediction 2028 (USD) | $0.73 | $0.41 | $0.59 |
| Sky Price Prediction 2028 (INR) | INR 65.89 | INR 37.01 | INR 53.25 |
SKY Price Prediction 2030
The long-term price of SKY coins is determined by several factors, including governance activity, protocol fundamentals, growth of SkyLink and Sky protocol’s other features, such as Sky Star, as well as broader market dynamics, including investment sentiment and the overall crypto outlook.
Given that 2029 marks the end of President Donald Trump’s tenure, there could be a change in the regulatory outlook for cryptos and stablecoins in particular, which could alter the long-term trajectory of Skycoin.
For the Sky coin to register price growth, the protocol will have to continue reinventing itself and increasing its service offerings. With the promising outlook for DeFi, Sky protocol can tap into market opportunities by keeping its network relevant and attractive.
We have a neutral and wide outlook for Sky coin for 2030.
Our Sky price prediction for 2030 in USD is $1.09 (maximum), $0.58 (minimum), and $0.71 (average).
The same Sky price prediction for 2030 in INR is INR 98.39 (maximum), INR 52.35 (minimum), and INR 64.09 (average).
| SKY Price Targets for 2030 | Maximum Price | Minimum Price | Average Price |
| Sky Price Prediction 2030 (USD) | $1.09 | $0.58 | $0.71 |
| Sky Price Prediction 2030 (INR) | INR 98.39 | INR 52.35 | INR 64.09 |
Below is a compiled table of SKY price predictions for 2026, 2027, 2028, and 2030 in USD:
| SKY Price Targets USD | Maximum | Minimum | Average |
| 2026 | $0.29 | $0.02 | $0.17 |
| 2027 | $0.46 | $0.14 | $0.28 |
| 2028 | $0.73 | $0.41 | $0.59 |
| 2030 | $1.09 | $0.58 | $0.71 |
Similarly, below is a compiled table of SKY price predictions for 2026, 2027, 2028, and 2030 in INR:
| SKY Price Prediction INR | Maximum | Minimum | Average |
| 2026 | INR 26.17 | INR 1.8 | INR 15.34 |
| 2027 | INR 41.52 | INR 12.63 | INR 25.27 |
| 2028 | INR 65.89 | INR 37.01 | INR 53.25 |
| 2030 | INR 98.39 | INR 52.35 | INR 64.09 |
FAQs
1. What is the SKY coin?
The SKY coin is the primary governance token of the open finance protocol Sky. Sky protocol is the result of the Endgame transformation of the well-known decentralised apps platform MakerDAO, with the transition of tokens executed in a 1:24000 ratio, one MakerDAO token fetching 24000 SKY coins.
The SKY coin is used for governance, reward mechanisms, and voting on the Sky protocol.
2. Will SKY coin reach $1 in 2026?
For the SKY token to reach $1 in 2026, it will need to register a 1,685.71% price increase.
While Sky token rides on strong fundamentals with a capped token supply, a strong co-dependence in the Ethereum layer-2 network, and a feature-rich ecosystem, we do not foresee Sky token making such big gains in a single year. Further, given that the Sky token’s distribution is concentrated in a few whale wallets, the token is subject to volatility, which could lead to sharp price spikes and drops. Hence, investors are advised to conduct due diligence before making investment decisions.
3. Is SKY coin a good investment in 2026?
Yes, the Sky coin is a good investment in 2026 for more reasons than one. Regulatory clarity from the GENIUS Act and EU MiCA Guidelines is accelerating stablecoin adoption across governments, private firms, retail investors, and more. Stablecoins such as USDS are increasingly playing a big role in payments, treasury, and bridging tradFi and DeFi in the coming years. This stablecoin boom will continue to support projects like Sky protocol.
Sky also benefits from Ethereum’s Pectra, Fusaka, and upcoming Danksharding upgrades, which improve speed, costs, and scalability across Ethereum and its L2s, positioning Sky to grow alongside Ethereum’s expansion.
Aside from this, Sky Protocol’s strong fundamentals and deflationary tokenomics make it a good investment in 2026.
4. Does SKY coin have a future?
Yes, the SKY coin has a future given its strong technical fundamentals, deflationary tokenomics, and its relevance in the Ethereum smart contracts ecosystem. The SKY coin is the primary governance token of the Sky protocol, which also has the USDS stablecoin in its ecosystem. As demand for stablecoins from government institutions, private firms, retail investors, and others grows, protocols such as Sky stand to benefit from the stablecoin boom. What’s more, the protocol’s staking incentives are tied to USDS; therefore, an increase in demand for USDS positively impacts the demand for and use of its governance token, SKY.
Recently, the founder of the Sky protocol, Rune Christensen, used around $ 1.3 million in staking rewards in USDS to buy back SKY tokens, indicating the core team's confidence in the protocol’s future growth. With the DeFi boom riding on financial inclusion, tech advancements, RWA tokenisation, and piquing institutional interest, protocols such as Sky have strong future potential.
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