Sky Ecosystem released its third-quarter report: net income reached 37.19 million USD, achieving positive net income for six consecutive quarters

Sky Frontier Foundation released the Sky Ecosystem Q3 report. This quarter's net income reached 37.19 million USD, a quarter-on-quarter increase of 11.8%, marking the sixth consecutive quarter of positive growth, with the profit margin rising from 31.0% to 37.5%.

Total revenue from the protocol was 99.29 million USD, a year-on-year increase of 14.2%, but a decrease of 7.4% compared to the second quarter. Total expenses decreased by 16.0% to 62.10 million USD. The protocol's collateral size was 11.41 billion USD, a year-on-year increase of 25.3%, but a decrease of 7.3% compared to the second quarter. The supply of sUSDS was 4.52 billion USD, a year-on-year increase of 118%, but lower than the 5.52 billion USD in the second quarter. This quarter, 28.47 million USD was transferred to the Sky reserve, with the ending balance of the reserves reaching 85.08 million USD.