Sky Frontier Foundation Reports Fifth Straight Profitable Quarter for Sky Protocol

Sky Frontier Foundation released its second-quarter 2026 Sky ecosystem report on July 23. Sky Protocol posted its fifth consecutive profitable quarter, with total protocol revenue of $107.35 million, up 10.5% year over year. According to PANews, net protocol revenue rose 25.1% year over year to $40.09 million, bringing total revenue over the past 12 months to $159.63 million.Net protocol surplus was $33.29 million, marking the fifth straight quarter in positive territory. Protocol collateral increased 45.5% year over year to $12.32 billion, while sUSDS reached $5.52 billion at the end of the quarter, up 149% year over year.