Sky price

#56 in the top 100DeFi

$0.0605−1.69%

Data as of November 11, 2026, 02:11 UTC+3, the price refreshes on the page

Sky is the governance token of the Sky protocol (formerly MakerDAO), replacing MKR.

Market cap: $1.42B
24h volume: $7.70M
Volume / market cap: 0.54%
Fully diluted value: $1.42B
Circulating supply: 23.4 B SKY
Total supply: 23.5 B SKY
Max supply: 23.5 B SKY
24h range: $0.0596 … $0.0617
All-time high: $0.1009October 5, 2026

Sky chart

1 hour−0.17%

24 hours−1.69%

7 days−8.09%

30 days−25.27%

1 year+10.42%

Price in US dollars, data from CoinGecko

Analytics

What the numbers say about how the coin behaves. Based on hourly prices over 7 days and data as of November 11, 2026, 02:11 UTC+3.

Volatility

65%moderate

1.4× higher than Bitcoin over the same week.

Link to Bitcoin

0.83strong

Moves almost in step with Bitcoin. When Bitcoin moves 1%, SKY moves 1.2% on average.

From the all-time high

−40.01%well below

The high of $0.1009 was set on October 5, 2026.

Liquidity

0.5%thin

A day’s trading equals 0.5% of market cap. Large orders are harder to fill without moving the price.

Supply issued

100%nearly all

99.8% of the max supply is out.

Place in the week’s range

7%near the bottom

The week ranged from $0.0599 to $0.0679, with a max drawdown of −11.70%.

Market share

0.06%small

Share of the top-100 market cap.

What is Sky

Sky (SKY) is the governance token of the Sky protocol, known until August 2024 as MakerDAO. Danish entrepreneur Rune Christensen founded MakerDAO in 2014, and the protocol launched the DAI stablecoin in December 2017. SKY arrived in September 2024 alongside the USDS stablecoin as the successor to the older MKR governance token, at a fixed rate of 24,000 SKY per MKR. In 2025 SKY became the only governance token: MKR can no longer be used to vote, and converting SKY back to MKR has been switched off.

SKY is an ERC-20 token on Ethereum. The protocol mints the USDS and DAI stablecoins against collateral and earns interest on loans plus income from its reserves. Part of the surplus goes to buying SKY on the open market through the Smart Burn Engine, and the purchased tokens are distributed to stakers. Staked SKY carries voting power that can be delegated and can serve as collateral for a USDS loan, with no lockup period. If the protocol ever runs losses larger than its reserve, they can be covered by minting and selling new SKY.

SKY holders vote on borrowing and savings rates, accepted collateral, how surplus is spent and the settings of ecosystem projects such as Spark. Unlike governance tokens of lending protocols, SKY governs a stablecoin issuer, so protocol income and SKY buybacks depend on demand for USDS and DAI. Compared with MKR, the new token has a much smaller unit size and built-in staking with rewards and borrowing.

What it’s used for

voting on Sky protocol settings and delegating votes
staking for rewards funded by SKY buybacks
collateral for USDS loans in the Staking Engine

Risks

buybacks depend on protocol surplus and governance decisions: in March 2026 they were temporarily cut by 87% to rebuild reserves
if protocol losses exceed the reserve, they can be covered by minting and selling new SKY, diluting holders
a USDS loan backed by SKY gets liquidated if the SKY price falls sharply

Contract addresses

Check the contract address before you buy or send: fake tokens copy the name and ticker, but their address is different.

Network	Contract	Open
Ethereum (ERC-20)	`0x56072c95faa701256059aa122697b133aded9279`	Open
Hydration	`asset_registry%2F1000795`

Check a SKY address before the deal

mexm AML shows where the coins came from: scams, darknet, mixers, sanctions. Networks: Ethereum (ERC-20). First check free.

Check an address

Questions

How much is Sky worth today?

As of November 11, 2026, Sky trades at $0.0605. Over 24 hours the price moved −1.69%, over 7 days −8.09%. The price on this page refreshes automatically.

How many SKY are in circulation?

23.4 B SKY are in circulation. Max supply is 23.5 B SKY, so 99.8% has been issued. The fully diluted value of all coins is $1.42B.

What is the Sky all-time high?

The all-time high of $0.1009 was set on October 5, 2026. The price is now 40.01% below it. The all-time low was $0.0358 (February 2, 2025).

How do I convert MKR to SKY?

Through the Sky protocol’s converter at 24,000 SKY per MKR. Since September 2025 a late-upgrade penalty applies: it started at 1% of the SKY received and grows by another 1% every three months. SKY cannot be converted back to MKR through the protocol.

How is SKY different from USDS?

SKY is the governance token: its price floats, and holders vote on protocol rules and earn staking rewards. USDS is the same protocol’s stablecoin, pegged to the US dollar and used for payments and savings.

How do I check a SKY address for AML risk?

Open @AMLmexmBot, pick the network (Ethereum (ERC-20)) and send a wallet address or a transaction hash. The bot shows the risk score in percent and where the funds came from. Your first check is free.

Prices and analytics are for information only and are not investment advice. Market data source: CoinGecko.