Yahoo Finance | EN590 Commodities
EN590 Commodities GroupMarket Analysis 2026-09-11T17:33:49+00:00
Sky Protocol, earlier known asMakerDAO, is a decentralized finance (DeFi) project built onEthereum. The crypto project is best known for its USDS stablecoin. Pegged 1:1 to the U.S. dollar, USDS attempts to keep its value the same as that of the dollar. As per the onchain analytics platformDeFiLlama, USDS has a market cap of more than $6 billion and accounts for over 2% of the total stablecoin market. Sky Protocol's governance token, SKY, gives holders the right to vote on the protocol's future. With a market cap of $1.38 billion, SKY is the 62nd largest cryptocurrency. Related: Explained: What is a stablecoin? On Sep. 11, Standard Charteredinitiated coverageof the SKY token with a price target of $0.325 by the end of 2028. The 172-year-old bank's global head of digital assets research, Geo
About EN590 Commodities Group
25+ years in mineral exploration and extraction. 15+ years of global commodity trading. Based in New York, USA serving 75+ countries.