ChainThink report, March 10: According to DefiLlama data, the total market capitalization of global stablecoins has reached a historical high, currently at $31.24 billion, up 1.18% over the past week. USDT holds a market share of 58.9%, while USDC accounts for 25%. The issuance volume of USDS, the stablecoin issued by Sky, surged 26.7% over the past month, with a current market cap of $7.92 billion and a market share of 2.5%. Sky Protocol recently recorded daily protocol fees of up to $1.1 million, generating daily protocol revenue of $600,000, resulting in an annualized protocol revenue of $211 million.

According to Stablewatch data, the total issuance of yield-bearing stablecoins has surpassed $21.5 billion, representing approximately 6.88% of the total stablecoin market cap. sUSDS, Sky’s yield-bearing stablecoin, has emerged as a standout performer, with its TVL increasing by 14.6% to $6.06 billion over the past seven days, ranking first among yield-bearing stablecoins. sUSDE, issued by Ethena, ranks second with a TVL of $3.53 billion.