Maker rebrands as Sky, sUSDS accumulates $250 million in earnings, and RWA project Grove’s TVL in its first month reached $44.10 million—did this transition end up being a bet on the right horse?

According to The Defiant, the stablecoin and lending protocol originally MakerDAO, now renamed Sky, released its June 2026 financial and operating data. Its annualized total revenue, extrapolated from that month’s level, reached a record $419.08 million. Since launch, the savings yield that sUSDS has cumulatively paid to users has exceeded $250 million; the protocol’s reserve size has grown to $82.50 million, up $33.70 million from this March. In addition, Sky’s real-world asset project Grove launched the governance token GROVE in June. The Fixed Yield product based on sUSDS launched its first month with TVL exceeding $44.10 million. DefiLlama data shows that Sky generated approximately $30.14 million in fees over the past 30 days,