Sky Protocol reported a strong financial performance in Q2 2026, with total protocol revenue reaching $107.35 million, marking a 10.5% increase year-on-year. The protocol achieved profitability for the fifth consecutive quarter, with net protocol revenue climbing 25.1% to $40.09 million. Over the past 12 months, total revenue amounted to $159.63 million. The protocol's collateral increased significantly by 45.5% year-on-year to $12.32 billion, while sUSDS surged 149% to $5.52 billion by the end of the quarter. Additionally, Sky Reserve received $29.87 million in retained funds, the largest quarterly contribution since the March 14 recapitalization, boosting its reserves to $82.40 million.