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SKY is a governance token, which is like a digital voting share, for Sky Protocol.
FOR CONTEXT
$1.78B compared to the worldAbout this comparison
This page compares the market capitalizations of Sky (SKY) and Ethena (ENA). With Sky currently at $0.0697 per coin and a market cap of $1.63B, and Ethena at $0.1760 with a market cap of $1.78B, applying Ethena's market cap to Sky's circulating supply produces a hypothetical SKY price of $0.0759 — a 1.09x move from current.
Sky: SKY is a governance token, which is like a digital voting share, for Sky Protocol.
All figures are live from the underlying market data feed. Past performance and hypothetical valuations are not indicative of future results.
Frequently asked
If Sky had Ethena's market cap, what would the price be?
If Sky (SKY) had Ethena's (ENA) current market cap of $1.78B, each SKY would be worth approximately $0.0759 based on the circulating supply of 23,422,587,406 SKY. That is 1.09x the current SKY price of $0.0697.
What is the current market cap of Sky?
Sky (SKY) currently has a market cap of $1.63B, ranking #53 by market capitalization. Each SKY trades at $0.0697.
What is the current market cap of Ethena?
Ethena (ENA) currently has a market cap of $1.78B, ranking #51 by market capitalization. Each ENA trades at $0.1760.
How does SKY compare to ENA?
Sky's market cap of $1.63B sits slightly above Ethena's $1.78B. For SKY to reach ENA's current valuation, the price would need to move 1.09x from its current level.
Is this comparison financial advice?
No. G.MARKETS is an informational tool. The hypothetical price shown is a mathematical calculation assuming Sky's circulating supply stays constant — it is not a prediction, recommendation, or any form of financial, investment, legal, or tax advice. Always do your own research before making any decision related to crypto assets.