A lot of the focus of this report will be the numbers. The real growth story imo is Laniakea. Institutional onboarding used to mean custom contracts, custom risk models, custom legal. Months of work per counterparty. Now it will be standardized, audited stack. Days/Weeks, not months.
Sky Protocol delivered its 5th consecutive positive quarter in Q2 2026, generating $107.35M in Gross Protocol Revenue and $33.29M in Net Protocol Surplus.
Q2 results across the protocol and ecosystem are detailed below.
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