Current on-chain data suggests that Sky Protocol maintains a strategic foothold on the Ethereum network. Commanding a dominance of 10.98%, this pool serves as a primary liquidity venue for the USDS asset class.
Analysing the capital allocation, the Total Value Locked (TVL) of $3,986,384,594 acts as a barometer for investor confidence. In the broader DeFi context, this level of capitalisation suggests a mature market structure.
The pool displays substantial depth, creating a high barrier against manipulation. Large market orders are absorbed with minimal price displacement. The depth of the liquidity pool is directly correlated to the asset's ability to absorb shock without drastic price displacement. With a calculated "Volatility Buffer" rating of High, the smart contract demonstrates high resistance to market manipulation.
Institutional execution is feasible. Slippage on standard trade sizes is negligible. For traders looking to enter or exit positions in USDS, understanding the price impact is vital for capital preservation. Below is a theoretical projection of price impact based on constant product market maker formulae relative to total TVL:
| Trade Size | Est. Impact (Theoretical) | Risk Assessment |
|---|---|---|
| $1,000 | 0.0000% | Safe |
| $10,000 | 0.0003% | Safe |
| $100,000 | 0.0025% | Safe |
*Note: Slippage values are theoretical estimates. Actual execution depends on routing paths and active order books.
Total Value Locked (TVL) is the premier metric for gauging the health of a DeFi protocol. It represents the aggregate assets deposited into the smart contract's reserves.
A 'deep' pool (High TVL) acts like a heavy anchor—it is difficult to move. Large trades result in minimal price impact. Conversely, a 'shallow' pool is volatile; small trades can swing the price significantly.
Data sourced via internal indexer. Active Tracking: 23 Jan 2026, 11:10 UTC. Disclaimer: Data is for informational purposes only. Past performance does not guarantee future results. Terms of Service apply.
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