Sky Market Cap Calculator
Calculate Sky (SKY) market cap from the live SKY price and circulating supply — plus FDV, and the price SKY would need to reach any target valuation.
Result
Enter values to see the result.
Using the Sky Market Cap Calculator
Market cap is simply the live SKY price multiplied by the number of coins in circulation, and this page does that with the current price loaded for you. The supply field starts at roughly 23.39 billion SKY, which is where it stood on 5 August 2026 — supply moves, so check it against a market data source if you need an exact figure, and edit the field.
Sky's supply is bounded at 23.46 billion SKY, so the fully diluted valuation is a real ceiling rather than an open-ended one. The MC/FDV row shows how much of that supply is already trading: the closer it is to 100%, the less future dilution is waiting for you, and for SKY that gap is currently 100%.
The comparison field answers the question people actually come here for: what would SKY be worth at some other valuation? Enter a target market cap and the calculator returns the implied SKY price and the multiple from here. It is arithmetic, not a forecast — reaching a larger cap means absorbing every holder willing to sell on the way, and sKY tracks demand for USDS and the protocol's collateral income, and reacts to governance decisions about the savings rate.
Sky at a glance
- Launched
- MakerDAO 2017; renamed to Sky in September 2024
- Conversion
- 1 MKR → 24,000 SKY; DAI → USDS one-for-one, both reversible
- Total supply
- ~23,460,000,000 SKY
- Stablecoins
- USDS alongside DAI, which still circulates
- Savings
- USDS holders can earn the Sky Savings Rate
- Native staking
- Yes — SKY can be staked for governance-set rewards
Frequently asked questions
- What is Sky's market cap?
- Multiply the live SKY price by the circulating supply — around 23.39 billion SKY as of 5 August 2026. The calculator above loads the current price and does this for you; the result updates the moment you change either field.
- How do I calculate the SKY price at a given market cap?
- Divide the target market cap by the circulating supply. The comparison field above does it directly and also shows the multiple against today's SKY price, which is usually the more sobering number.
- What is Sky's fully diluted valuation?
- FDV prices all 23.46 billion SKY at the current price, including coins not yet circulating. The difference between FDV and market cap is the supply still to enter the market — worth knowing before you treat market cap as the whole picture.
- How do you calculate crypto market cap?
- Market cap = current price × circulating supply. A coin at $2 with 500 million coins in circulation has a $1 billion market cap. Note that it is circulating supply, not total supply — tokens still locked in vesting contracts or a treasury are excluded.
- What is the difference between market cap and FDV?
- Market cap uses only the coins in circulation today. Fully diluted valuation (FDV) prices every coin that will ever exist, including locked and unminted supply. A project with a $200M market cap but a $2B FDV has 90% of its supply still to hit the market.
More SKY calculators
Free Sky (SKY) profit calculator. Enter your buy and sell price to see SKY profit, loss, ROI and fees — prefilled with the live SKY price.
Free Sky (SKY) dollar-cost-averaging calculator. Model recurring SKY buys to see coins accumulated, average entry and portfolio value at today's live price.
Work out your weighted average Sky (SKY) entry price across multiple buys — and see exactly where your break-even sits.
Find the exact Sky (SKY) price that liquidates your leveraged position. Prefilled with the live SKY price — set your leverage and direction.
Prefer the generic version without SKY presets? Open the Crypto Market Cap Calculator.
For educational purposes only. Rates, fees and protocol parameters change — verify current figures with your exchange or validator before acting. Not financial advice.