What Skycoin is
Skycoin (SKY) is a Layer-1 smart-contract platform, currently ranked 396th by market capitalization among the assets we track. As a proof-of-stake Layer-1, Skycoin hosts applications, settles their transactions, and lets SKY holders earn yield by helping validate. Capital at stake — not electricity — is what keeps the chain honest.
Skycoin (SKY) is a cryptocurrency designed to create a decentralized internet, utilizing a unique blockchain architecture and its own token, Skycoin, to facilitate secure and private online communication. It aims to improve internet infrastructure and empower users by integrating various technologies like Skywire, a decentralized VPN service.
How consensus and the token economy connect
Staking ties the token's value to network security: more SKY bonded means a costlier attack, and stakers are paid for taking that role. Unstaking queues and slashing parameters shape how liquid that capital really is.
Under the hood, SKY secures its ledger with Obelisk, built on the Obelisk algorithm.
Background & fundamentals
Skycoin first went live in 2013, giving it roughly 13 years of on-chain price history to draw on. Skycoin operates under a centralized structure, which concentrates protocol decisions in an identifiable issuer or foundation. Skycoin lists a documented core team of 9, so the people behind the project are at least named on the record.
Its codebase is open-source, meaning the implementation can be audited rather than taken on trust. The project publishes a whitepaper documenting its original design, which is worth reading before sizing any position in SKY. CoinPaprika classifies the project's development status as "On-going development".
In sector terms it is most often filed under Cryptocurrency, Proof Of Stake, and Internet.
Where Skycoin sits in the market
At $0.0799, Skycoin carries a market capitalization of $1.76M. Around $5.81M changes hands across exchanges in a typical 24-hour window. That is a turnover of about 330.55% of the float — unusually high, the kind of churn that accompanies major news or speculative spikes.
Only ~25% of the 100M-SKY maximum supply is circulating today, so emissions remain a live factor in price discovery. SKY remains -100% beneath its all-time high of $53.83, the kind of gap that historically takes a full cycle or a fresh catalyst to close.
What the price history shows
Recent moves read 24-hour -8.10%, 7-day +1.94%.
Volatility profile
Recent action puts Skycoin in the Extreme-volatility band — it is in a high-volatility regime — these are the conditions where outsized gains and losses both become more likely.
How to evaluate Skycoin
The honest checklist for SKY is short:
- Real usage — active addresses, fees paid, and total value locked — does on-chain demand justify the valuation?
- Staking economics — the share of SKY staked, the yield, and unlock/queue dynamics that govern liquid supply.
- Ecosystem depth — how many applications and how much liquidity have chosen Skycoin over competing Layer-1s.
This page pulls live market data, on-chain stats where available, exchange-by-exchange volume, and our forecast model into one view so you can work through those questions in a single place. None of it is investment advice — it is a structured starting point for your own research.