This Altcoin’s New Report Shows Millions of Dollars in Profits: Details on Buybacks and Burn Also Included

The third-quarter report for the Sky ecosystem, released today, revealed new data on the protocol's revenue and the resources channeled into the token economy. According to the Sky Frontier Foundation, the protocol's net income after expenses reached $37.19 million. This represents an 11.8 percent increase compared to the previous quarter and marks the sixth consecutive quarter of positive results. Gross protocol revenue reached $99.29 million. This represents a 14.2% increase compared to the same period last year. With expenses decreasing by 16% compared to the previous quarter, the net income margin rose to 37.5%.

Source: Bitcoin Sistemi