Sky, formerly known as Maker, launched its stablecoin USDS on Solana, aiming to enhance the DeFi ecosystem of the blockchain. 🌐

- USDS has become the first major DeFi stablecoin on Solana.

- Sky offers rewards for early users and liquidity providers.

- Despite the growth of DeFi on Solana, the network's popularity is mainly driven by speculation on meme coins.

- The SKY token is not yet traded on exchanges, which slows its adoption.