Altcoin Season Buzz: Ethena, Sky, Curve DAO Drive Yield Hunting Despite Bitcoin Dominance

Key Points

1. Ethena’s price is around $0.598 with a market cap near $3.96 billion, supporting a synthetic stablecoin called USDe, and maintains active governance and liquidity programs.

2. Sky’s price is near $0.0798 with a market cap of approximately $1.7 billion, backing credit-focused DeFi platforms, though its price movement has been limited recently.

3. Curve DAO’s price is near $0.92 with a market cap of around $1.27 billion, underpinning one of the largest stablecoin trading platforms in DeFi with strong volumes.

4. Bitcoin dominance remains above 60%, but assets like Ethena, Sky, and Curve DAO show independent momentum, indicating selective trading rotation.

5. Ethena offers synthetic dollar exposure, Sky supports decentralized credit flows, and Curve DAO remains central to stablecoin liquidity, each linked to usage and trader behavior.