[Sky Ecosystem Q3 Report: Net Revenue Reaches $37.19 Million, Marking Sixth Consecutive Quarter of Positive Net Revenue] Sky Frontier Foundation released its Q3 report for the Sky Ecosystem. Net revenue for the quarter reached $37.19 million, an 11.8% increase sequentially, marking the sixth consecutive quarter of positive growth. Profit margin improved from 31.0% to 37.5%. Total protocol revenue was $99.29 million, a 14.2% year-over-year increase, but a 7.4% decrease compared to Q2. Total expenses decreased by 16.0% to $62.1 million. Protocol collateral size was $11.41 billion, a 25.3% year-over-year increase, but a 7.3% decrease compared to Q2. sUSDS supply was $4.52 billion, a 118% year-over-year increase, but lower than Q2's $5.52 billion.