Size and Money Locked
Sky has about $4.0 billion locked in its protocol, making it the larger of the two platforms. Lista DAO secures roughly $1.6 billion in total value locked, about half of Sky's size.
Both platforms have seen TVL decline over the past week, with Sky down about 19% and Lista DAO down about 4%.
Activity and Fees
Daily trading activity is markedly higher on Lista DAO, which processes roughly $21.7 million in volume each day. Sky reports no 24‑hour volume.
Users on Sky paid around $833 k in fees over the last 24 hours, while Lista DAO users paid about $79 k, indicating a larger fee base on Sky despite lower transaction volume.
Networks and Reach
Sky operates solely on Ethereum, limiting its exposure to a single blockchain. Lista DAO spans both BSC and Ethereum, giving it a broader multi‑chain presence.
The additional chain support may attract users who prefer the lower fees and faster transactions often associated with BSC.
Who Each Platform Suits
Sky is suited for users seeking to lock a large amount of capital on a single, well‑established network and who value the reward model for non‑custodial USDS saving.
Lista DAO appeals to borrowers and lenders who want higher daily trading activity, multi‑chain options, and the ability to stake or borrow lisUSD against diverse collateral.