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The phrase 'has skyrocketed' is correct and usable in written English.
It is used to emphasize a sudden or dramatic increase in something. For example: "In the last month, the price of bananas has skyrocketed!".
Exact(60)
Participation has skyrocketed.
Campaign spending has skyrocketed.
"The interest has skyrocketed".
The share price has skyrocketed.
Since then, its value has skyrocketed.
His reputation has skyrocketed; his prices, too.
But its popularity has skyrocketed ever since.
"In this recession," Mr. Herbert said, "Medicaid enrollment has skyrocketed.
When it comes to contemporary art, not everything has skyrocketed.
"My fund-raising has skyrocketed since all this nonsense began.
Federal debt, as reported, has skyrocketed during the Obama administration.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com