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According to the Sky Frontier Foundation report, Sky Protocol's revenue in the first quarter of 2026 reached 123.79 million US dollars, a year-on-year increase of 28.9% and a quarter-on-quarter increase of 56.8%, marking a record high. Net surplus was 46.04 million US dollars, accounting for 92.4% of the total net surplus for 2025. Protocol collateral rose year-on-year to 13.03 billion US dollars, with USDS supply reaching 11.7 billion US dollars, a year-on-year increase of 67.9%. sUSDS supply reached 6.49 billion US dollars, making it the largest yield-generating stablecoin. On March 14, Sky governance approved a capital restructuring plan, aiming to establish a 150 million US dollar solvency reserve.

Jinse Finance reported, citing market sources: B2B trading volume reached 226 billion US dollars, accounting for 58% of the total annualized stablecoin trading volume of 390 billion US dollars, thus holding an absolute dominant position; it is significantly ahead of C2C (77 billion US dollars), C2B (76 billion US dollars), and B2C (11 billion US dollars) trading volumes. This structure is highly similar to the wholesale capital turnover model of traditional finance, while the trading volumes of C2C and C2B are basically on par, which is an underestimated signal of the retail market.

Glonghui, April 30th — $725 billion: this is the total capital expenditure cap for tech giants Google, Microsoft, Meta, and Amazon this year. Behind this aggressive capital spending, each giant faces the constraints and price pressure of hardware infrastructure: Microsoft stated that out of its $190 billion capital expenditure, $25 billion is allocated to address rising component prices; Google said this quarter's $35.7 billion capital spending covers real estate, servers, data centers, and other infrastructure; Meta attributed its increased capital spending to higher hardware component prices this year and additional data center costs required to support future capacity. Jefferies technology analysts said: "What we’re seeing is bottlenecks across the board. The hyperscale cloud providers either have to wait or pay more to get in. This is good for the 'pick-and-shovel' sellers, but not beneficial for companies that need to integrate all the links together."