Earlier this week, @John__Conneely and I, both representing the Sky Frontier Foundation, hosted an evening in New York with a group of institutional investors and various members from the @SkyEcosystem Agent Network. The likes of @PIMCO, @Fidelity, @apolloglobal, @DCGco, @galaxyhq, Tether.io, @krakenfx and @Polymarket joined us to discuss the current state of onchain capital markets. Not bad for a weekday night competing with Game 1 of the NBA Finals — we had a packed house! The numbers speak for themselves: ~$11B USDS supply ~$15B total AUM $6.5B in sUSDS deposits $200M in yield paid out to sUSDS holders $123.8M gross protocol revenue in Q1 2026 — the strongest quarter in protocol history $611M gross revenue projected for full-year 2026 We continue to actively allocate to various asset managers in pursuit of the best risk-adjusted returns across onchain and traditional yield sources. The excitement in the room around onchain capital allocation, stablecoins, and tokenization was hard to miss...and for good reason. This is becoming the future of financial infrastructure, and we believe that Sky sits at the center of it. We look forward to hosting more of these both in NYC and abroad!