[ChainFundamentals AI Research] Sky Fundamentals Datasets – Apr2026

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Abstract
Sharing our regular AI powered reports for Sky Ecosystem for April 2026.
Sky Fundamentals - April 2026
USDS Demand by Product - April 2026
As we strive to continuously improve these reports we have incorporated community feedback as follows for this months reports ;
Stablecoin Demand in the Sky Fundamentals report focuses on USDS Total Supply monthly change by product and a summary of the Top6 change drivers.
The Cash Flow Analysis now includes a section tracking the observable on-chain balances for the Sky Frontier Foundation.
For the USDS Demand deepdive report we have included spUSDC and spUSDT as they become an increasingly important indirect driver of USDS Total Supply via the SLL.
Notes:
All data is sourced from transparent Dune queries which you can click through to verify directly — entity attribution is high-confidence but not definitive. This is independent research shared for community awareness and transparency.
Generated with Claude.AI · Data & prompts: ChainFundamentals.io
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