Amazon CEO: AWS backlog reaches $578 billion, up triple digits year over year

The scale of AWS's contracted backlog matters less for cloud computing itself than for the infrastructure layer crypto and RWA markets increasingly depend on: compute, data and settlement run on hyperscaler capacity. A backlog growing at a triple-digit rate signals that enterprise demand for cloud capacity is still accelerating, which shapes the cost and availability backdrop for tokenization and on-chain data businesses. Whether that growth rate holds as contracts convert to revenue is the open question.