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Akash Network (AKT)

Akash Network is a decentralized cloud computing marketplace designed to connect buyers of compute capacity with providers that have servers, CPUs, GPUs, and other infrastructure available for lease. Instead of relying on a single centralized cloud vendor, Akash uses blockchain-based coordination to create an open market where workloads can be deployed across independent providers. The project is built with the Cosmos SDK and uses a proof-of-stake model, giving it interoperability with the broader Cosmos ecosystem and a governance structure centered on its native AKT token.

The network’s core proposition is that unused or underused computing resources can be made available to developers at competitive prices. Users can deploy containerized applications through Akash’s marketplace, while providers compete to host those workloads. This model is aimed at developers, startups, and organizations seeking alternatives to traditional cloud platforms, particularly where cost transparency, censorship resistance, and provider diversity are important.

Akash has gained additional attention because of its GPU marketplace, which targets demand from artificial intelligence, machine learning, rendering, and other compute-intensive workloads. By allowing GPU owners to offer capacity to the network, Akash seeks to broaden access to expensive hardware that is often scarce or costly through conventional cloud channels.

AKT is used for staking, network security, governance, and economic incentives within the ecosystem. Token holders can participate in securing the chain and voting on proposals, while the network’s design uses market-based pricing to match cloud supply and demand. Akash’s distinctive role is its attempt to bring decentralized infrastructure to a cloud market still dominated by a small number of large technology companies.

0.63595 USD
+0.029942 (+4.94%)

Last updated

Market Cap
$178M
Fully Diluted Valuation
$180M
24 Hour Trading Vol
$4.9M
Circulating Supply
292M
Total Supply
295M
Max Supply
389M
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Market Cap
$177,955,403
Fully Diluted Valuation
$179,959,489
24 Hour Trading Vol
$4,945,633
24h High
$0.617781
24h Low
$0.590338
24h Change
+1.02%
7d Change
-5.02%
30d Change
-20.29%
1y Change
-40.23%
Market Cap Rank
#178
Market Cap Rank (rehypothecated)
#251
Circulating Supply
292,078,878
Total Supply
295,368,192
Max Supply
388,539,008
All-time high
$8.07 (-92.44%) · 7 Apr 2021, 12:29 am
All-time low
$0.164994 (+269.88%) · 22 Nov 2022, 2:00 am
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