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.
Last updated
- Market Cap
- $172M
- Fully Diluted Valuation
- $174M
- 24 Hour Trading Vol
- $4.2M
- Circulating Supply
- 292M
- Total Supply
- 295M
- Max Supply
- 389M
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- Market Cap
- $172,244,619
- Fully Diluted Valuation
- $173,748,730
- 24 Hour Trading Vol
- $4,202,436
- 24h High
- $0.644156
- 24h Low
- $0.589042
- 24h Change
- -5.16%
- 7d Change
- -13.83%
- 30d Change
- -22.88%
- 1y Change
- -56.08%
- Market Cap Rank
- #186
- Market Cap Rank (rehypothecated)
- #258
- Circulating Supply
- 292,078,878
- Total Supply
- 294,629,431
- Max Supply
- 388,539,008
- All-time high
- $8.07 (-92.67%) · 06-Apr-2021, 11:59 pm
- All-time low
- $0.164994 (+258.64%) · 22-Nov-2022, 1:30 am
- Website akash.network
- Block explorer www.mintscan.io/akash
- Block explorer atomscan.com/akash
- X / Twitter twitter.com/akashnet
- Facebook akashnw
- GitHub github.com/akash-network