Share this article
Greg Osuri: Delivering on DePIN
The co-founder of the Akash Network is utilizing DePIN to make computing power more affordable to individual users.
Updated Dec 10, 2024, 7:52 p.m. Published Dec 10, 2024, 2:18 p.m.
Make us preferred on Google
For much of 2024, it felt like the three biggest trends in crypto were DePIN, DePIN, and DePIN. And one of the biggest players in DePIN is the Akash Network, which was co-founded by accomplished software developer and founder of AngelHack Greg Osuri.
Think of Akash as an open-source “super cloud” that lets people buy and sell compute, which is now a coveted resource in the age of AI. This is the core concept of Decentralized Physical Infrastructure, aka DePIN — using blockchain technology to organize resources (in this case, compute) that are otherwise fragmented. Akash is meant as a long-term alternative to Nvidia’s centralized chips, intended to make computing more affordable to individual users.
STORY CONTINUES BELOW
“Akash gives you the right to compute, freedom from censorship, liberty of free thought,” Osuri has said. “$AKT [Akash’s native token] is the currency of compute.” And people are using it. Akash reported that in the third quarter of 2024, year-over-year user fees surged by an eye-popping 1,729%.
This profile is part of CoinDesk's Most Influential 2024 package. For all of this year's nominees, click here.
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Solana’s new phase is ‘much more about finance,’ says Backpack CEO Armani Ferrante
The Solana ecosystem has spent the past year doubling down on a financial infrastructure, Backpack CEO Armani Ferrante told CoinDesk.
What to know:
- Solana’s latest phase looks a lot less flashy than its memecoin-fueled highs, and that may be the goal.
- Armani Ferrante, CEO of crypto exchange Backpack, told CoinDesk in an interview the Solana ecosystem has spent the past year doubling down on a more sober focus: financial infrastructure. A
- fter years of experimentation as the wider crypto industry focused on NFTs, games and social tokens, attention is now shifting back toward decentralized finance, trading and payments.
Top Stories
