About Akash Network

Akash is a blockchain network that supports a decentralized compute marketplace. Akash allows users to lease computing resources from the network’s providers. AKT is the network’s utility token and can be used to secure the network through staking. AKT can also be used to participate in network governance. AKT tokens can be used to vote on proposals related to the network’s development and grant allocations.

Happening now

AI generated 5h ago

AKT's roughly

↗8%

monthly gain in the decentralized AI infrastructure space is drawing attention as the

broader AI crypto sector heats up

.

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ARS 974.12

Trading Insights

Buyer Ratio

58%0%

Traders

408

3.55%

Buyers

236

4.07%

Sellers

188

6%

Searched

623

Market Stats

Market Cap

ARS 284.26B

FDV

ARS 375.1B

Circ. Supply

294M AKT

Max Supply

389M AKT

Total Supply

294M AKT

Performance

Popularity

#135

Dominance

0.01%

Volume (24H)

ARS 16.26B

7.6%

Volume (7D)

ARS 80.33B

Volume (30D)

ARS 451.57B

All time high

ARS 11.48K

Price Change (1Y)

Not enough data

43.52%

Additional details

Market details

AKT vs markets

↘ 16.06%

AKT vs BTC

↘ 10.21%

AKT vs ETH

↘ 23.41%

Tags

ai-big-data

distributed-computing

web3

generative-ai

+3

Network & Addresses

Network
Address

Akash

NA

Cosmos

IBC/2181AAB0218EAC24BC9F86BD1364FBBFA3E6E3FCC25E88E3E68C15DC6E752D86

Osmosis

ibc/1480B8FD20AD5FCAE81EA87584D269547DD4D436843C1D20F15E00EB64743EF4

Price history

Time
Price
Change
Today
ARS 974.12
-6.40%
1 Day
ARS 1,035.26
-6.40%
1 Week
ARS 1,092.52
-11.92%
1 Month
ARS 866.67
+9.06%
1 Year
ARS 1,402.66
-43.52%

Coinbase insights

Happening now

AI generated 5h ago

AKT's roughly

↗8%

monthly gain in the decentralized AI infrastructure space is drawing attention as the

broader AI crypto sector heats up

.


Outpacing peers in AI infrastructure

AKT has outpaced its Cosmos Ecosystem peers by approximately

↗9%

over the past year, positioning itself in the growing

decentralized cloud computing market

. The monthly

↗8%

climb reflects growing interest in decentralized AI infrastructure.


Consolidating after monthly gains

Price cooled roughly

↘18%

over the past week with more sellers than buyers, a natural breather after the monthly climb as trading activity normalizes.

Recent trends

The latest AKT price is ARS 974.12. Compared to Akash Network's value of ARS 1,035.26 from 24 hours ago, there's been a -6% decrease, while the current price is -12% down from ARS 1,092.52 which was recorded one week ago. Akash Network's all time high is ARS 11,475.45, which was reached on April 6, 2021. This is a -92% change from its price today.

The current circulating supply of Akash Network is 294,437,270. This is 76% of its max supply of 388,539,008 AKT and 100% of its total supply of 294,437,270. The market cap is currently ARS 284.26B, which is a result of multiplying the current price of Akash Network(ARS 974.12) by the total supply(294,437,270 AKT). The fully diluted valuation of Akash Network is ARS 375.1B. The diluted valuation of Akash Network is ARS 375.1B.

Akash Network had 236 buyers, 188 sellers and total 408 trades in the last 24h. Akash Network was searched 623 times in the last 24h.

FAQ

Akash Network is an open-source, decentralized marketplace for cloud computing resources. It intends to offer an alternative to the traditional cloud services industry by leveraging blockchain technology to provide a more efficient, affordable, and effective solution. Akash Network enables users to exchange computing resources securely, effectively creating a Supercloud. This Supercloud is designed to be owned and managed by its community, with the source code available to everyone. It operates on a "reverse auction" system, where customers propose their desired price and providers compete for the business, often resulting in lower prices compared to other cloud systems.

Akash Network operates on a decentralized marketplace model, where users can exchange computing resources. It uses a unique system, where customers propose their desired price and providers compete for the business. This system is powered by a simple-to-use YAML-based language called SDL, which allows users to create complex deployments spanning multiple areas and providers. Akash Network runs on Kubernetes, a container orchestration system, ensuring a reliable platform for hosting applications. It also offers a large-scale storage system and the ability to rent a dedicated IP address for applications.

Akash Network strives to provide a more efficient, affordable, and effective solution for cloud computing resources. It can be used to deploy and manage cloud infrastructure, exchange unused cloud resources, or acquire cloud resources from others. This makes it a versatile tool for a wide range of applications, from hosting web services to running complex AI models. Furthermore, Akash Network's decentralized nature and commitment to privacy and security make it a suitable option for applications that require censorship resistance and pseudonymity.

Akash Network was developed with the intention of offering an alternative to the traditional cloud services industry by leveraging blockchain technology. It was built on dependable technologies like Kubernetes and Cosmos, and is owned and managed by its community. Akash Network is the first blockchain to have carried out an Inter-Blockchain Communication (IBC) transaction with Cosmos Hub, enabling it to communicate natively with other blockchains that are also IBC compatible. Over time, Akash Network has continued to evolve and improve, with the community overseeing all aspects of its development and operation.

We update our Akash Network to ARS currency in real-time. Get the live price of Akash Network on Coinbase.

The current market cap of Akash Network is ARS 284.256B. A high market cap implies that the asset is highly valued by the market.

The all-time high of Akash Network is ARS 11,475.45. This all-time high is highest price paid for Akash Network since it was launched.

Over the last 24 hours, the trading volume of Akash Network is ARS 16.262B.

Assets that have a similar market cap to Akash Network include OriginTrail, Trust Wallet Token, Aave ENS V2, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Akash Network is 294 million.

Akash Network ranks 93 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

Yes, Akash Network is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Akash Network guide.

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Social stats

Popularity in posts

#492

Contributors

115

Posts

269

% About Akash Network

0.052%

Articles

0

X (Twitter)

53.58% bullish

Sentiment

4.4 ★

Highlights

115 unique individuals are talking about Akash Network and it is ranked #492 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Akash Network has an average sentiment score of 4.4 out of 5. Finally, Akash Network is becoming less newsworthy, with 0 news articles published about Akash Network.

On Twitter, people are mostly bullish about Akash Network. There were 59.66% of tweets with bullish sentiment compared to 11.34% of tweets with a bearish sentiment about Akash Network. 40.34% of tweets were neutral about Akash Network. These sentiments are based on 265 tweets.

On Reddit, Akash Network was mentioned in 1 Reddit posts and there were 1 comments about Akash Network. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

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