Akash Network

Akash Network (AKT) ranks #126 by market capitalization, at $217.18M. It belongs to the DePIN sector (AI Compute). It has traded since Mar 12, 2021, across 28 markets on 14 exchanges, with $12.97M of volume in the last 24 hours. Its all-time high of $8.13 was reached on Apr 6, 2021; the current price is 91.9% below that peak. Its cycle low of $0.138355 came on Jun 28, 2022.

77.1% of the maximum supply of 388.54M AKT is in circulation. 6 investors are recorded as backers, including Genblock Capital, Cypher Capital, Digital Asset Capital Management (DACM). 2 team members are listed. It is available on 2 networks.

Akash is a decentralized and open-source cloud computing platform. The network connects server owners that need computing power to host applications with cloud computing resources through the Akash Marketplace, where users can buy and sell computing resources.

The Akash Marketplace runs on Akash, a Tendermint-based blockchain built using the Cosmos SDK. Akash relies on a Delegated Proof-of-Stake (DPoS) consensus mechanism. The network is secured by a group of validators responsible for producing blocks and processing transactions and state changes. To run validator nodes, users must meet node hardware requirements and stake the network’s native token, AKT.