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 22h ago

AKT declined further Thursday afternoon, ranking among bottom performers in Cosmos Ecosystem with ↘27% monthly losses.

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ARS 780.55

Trading Insights

Buyer Ratio

71%0%

Traders

173

4.22%

Buyers

122

34.07%

Sellers

57

27.85%

Searched

178

Market Stats

Market Cap

ARS 231.43B

FDV

ARS 303.68B

Circ. Supply

296M AKT

Max Supply

389M AKT

Total Supply

296M AKT

Performance

Popularity

#141

Dominance

0.01%

Volume (24H)

ARS 4.41B

24.18%

Volume (7D)

ARS 30.88B

Volume (30D)

ARS 190.58B

All time high

ARS 12.4K

Price Change (1Y)

Not enough data

62.7%

Additional details

Market details

AKT vs markets

↘ 34.53%

AKT vs BTC

↘ 31.54%

AKT vs ETH

↘ 25.31%

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 780.55
-3.04%
1 Day
ARS 816.08
-3.04%
1 Week
ARS 826.12
-6.26%
1 Month
ARS 1,007.76
-23.04%
1 Year
ARS 1,782.63
-62.70%

Coinbase insights

Happening now

AI generated 22h ago

AKT declined further Thursday afternoon, ranking among bottom performers in Cosmos Ecosystem with ↘27% monthly losses.


Market Position

Monthly performance trails Cosmos Ecosystem average by over 22 percentage points, while INJ leads with ↗13% gains

Trading volume dropped ↘11% daily, matching broader category weakness seen in INJ's ↘12% decline

Unique trader activity plunged ↘23% in 24 hours, with sellers outnumbering buyers by roughly 2 to 1

Recent trends

The latest AKT price is ARS 780.55. Compared to Akash Network's value of ARS 816.08 from 24 hours ago, there's been a -3% decrease, while the current price is -6% down from ARS 826.12 which was recorded one week ago. Akash Network's all time high is ARS 12,404.80, which was reached on April 6, 2021. This is a -94% change from its price today.

The current circulating supply of Akash Network is 296,095,059. This is 76% of its max supply of 388,539,008 AKT and 100% of its total supply of 296,095,059. The market cap is currently ARS 231.43B, which is a result of multiplying the current price of Akash Network(ARS 780.55) by the total supply(296,095,059 AKT). The fully diluted valuation of Akash Network is ARS 303.68B. The diluted valuation of Akash Network is ARS 303.68B.

Akash Network had 122 buyers, 57 sellers and total 173 trades in the last 24h. Akash Network was searched 178 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 231.429B. A high market cap implies that the asset is highly valued by the market.

The all-time high of Akash Network is ARS 12,404.80. 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 4.411B.

Assets that have a similar market cap to Akash Network include Chiliz, eCash, MX Token, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Akash Network is 296 million.

Akash Network ranks 92 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

#269

Contributors

76

Posts

152

% About Akash Network

0.059%

Articles

0

X (Twitter)

20.39% bullish

Sentiment

3.8 ★

Highlights

76 unique individuals are talking about Akash Network and it is ranked #269 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 3.8 out of 5. Finally, Akash Network is becoming less newsworthy, with 0 news articles published about Akash Network.

On Twitter, people are mostly neutral about Akash Network. There were 22.14% of tweets with bullish sentiment compared to 8.57% of tweets with a bearish sentiment about Akash Network. 77.86% of tweets were neutral about Akash Network. These sentiments are based on 152 tweets.

On Reddit, Akash Network was mentioned in 0 Reddit posts and there were 0 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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