Akash Network

Akash Network is a decentralized, open-source marketplace for cloud computing that runs on a blockchain, where anyone with spare computing capacity can list it for others to rent. It targets developers and businesses who currently depend on large centralized cloud providers, aiming to offer an alternative where prices are set by open competition among many independent suppliers rather than by a small number of dominant platforms.

Akash is built as a Layer 1 blockchain in the Proof of Stake category, where validators stake the native AKT token to participate in securing the network and reaching consensus on transactions. AKT is also used within the marketplace as a settlement and staking asset — tenants and providers interact through on-chain lease agreements, with AKT underpinning the economic relationships between those who supply compute and those who consume it. The network's block time is recorded as zero minutes in the data held here, meaning no block interval figure is available to report.

The marketplace model means fees are generated when tenants pay providers for compute resources, with AKT serving as the medium of exchange inside those transactions. The data held here does not include a specific protocol-level fee rate or revenue figure, so no quantitative fee-stream analysis can be offered. What the supply figures do show is that 76.50 percent of the maximum supply of 388,539,008 tokens is currently circulating, and the fully diluted valuation is almost identical to the current market cap, with an FDV-to-market-cap ratio of 1.000175, meaning little additional supply dilution is pending — a dilution overhang of just 0.018 percent at this point in time.