Akash Network

Akash Network is a decentralized cloud computing marketplace built on a blockchain, designed to connect people who have spare computing capacity with developers and businesses that need to run applications and workloads. It aims to address the dominance of large centralized cloud providers by creating an open, permissionless market where any party can offer or lease computing resources. The native token is AKT, which is classified as a Layer 1 blockchain asset also associated with artificial intelligence infrastructure and the broader decentralized physical infrastructure networks category.

Akash Network operates as a proof-of-stake blockchain where validators secure the network and process transactions in exchange for staking rewards. Tenants who need computing resources submit bids on the marketplace, and providers who supply those resources receive payment, with AKT serving as the settlement and staking currency inside the system. The chain itself is built within the Cosmos ecosystem, which is reflected in its presence across the Osmosis and Archway ecosystems.

The fee stream in Akash comes from leases struck between tenants renting compute capacity and providers supplying it, with AKT used as a medium of settlement within those transactions. The data stored here does not include an explicit protocol fee revenue figure, so fee-based valuation measures that would normally appear on this site are not available for this asset. What is recorded is that 76.92 percent of the maximum supply of 388,539,008 AKT is already in circulation, and the fully diluted valuation is almost identical to the current market capitalization, with an FDV-to-market-cap ratio of 1.000038, meaning nearly all tokens have already been issued and dilution overhang sits at just 0.003839 percent.