io.net

io.net is a decentralized computing network that aggregates idle GPU capacity from data centers, crypto miners, and independent hardware operators and makes it available to machine learning engineers and AI developers. The problem it addresses is the high cost and limited availability of GPU compute through centralized cloud providers. By pooling distributed hardware resources, it claims to offer comparable computing power at a fraction of the price those centralized services charge.

The network coordinates distributed GPU clusters across contributors and routes compute jobs from developers to available hardware, with the IO token serving as the medium of exchange and incentive layer within this marketplace. The project lives within the Solana ecosystem, meaning settlement and token transactions run on Solana's infrastructure rather than a separate blockchain with its own consensus mechanism. Beyond its role as a payment and incentive token, the precise governance and fee-distribution mechanics of IO within the protocol are not detailed in the data stored here.

The data provided does not include a specific fee revenue figure, so no fee-based yield or earnings measures can be reported for this asset on this site. In principle, the network's economic model involves compute buyers paying for GPU access and a portion of those payments flowing to hardware contributors and potentially to the protocol, but none of those flows are quantified in the stored data. What is recorded is a 24-hour turnover ratio of 10.38, meaning trading volume over that period equaled roughly ten times the circulating market capitalization of approximately 50.96 million USD. Approximately 47.79 percent of the total issued supply is currently circulating, with a dilution overhang of 109.23 percent, meaning the tokens not yet in circulation represent more than the entire current circulating supply.