io.net

io.net is a decentralized computing network built on the Solana blockchain that aggregates idle GPU capacity from data centers, crypto miners, and individual hardware owners into shared clusters. It targets machine learning engineers and AI developers who need large-scale distributed compute resources. The project claims these users can access that capacity at a fraction of what centralized cloud providers charge.

Suppliers connect GPU hardware to the network and make it available for compute jobs; customers request clusters and pay in the IO token, which is the native medium of exchange within the protocol. The network lives on Solana, inheriting its settlement layer, though no consensus algorithm specific to io.net is recorded in the data stored here. The token therefore functions primarily as a payment and incentive instrument between compute suppliers and compute buyers.

The fee structure of the protocol is not captured in the data stored on this site, so no fee-based measures such as revenue yield or fee multiples can be reported here. What is recorded is a 24-hour turnover ratio of roughly 12.6 percent, meaning trading volume over that period was about 12.6 times the market capitalisation figure of approximately 63.9 million dollars. Approximately 51.8 percent of the total supply of 800 million tokens has been issued so far, leaving a fully diluted valuation that is about 1.93 times the current market capitalisation, reflecting the weight of tokens not yet in circulation.