io.net

io.net is a decentralized computing network built on the Solana blockchain that aggregates idle GPU and CPU resources from data centers, crypto miners, and independent providers into shared clusters. It targets machine learning engineers and AI developers who need scalable distributed computing power but want to avoid the cost of traditional centralized cloud providers. The project claims to deliver comparable computational capacity at a fraction of what established cloud services charge.

Providers contribute unused hardware to the network and are compensated in IO tokens, while users pay IO tokens to rent computing capacity organized into distributed clusters. The network lives within the Solana ecosystem, inheriting Solana's settlement layer rather than running its own consensus algorithm — the block time stored for this asset is recorded as zero, consistent with that architecture. The IO token therefore functions as both a payment instrument for compute time and an incentive for hardware providers to remain connected to the network.

The data stored here does not include a direct fee revenue figure for the protocol, so fee-based measures that this site might normally report cannot be calculated for io.net. Revenue in concept flows from users who pay for compute to providers who supply hardware, with the protocol's own share of that flow not represented in the stored metrics. What is recorded is a 24-hour turnover figure of 22.76 percent, meaning trading volume over that period equaled roughly that share of the circulating market capitalization of approximately 62.8 million USD.