Theta Network

Theta Network is a Layer 1 blockchain launched in December 2017 that combines a decentralized edge-computing network with a smart-contract-capable blockchain, targeting the artificial intelligence, media, and entertainment industries. It claims to address the high cost and centralization of cloud computing by allowing individuals worldwide to contribute spare GPU capacity to a shared pool. Businesses and developers running AI inference, video transcoding, 3D rendering, or gaming workloads are the intended users of that pooled resource.

The system operates as two linked layers: the Theta Edge Network, which aggregates GPU compute power from over 10,000 active nodes for processing jobs, and the Theta Blockchain, which handles payments, rewards, and smart contracts that coordinate and settle those jobs. The THETA token functions within this blockchain layer, and the project describes a separate reward token for edge-node contributors, though the data provided does not specify the consensus algorithm in use. The entire circulating supply of 1,000,000,000 THETA tokens is already in circulation, with no additional supply scheduled.

The data provided does not include a recorded fee revenue stream for the Theta Network protocol, which means fee-based measures such as protocol revenue or fee yield are not available on this page. What the data does show is a total value locked of approximately 322,965 USD at point-in-time, against a market capitalization of roughly 197,728,222 USD, producing a market-cap-to-TVL ratio of about 620. A stablecoin supply hosted on-chain of approximately 37,075 USD is also recorded at point-in-time. The absence of a fee figure means any economic relationship between network usage and token value cannot be evaluated from the figures stored here.