AKT
AKT Rank #190
Decentralized ComputeInfrastructure
₹52.08
▼ 2.75%
24h
Market Cap
₹15,210,883,830
24h Volume
₹11,052,499
All-Time High
₹771.41
All-Time Low
₹15.77
Circ. Supply
292,078,878
of 388,539,008 max
Fully Diluted
₹20,234,334,459
Price Chart
24h Price Range
INR
₹51.13
₹54.30
Overview
About AKT
Akash Network is a decentralized marketplace for cloud computing, letting people rent out spare server capacity as an alternative to traditional cloud providers. Its token, AKT, is used to pay for compute resources.
Akash Network was founded by Greg Osuri, launching in 2020 as a decentralized marketplace for cloud computing, built using the Cosmos SDK. It positioned itself as an open alternative to centralized cloud providers like Amazon Web Services.
Akash lets anyone with spare server capacity list it on the network, while developers who need computing power submit bids for what they are willing to pay, with the network matching supply and demand in an open marketplace. This has proven especially useful for GPU rental, as demand for AI compute has soared and centralized cloud GPU capacity has grown scarce.
AKT is used to pay for compute resources on the network, staked by validators to secure it, and used in governance. As AI workloads have driven up demand for GPU compute broadly, Akash has increasingly marketed itself as a decentralized alternative for renting graphics processing power.
Key Facts
Market Rank#190
Max Supply388,539,008
Circulating292,078,878 AKT
SymbolAKT
