Akash Network Logo

Akash Network AKT

Akash Network header image

1. Summary

Ranks

Liquidity
98
Developer
50
Social
93
Momentum (beta)
91
Stack Rankā„¢
81
Price
52W High price $6.22
52W High date 10th Mar 2024 (8 months ago)
All Time High (ATH) Date 6th Apr 2021 (3 years ago)
ATH Price $8.07
% From ATH -58.7%
All Time Low (ATL) Date 21st Nov 2022 (2 years ago)
ATL Price $0.16
% From ATL 1921.21%
Supply & Trading Volume
Trading Volume (24h) $53.70M
Total Supply 248.29M
Max Supply 388.54M
Circulating Supply 247.44M
Description

Akash Network is the world's first decentralized cloud computing marketplace, often referred to as the "DeCloud for DeFi." The network connects server owners who provide computing resources to host applications with those who need them, thereby reducing costs as compared to traditional cloud services.

Akash Network is the world's first decentralized cloud computing marketplace, often referred to as the "DeCloud for DeFi." The network connects server owners who provide computing resources to host applications with those who need them, thereby reducing costs as compared to traditional cloud services.

Components

The Akash Network is composed of three key components:

  1. Akash Providers: These are the server owners who manage infrastructure and Kubernetes clusters. They provide computing resources to the network.

  2. Akash Network: This is the platform that facilitates deployment across providers securely and efficiently. It is often likened to Airbnb for data centers. The platform is built on open-source principles, ensuring standardization and community involvement.

  3. Akash Tenants: These are the users who deploy apps on Docker containers in the Akash Network, benefiting from decentralized deployment and the flexibility to move between different providers.

Together, these components form the foundation of Akashā€™s decentralized cloud ecosystem, offering costimirality, choice, and open-source principles.

Objective

Akash Network aims to provide decentralized cloud services at a fraction of the cost of existing legacy services. By leveraging containerization technology and the open-source Docker Engine, Akash ensures fast and cost-effective application deployment compared to centralized cloud computing alternatives. The platform also incentivizes providers to offer their idle infrastructure, leveraging the force of utilization from the current idle capacity of data centers.

Native Token

The native multi-utility token of the Akash Network is AKT. This token secures the network through a Delegated Proof-of-Stake (DPoS) consensus mechanism, where validators and delegators stake AKT to generate new blocks. In addition to this, AKT provides its holders with on-chain governance rights, making contributors active participants in the network's evolution.

Usage

Akash Network is designed to be accessible and adaptable, ensuring that the deployment process is simplified and cost-effective. The network uses Kubernetes, ensuring a secure and tested platform for hosting applications. Additionally, it supports limitless storage and dedicated IP leasing, providing flexibility and control over resources. The platform prioritizes user privacy and security by allowing for anonymous deployment of applications while undisclosed hosting and governance rights given to AKT holders.

2. Price

AKT

2.1. Market Performance

How does Akash Network's (AKT) performance compare to the median performance for assets of a similar market capitalization?

30 Day Return

34.7%

AKT

15.6%

Similar Market Cap

60 Day Return

29.2%

AKT

16.4%

Similar Market Cap

1 Year Return

224.3%

AKT

84.4%

Similar Market Cap

3. Developer Activity

We're monitoring 95 Akash Network GitHub repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in GitHub's stat processing, recent activity maybe underrepresented.

Weekly Commits (All Akash Network Repos)

Commits vs. The Market

  • Past 4 weeks: 13 commits vs. an average of 1
  • Past 12 weeks: 25 commits vs. an average of 8
  • Past year: 128 commits vs. an average of 104

Most Active Repos

Past week 25
Past 12 weeks 144
Past year 1126
Past week 0
Past 12 weeks 0
Past year 1097
Past week 0
Past 12 weeks 0
Past year 670
Past week 30
Past 12 weeks 128
Past year 610
Past week 11
Past 12 weeks 125
Past year 314

Top Developers 2024

In total, 652 developers have contributed to Akash Network over the past year. Who are the most active Akash Network developers, by commits, over the past year?

Related Projects

Developers working on Akash Network also worked on these projects.

4. Social Activity

Tip: Toggle each network by clicking the name above

Historic data is only available from 22nd April 2022

Total Followers

Reddit Subscribers 5,537
Active Reddit Users (past 24h) 6
Discord users 15,116
Active Discord Users 1,046
Telegram Users 12,169
Twitter followers 118,025
5. News
7. More Information

Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:

Website https://akash.network
Explorer https://akash.bigdipper.live
Twitter @akashnet_
reddit /r/akashnetwork
Forum https://akash.network/blog
Whitepaper https://akash-web-prod.s3.amazonaws.com/uploads/2020/03/akash-position.pdf

What is the correct contract address for Akash Network?

Akash uakt
Archway ibc/C2CFB1C37C146CF95B0784FD518F8030FEFC76C5800105B1742FB65FFE65F873

Has Akash Network been audited for security?

No security audits found for this project.

Are you the owner of Akash Network? Edit it here

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