AKT
$0.74

Akash Network (AKT) Price

$0.74
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Akash Network (AKT) Price Today

The live price of AKT is 0.74 USD. In the past 24 hours, the trading volume of AKT was 6,166,767.29 USD, down by -6.08%. The current price has decreased by -19.66% from its 7-day high of 0.93 USD, and increased by 11.15% from its 7-day low of 0.67 USD. With a circulating supply of 293,942,023.08 Akash Network, the market cap of AKT is currently 230,203,043.00 USD, down by 0% in the last 24 hours. AKT currently ranks #- by market capitalization among cryptocurrencies.

Akash Network (AKT) Market Data

Market Cap
$217.8M
24h Volume
$6.1M
Circulating Supply
292M AKT
Maximum Supply
388.5M AKT
Fully Diluted Market Cap
$219.2M
Liquidity Indicator
2.83%

About Akash Network (AKT)

How can I buy Akash Network (AKT)?

Buying Akash Network (AKT) on BingX is simple and secure. Create an account, deposit USDT or another supported asset, and purchase Akash Network (AKT) directly in the Spot Market. The tokens will then appear in your BingX Spot Wallet, ready for trading or transfer at anytime. Discover How to Buy AKT Guide for more information.

What Is Akash Network (AKT) and How Does It Work?


Akash Network (AKT) is a decentralized cloud computing platform that lets you buy and sell computing resources without relying on centralized providers. Built using the Cosmos SDK, it creates an open marketplace where developers can deploy applications, run workloads, and access GPU power at lower costs. The network is often described as a 'Supercloud,' offering a decentralized alternative to traditional services like Amazon Web Services.

Akash works through a peer-to-peer marketplace that matches users needing compute resources with providers offering unused capacity. It uses a reverse auction system, where providers compete to offer the lowest price for hosting workloads, helping you reduce infrastructure costs. Smart contracts handle deployment, payments, and uptime agreements, ensuring transparency and efficiency without intermediaries.

The network is secured by a Proof-of-Stake (PoS) consensus mechanism powered by the AKT token. You can stake AKT to help validate transactions, earn rewards, and participate in governance decisions. AKT is also used to pay for cloud services on the platform, creating a direct link between real-world compute demand and token utility.

When Did Akash Network Launch?


Akash Network was founded in 2018 by Greg Osuri and Adam Bozanich through Overclock Labs, with development beginning as early as 2014. After multiple testnets and years of research, the project launched its first mainnet in September 2020, followed by a major upgrade (Mainnet 2) in March 2021 that introduced its decentralized cloud marketplace. The launch marked the transition from a concept-stage decentralized cloud platform to a fully functional 'Supercloud' infrastructure powering real-world Web3 and AI workloads.

Akash Network Roadmap and Key Milestones


- 2014–2017: Early development and concept creation of decentralized cloud infrastructure

- 2018: Official founding of Akash Network by Overclock Labs

- 2019: Devnet and incentivized testnets launched

- Sept 2020: Mainnet 1 launch with staking and token generation

- March 2021: Mainnet 2 upgrade introducing marketplace functionality

- 2022–2023: Mainnet upgrades, including persistent storage and deployment tools

- 2024–2026: Expansion into GPU marketplace and AI compute infrastructure

What Is the AKT Token Utility?


The AKT token is the native utility asset of the Akash Network and plays a central role in securing and operating its decentralized cloud ecosystem. It is used for staking, where you delegate AKT to validators to help secure the network and earn rewards, and for governance, allowing token holders to vote on protocol upgrades and key parameters. AKT also functions as the primary payment currency within the marketplace, enabling users to pay for compute resources such as CPU and GPU workloads, while providers receive AKT as compensation.

In addition, AKT supports a burn-and-mint equilibrium (BME) model, where a portion of tokens used in transactions may be burned, helping balance supply with network usage over time. This ties the token’s value directly to real demand for decentralized cloud services and AI compute power, strengthening its long-term utility within the ecosystem.

You can trade AKT on BingX by accessing the Spot market, searching for the AKT/USDT trading pair, and placing a market or limit order based on your strategy. BingX offers a user-friendly interface, deep liquidity, and advanced tools like BingX AI to help you analyze trends and execute trades efficiently.

What Is Akash Network Tokenomics?


Akash Network has a maximum supply cap of 388,539,008 AKT and operates with a disinflationary emission schedule (inflation decreases over time based on staking ratio and halving-like mechanics). As of early May 2026, circulating supply is approximately 292–293 million AKT (around 75% of max supply), with total supply very close to circulating.

AKT Token Allocation


- 71% — Mining and Staking Rewards, distributed to validators and delegators securing the network

- 10% — Investors, early backers and funding rounds

- 8% — Team and Advisors, core contributors and project development

- 6% — Foundation, ecosystem support, grants, and long-term growth

- 5% — Ecosystem, Testnets and Community Incentives, developer adoption, testing programs, and partnerships

How to Earn AKT Tokens on Akash Network


You can earn AKT tokens on Akash Network through multiple on-chain and ecosystem-driven methods, all tied to its decentralized cloud marketplace and staking economy.

1. Stake AKT to Earn Passive Rewards: The most common way to earn AKT is by staking your tokens with validators on the network. Since Akash runs on a Proof-of-Stake system, you can delegate AKT to help secure the blockchain and earn regular staking rewards, typically paid in AKT. Rewards vary based on validator performance, network inflation, and total staked supply.

2. Provide Compute Resources - Become a Provider: If you have spare GPU or CPU capacity, you can join Akash as a cloud provider. You earn AKT by leasing your infrastructure to developers and businesses that need compute power for applications, AI workloads, or hosting services. This is one of the most direct ways to benefit from real demand on the network.

3. Deploy and Use the Network - Incentives and Savings: Developers and users who deploy applications on Akash may benefit from cost savings compared to traditional cloud providers, and in some cases, ecosystem incentives or grants. While not direct earnings, reduced costs and occasional rewards programs can improve overall returns.

4. Participate in Ecosystem Programs: Akash occasionally offers incentivized testnets, community campaigns, and grant programs. By contributing to development, testing, or community growth, you can earn AKT rewards or funding allocations.

5. Trade AKT on the Market: You can also earn from AKT by actively trading it based on market trends. On BingX, you can access AKT/USDT pairs, use advanced tools like BingX AI for insights, and apply strategies such as swing trading or long-term holding depending on market conditions.

 

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