Akash Network
AKT#141| 1h | 24h | 7d | 30d | 1y |
|---|---|---|---|---|
| -0.48% | -2.20% | +2.55% | -18.07% | -61.26% |
About Akash Network
Akash Network Price History
Akash Network (AKT) reached its all-time high of $8.07 on April 6, 2021, and trades 93.8% below that peak today. Its all-time low was $0.164994 on November 21, 2022, and the price has since risen 201% from that low.
| Year | Open | High | Low | Close | Change |
|---|---|---|---|---|---|
| 2026(YTD) | $0.353726 | $0.942736 | $0.278256 | $0.498326 | +40.88% |
| 2025 | $2.872 | $3.849 | $0.355239 | $0.371711 | -87.06% |
| 2024 | $2.397 | $6.196 | $2.10 | $2.794 | +16.56% |
| 2023 | $0.1979 | $2.55 | $0.1979 | $2.446 | +1135.98% |
| 2022 | $0.2259 | $0.4406 | $0.1802 | $0.1858 | -17.75% |
Analysis
No analysis available for Akash Network yet.
Akash Network News
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Akash Network FAQ
What is Akash Network?
Akash Network (AKT) is a decentralized cloud computing marketplace built on the Cosmos blockchain. It allows users to buy cloud resources from a network of providers who offer spare compute capacity, aiming to reduce costs and increase accessibility compared to traditional centralized cloud services. It uses a proof-of-stake consensus mechanism.
How does Akash Network work?
Akash Network uses a blockchain based on the Cosmos SDK and Tendermint consensus. Users deploy applications via Akash's deployment platform, and providers bid on these deployments. A reverse auction mechanism helps determine pricing. Smart contracts manage orders, leases, and settlements. The network enables trading of compute resources without a trusted third party.
What is AKT token used for?
AKT is the native utility token of Akash Network. It is used for staking to secure the network, participating in governance decisions, and paying for compute services on the marketplace. AKT also serves as a medium of exchange between users and providers, with transaction fees and settlement of leases occurring in AKT.
How does Akash Network differ from traditional cloud providers?
Unlike centralized providers like AWS or Google Cloud, Akash Network is decentralized and community-operated. It connects users directly with independent providers, using a blockchain-based marketplace to establish prices competitively. This structure can offer lower costs and greater censorship resistance. Akash also leverages unused compute capacity, making it a more efficient and open alternative.
What is Akash Network (AKT)?
Akash Network (AKT) is a cryptocurrency . Akash Network has a current supply of 296,632,487. 605178.
What is the current price of Akash Network?
Akash Network is currently priced at $0.4972, down 2.20% in the last 24 hours. It is ranked #141 by market capitalization. Over the past 7 days, AKT is up 2.55%.
What is Akash Network's market cap?
Akash Network has a market capitalization of $147.48M. The 24-hour trading volume is $3.08M, reflecting the total value of AKT traded across all exchanges in the last day.
