Skip to content
Crypto Almanac Daily

Akash Network

AKTRank #189
$0.5676+11.30%
Market cap
$168.67M
24h volume
$6.39M
24h high
$0.5722
24h low
$0.5092
Circulating supply
296,983,884 AKT
All-time high
$8.07
All-time low
$0.165
Max supply
388,539,008
Chart

Akash Network price chart

Loading chart…
Quick convert

AKT to USD

1 AKT = $0.57 · rate updated at load

Liquidity

Where to buy Akash Network

HTXAKT/USDTTrade
ParibuAKT/TRYTrade
UpbitAKT/KRWTrade
Coinbase ExchangeAKT/USDTrade
GateAKT/USDTTrade
KuCoinAKT/USDTTrade
KrakenAKT/EURTrade
KrakenAKT/USDTrade
BitvavoAKT/EURTrade
BingXAKT/USDTTrade
Overview

About Akash Network

Akash is a compute marketplace where you specify what you need to run and providers bid to host it, with the price falling as they compete. It is a reverse auction for cloud capacity — the opposite of published rate cards, and the mechanism is the product.

Reverse auction inverts cloud pricing

Conventional cloud providers publish rates and you accept them. On Akash you post a workload and providers compete downward. For standardised container workloads with no vendor lock-in, that competition reliably produces lower prices than list rates, because the underlying capacity is genuinely fungible.

Containers make workloads portable

Because deployments are standard containers, moving between providers is straightforward and the switching costs that anchor cloud pricing largely disappear. Portability is what makes the auction work — without it, providers would compete on price and win on lock-in.

What you give up

Managed databases, object storage, identity services and the surrounding ecosystem that make major clouds convenient are absent. Akash supplies compute; everything else is your responsibility. For teams whose architecture depends on managed services, that gap is larger than the price saving.

Provider quality varies

Capacity comes from independent operators with differing hardware, connectivity and reliability. Selecting providers is part of using the network rather than an abstraction it hides, and evaluating them is work a cloud customer does not normally do.

What AKT does

AKT settles payments between tenants and providers, secures the Cosmos-based chain through staking, and is used in governance. Demand relates to compute actually leased on the network.

Reference

Technical data

ConsensusProof of Stake (Cosmos SDK)
Max supply388,539,008 AKT
Reference

Frequently asked

How does Akash pricing work?

Tenants post a workload and providers bid to host it, with price falling as they compete — a reverse auction rather than a published rate card.

What is missing compared with a major cloud provider?

Managed databases, object storage, identity services and the wider ecosystem. Akash provides compute; the rest is the tenant's responsibility.

What secures the Akash network?

AKT staking on its Cosmos-based chain, with the token also settling payments between tenants and providers.