Akash Network (AKT) Metrics
Akash Network Price Chart Live
Price Chart
Akash Network (AKT)
What is Akash Network?
Akash Network (AKT) is a decentralized cloud computing marketplace that operates as a cryptocurrency. The Akash Network token (AKT) is used for transactions within the platform, enabling users to buy and sell computing resources in a peer-to-peer manner. This blockchain project aims to provide a cost-effective and efficient alternative to traditional cloud services by allowing users to leverage underutilized computing power. Akash Network runs on the Cosmos blockchain, facilitating seamless interoperability and scalability within the decentralized ecosystem.
When and how did Akash Network start?
Akash Network (AKT) was launched in 2020 and is a decentralized cloud computing marketplace developed by a team led by Greg Osuri. The platform aims to provide a cost-effective and efficient alternative to traditional cloud services by allowing users to rent unused computing power. Akash Network gained significant attention with its initial listing on major exchanges and secured funding through notable rounds, including a $21 million investment from various venture capital firms. Its early development was marked by the release of the Akash mainnet in January 2021, further solidifying its position in the decentralized technology space.
What’s coming up for Akash Network?
Akash Network (AKT) is poised for significant growth as it continues to enhance its decentralized cloud computing platform. The upcoming roadmap includes the launch of Akash 2.0, which aims to improve user experience and expand its marketplace for cloud resources. Additionally, the community plans to implement new features such as enhanced security protocols and better integration with major blockchain ecosystems. These developments are expected to drive increased adoption and open new use cases, positioning Akash as a leading alternative to traditional cloud services. With a focus on scalability and community-driven goals, Akash Network is set to evolve as a vital player in the decentralized infrastructure landscape.
What makes Akash Network stand out?
Akash Network (AKT) is unique compared to other cryptocurrencies due to its decentralized cloud computing marketplace that connects users seeking computing power with providers offering excess capacity. Its standout technology leverages a unique bidding system that allows developers to deploy applications at significantly lower costs, making it a compelling real-world use case for businesses seeking efficient cloud solutions. Additionally, Akash operates on a proof-of-stake consensus mechanism, enhancing security and scalability within its ecosystem.
What can you do with Akash Network?
Akash Network (AKT) is primarily used for decentralized cloud computing, allowing users to rent out their unused computing resources. The AKT token serves as a utility token for payments within the network, enabling transactions for services rendered. Additionally, users can participate in governance and staking to earn rewards and influence the network's development.
Is Akash Network still active or relevant?
Akash Network (AKT) is currently active, with ongoing development and a dedicated community presence. It is still traded on various exchanges, reflecting sustained interest and engagement from users and developers alike. Recent updates indicate that the project is not inactive or abandoned, as it continues to evolve within the decentralized cloud computing space.
Who is Akash Network designed for?
Akash Network (AKT) is built for developers and businesses seeking decentralized cloud computing solutions. Its target audience includes those looking to leverage cost-effective and scalable infrastructure for deploying applications, making it ideal for tech startups, enterprises, and projects in need of flexible cloud resources. The platform is adopted by a community of innovators focused on enhancing the efficiency of cloud services through blockchain technology.
How is Akash Network secured?
Akash Network (AKT) secures its blockchain through a unique consensus mechanism known as Proof of Stake (PoS), where validators are responsible for validating transactions and maintaining network security. This setup allows for efficient and decentralized governance, as stakeholders can participate in the decision-making process, ensuring robust blockchain protection against malicious activities. By incentivizing validators with rewards, Akash enhances its network security and reliability.
Has Akash Network faced any controversy or risks?
Akash Network (AKT) has faced risks related to extreme volatility, typical in the cryptocurrency market, which can lead to significant price fluctuations for investors. Additionally, like many decentralized platforms, it is not immune to security incidents, raising concerns about potential hacks that could compromise user assets. While there have been no major legal issues reported, the evolving regulatory landscape poses ongoing challenges for its operational framework.
Akash Network (AKT) FAQ – Key Metrics & Market Insights
Where can I buy Akash Network (AKT)?
Akash Network (AKT) is widely available on centralized cryptocurrency exchanges. The most active platform is Binance Futures, where the AKT/USDT trading pair recorded a 24-hour volume of over $884 439.92. Other exchanges include Upbit and Coinbase.
What’s the current daily trading volume of Akash Network?
As of the last 24 hours, Akash Network's trading volume stands at $6,132,901.01 , showing a 40.31% decline compared to the previous day. This suggests a short-term reduction in trading activity.
What’s Akash Network’s price range history?
All-Time High (ATH): $10.35
All-Time Low (ATL): $0.152880
Akash Network is currently trading ~95.56% below its ATH
and has appreciated +200% from its ATL.
What’s Akash Network’s current market capitalization?
Akash Network’s market cap is approximately $130 179 865.00, ranking it #285 globally by market size. This figure is calculated based on its circulating supply of 283 512 876 AKT tokens.
How is Akash Network performing compared to the broader crypto market?
Over the past 7 days, Akash Network has declined by 11.38%, underperforming the overall crypto market which posted a 1.46% decline. This indicates a temporary lag in AKT's price action relative to the broader market momentum.
Trends Market Overview
#831
86.05%
#393
60.78%
#832
60.66%
#2036
54.58%
#839
40.93%
#2197
-32.96%
#1924
-31.08%
#2368
-26.84%
#1579
-26.66%
#1483
-25.43%
#1
-1.11%
#6608
no data
News All News

(15 hours ago), 2 min read

(19 hours ago), 2 min read

(19 hours ago), 2 min read

(1 day ago), 2 min read

(1 day ago), 2 min read

(1 day ago), 2 min read

(3 days ago), 2 min read

(3 days ago), 2 min read
Education All Education

(4 days ago), 12 min read

(9 days ago), 17 min read

(11 days ago), 13 min read

(15 days ago), 19 min read

(21 days ago), 12 min read

(21 days ago), 24 min read

(22 days ago), 8 min read

(23 days ago), 7 min read
Akash Network Basics
| Website | akash.network |
|---|---|
| Wallet | Coins Mobile App |
| Source code | github.com |
|---|---|
| Asset type | Token |
| Contract Address |
| Explorers (3) | etherscan.io mintscan.io polygonscan.com |
|---|
| Tags |
|
|---|
| akashnw | |
| reddit.com |
Similar Coins
Popular Coins
Popular Calculators
Akash Network Exchanges
Akash Network Markets
What is Market depth?
Market depth is a metric, which is showing the real liquidity of the markets. Due to rampant wash-trading and fake activity - volume currently isn't the most reliable indicator in the crypto space.
What is it measuring?
It's measuring 1% or 10% section of the order book from the midpoint price (1%/10% of the buy orders, and 1%/10% of the sell orders).


Why it is important to use only 1% or 10%?
It's important, because measurement of the whole order book is going to give false results due to extreme values, which can make false illusion of liquidity for a given market.
How to use it?
By default Market depth is showing the most liquid markets sorted by Combined Orders (which is a sum of buy and sell orders). This way it provides the most interesting information already. Left (green) side of the market depth bar is showing how many buy orders are open, and right (red) side of the bar is showing how many sell orders are open (both can be recalculated to BTC, ETH or any fiat we have available on the site).


Confidence
Due to rampant malicious practices in the crypto exchanges environment, we have introduced in 2019 and 2020 new ways of evaluating exchanges and one of them is - Confidence. Because it's a new metric - it's essential to know how it works.
Confidence is weighted based on 3 principles:
Based on the liquidity from order books (75%) - including overall liquidity and market depth/volume ratio, volumes included, if exchange is low volume (below 2M USD volume 24h)
Based on web traffic (20%) - using Alexa rank as a main indicator of site popularity
Based on regulation (5%) - researching and evaluating licensing for exchange - by respective institutions
Adding all of these subscores give overall main result - Confidence
Confidence is mainly based on liquidity, because it's the most important aspect of cryptocurrency exchanges. Without liquidity there is no trading, illiquid markets tend to collapse in the long term. Besides liquidity - there is also an additional factor in calculation of score - market depth/volume ratio. If volume is huge (especially when it’s growing much faster than liquidity), and market depth seems to not keep pace with - it's reducing overall score. Exchanges that keep market makers liquidity with expanding volume are those that keep all ratios in-tact and have overall score above 75-80% (it means that they have all liquidity ratios above minimum requirements, high web traffic participation, and are often regulated).
Other coins worth interest - similar to Akash Network
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 43 | BitTensor TAO | $2 772 592 225 | $288.89 | $168 745 247 | 9,597,491 | |||
| 49 | Near Protocol NEAR | $2 131 592 709 | $1.80 | $179 748 082 | 1,185,165,436 | |||
| 89 | Render RENDER | $876 267 777 | $1.69 | $21 694 399 | 517,690,747 | |||
| 95 | Story IP | $773 696 108 | $2.33 | $29 933 500 | 331,779,973 | |||
| 104 | Artificial Superintelligence Alliance FET | $647 811 471 | $0.248208 | $61 017 434 | 2,609,959,126 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 41 | Aave AAVE | $2 897 152 135 | $192.21 | $202 619 804 | 15,073,211 | |||
| 184 | OriginTrail TRAC | $284 931 429 | $0.569869 | $7 344 355 | 499,995,033 | |||
| 295 | Arkham ARKM | $124 389 246 | $0.233648 | $12 807 739 | 532,379,944 | |||
| 326 | Baby Doge Coin 1MBABYDOGE | $109 055 016 | $0.000712 | $1 638 341 | 153,210,000,000 | |||
| 352 | Blur BLUR | $94 950 239 | $0.036094 | $6 421 432 | 2,630,659,198 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 3 | Tether USDT | $177 489 088 486 | $1.000388 | $70 167 723 325 | 177,420,277,588 | |||
| 6 | USDC USDC | $78 054 281 240 | $1.000103 | $12 062 146 193 | 78,046,260,293 | |||
| 12 | Wrapped Liquid Staked Ether 2.0 WSTETH | $13 792 051 410 | $3 878.82 | $54 689 391 | 3,555,731 | |||
| 13 | Wrapped Bitcoin WBTC | $12 097 449 199 | $92 221.63 | $318 856 268 | 131,178 | |||
| 14 | WETH WETH | $11 962 861 835 | $3 176.63 | $834 837 950 | 3,765,896 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 43 | BitTensor TAO | $2 772 592 225 | $288.89 | $168 745 247 | 9,597,491 | |||
| 164 | THETA THETA | $342 244 130 | $0.342244 | $13 149 251 | 1,000,000,000 | |||
| 184 | OriginTrail TRAC | $284 931 429 | $0.569869 | $7 344 355 | 499,995,033 | |||
| 211 | Golem GLM | $227 075 101 | $0.227075 | $4 095 109 | 1,000,000,000 | |||
| 262 | Theta Fuel TFUEL | $152 578 341 | $0.021335 | $693 357 | 7,151,607,996 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 89 | Render RENDER | $876 267 777 | $1.69 | $21 694 399 | 517,690,747 | |||
| 104 | Artificial Superintelligence Alliance FET | $647 811 471 | $0.248208 | $61 017 434 | 2,609,959,126 | |||
| 130 | The Graph GRT | $458 635 255 | $0.048032 | $20 315 730 | 9,548,531,509 | |||
| 164 | THETA THETA | $342 244 130 | $0.342244 | $13 149 251 | 1,000,000,000 | |||
| 184 | OriginTrail TRAC | $284 931 429 | $0.569869 | $7 344 355 | 499,995,033 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 79 | Filecoin FIL | $1 122 588 692 | $1.55 | $110 895 733 | 722,845,427 | |||
| 89 | Render RENDER | $876 267 777 | $1.69 | $21 694 399 | 517,690,747 | |||
| 130 | The Graph GRT | $458 635 255 | $0.048032 | $20 315 730 | 9,548,531,509 | |||
| 146 | BitTorrent BTT | $401 589 154 | $0.000000 | $20 590 484 | 986,061,142,857,000 | |||
| 155 | IOTA IOTA | $371 915 371 | $0.101880 | $9 151 565 | 3,650,535,129 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 4 | XRP XRP | $126 536 900 409 | $2.10 | $3 043 188 468 | 60,331,635,327 | |||
| 6 | USDC USDC | $78 054 281 240 | $1.000103 | $12 062 146 193 | 78,046,260,293 | |||
| 7 | Solana SOL | $77 829 556 493 | $139.01 | $3 971 543 529 | 559,896,469 | |||
| 10 | Dogecoin DOGE | $22 031 920 006 | $0.147719 | $1 124 839 957 | 149,147,696,384 | |||
| 11 | Cardano ADA | $16 887 239 625 | $0.441268 | $569 605 263 | 38,269,816,573 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 3 | Tether USDT | $177 489 088 486 | $1.000388 | $70 167 723 325 | 177,420,277,588 | |||
| 6 | USDC USDC | $78 054 281 240 | $1.000103 | $12 062 146 193 | 78,046,260,293 | |||
| 8 | Lido Staked Ether STETH | $31 112 938 976 | $3 176.61 | $44 492 013 | 9,794,399 | |||
| 12 | Wrapped Liquid Staked Ether 2.0 WSTETH | $13 792 051 410 | $3 878.82 | $54 689 391 | 3,555,731 | |||
| 13 | Wrapped Bitcoin WBTC | $12 097 449 199 | $92 221.63 | $318 856 268 | 131,178 |
What is Market depth?
Market depth is a metric, which is showing the real liquidity of the markets. Due to rampant wash-trading and fake activity - volume currently isn't the most reliable indicator in the crypto space.
What is it measuring?
It's measuring 1% or 10% section of the order book from the midpoint price (1%/10% of the buy orders, and 1%/10% of the sell orders).


Why it is important to use only 1% or 10%?
It's important, because measurement of the whole order book is going to give false results due to extreme values, which can make false illusion of liquidity for a given market.
What is showing Historical Market Depth?
Historical Market Depth is showing the history of liquidity from the markets for a given asset. It’s a measure of combined liquidity from all integrated markets on the coinpaprika’s market depth module.
Akash Network


