Akash Network
AKT Rank #193Price chart
What is Akash Network?
Origins and marketplace
Greg Osuri and Adam Bozanich began building Akash in 2016. Its first mainnet launched on September 25, 2020. Tenants publish deployment requirements, and independent providers bid to supply the requested resources. An accepted bid creates a lease recorded on the blockchain. Providers run the actual applications on their own container infrastructure, including Kubernetes deployments.
Chain and native token
The Akash blockchain uses Cosmos SDK and Tendermint-based proof-of-stake consensus. Validators secure the ledger, and AKT holders can delegate to them. AKT also pays blockchain transaction fees and supports governance votes. The ledger tracks deployment orders, provider bids, leases and payments. Compute workloads run outside the blockchain rather than being executed by its validators.
Compute payments and issuance
Burn-Mint Equilibrium became active on mainnet in March 2026. Tenants burn AKT to obtain ACT, a non-transferable compute credit denominated in dollars. Providers receive AKT through the reverse settlement process using the applicable oracle conversion rate. Supply therefore responds to staking issuance and burn-mint conversions rather than a fixed one-for-one token exchange. Circuit breakers can restrict new ACT minting when the mechanism's collateral conditions deteriorate.
Where to trade AKT
18 exchanges · top 10
Live spot quotes from connected exchanges
AKT funding rates
Live perpetual funding on every connected exchange. Positive = longs pay shorts.
Contracts & chains
Exact contract or mint per network — the identity layer used for DEX routing.
On-chain routes
Networks with a connected DEX routing adapter.