$AKT (Akash Network) is doing something
quietly impressive right now.
While most altcoins are bleeding —
AKT is up +72% year-to-date.
Why the market is finally noticing:
→ Token jumped 12% on cloud demand spike (May 12)
→ 17% rally on record AI model token processing
→ Founder Greg Osuri speaking at Economist's
AI Compute Summit in Amsterdam (May 19)
→ Sits at the intersection of AI + DePIN
(the two hottest narratives in crypto)
What's coming on the roadmap:
📌 AEP-48 upgrade — secure tenant networking
📌 Reserved Instances + Preemptible pricing
(cloud-style enterprise pricing — Aug 30)
📌 Strategic blockchain migration ahead
Stats today:
📌 Price: ~$0.82–$0.89
📌 ATH: $8.08 (April 2021) → ~90% below
📌 Market cap: ~$260M (still small)
📌 Decentralized GPU cloud for AI compute
The AI economy needs GPU compute.
AKT sells it cheaper than AWS.
The thesis is simple. The market is waking up.
NFA — but the setup is real.
$AKT #Akash #AICrypto
Now $AKT. Same exercise, entirely different transparency
A $238M market cap with a $7k/day baseline that is 100% public.
And that $7k/day is just the structural floor, imo. Given the demand drivers, it's a launchpad for a massive future multiple of this number.
The live on-chain snapshot right now:
- 547 active tenants (visible by wallet + spend)
- H100 clusters at 100% utilization (completely sold out)
- Every dollar of demand mapped straight to the open-weights models driving this surge (DeepSeek, Qwen, Llama)
As in investor, I know that:
$238M Market Cap / $2.5M Annualized Baseline = a 93x multiple with real demand
Said otherwise, $AKT is 5x cheaper, fully auditable, scaling on real demand. No Foundation database. No "trust us." Just the chain.@akashnet
Correction from earlier in the thread: Render’s market cap is actually $1.05B, meaning it’s trading at a 525x multiple on its discretionary Foundation buybacks.
AKT is over 5x cheaper, completely transparent, and actively scaling on real compute demand. No Foundation database. No "trust us." Just the chain.
@gregosuri@rendernetwork@akashalpha_@akashnetAI
$DEPIN
Half a million $AKT burned to mint ACT. 🤯
This shows something important:
People are actively using @akashnet compute enough that the protocol has already needed to burn 500K+ AKT just to create compute credits.
Not speculation.
Not hype.
Actual compute demand interacting with the token economy.
#DePIN #Ai #GPU $AKT #web3 #DeAI
Spot on and well said! I keep seeing people talk about lowering Ethereum's inflation to make it "sustainable". How is 0.8% not sustainable? It's already well below BTC, lower than gold and silver, lower than every fiat currency in the world. And even then it works, and phenomenally well.
Trying to micro-engineer one of Ethereum's most important safety mechanisms to fix a non-issue is absolutely not what should be happening.
Aave DAO is proposing to contribute 25 000 ETH for DeFi United efforts to back rsETH. This is a significant contribution to close the funding gap and restore the markets.
DeFi United.
@StaniKulechov@0xKolten Could you clear up situation with Umbrella reserve and AAVE reserve that should be used and slashed for such kind of events? Will these reserves be involved?
From 2008-2024 I was accused of hyping (a common slur) for suggesting that changes to the epigenome might cause aging and "allow us to reset the epigenome to a more youthful state."
- Oberdoerffer & Sinclair (2009)
Success has many fathers, while failure is an orphan
Instead of calling for donations:
1) Build a deposit Vault call it "Defi United Eth"
2) Wire Aave wETH revenue to vault capped at 5% APR,
3) Make vault deposit token tradable call it "AaveETH"
4) slowly repay interest + principal
Let people deposit, max vault capacity is the total worst case scenario hole.
I'm pretty sure they would have collected more than needed last saturday
Aave has plenty of revenue, Aave DAO and Labs are sitting on 9 figures of treasury each and would have figured it out eventually,
Panic avoided, back to work.
Would have deposited most of my ETH in it, why not?
@StaniKulechov Industry needs to have something like ChainLink for security incidents alarms spreading. Every defi project should be connected to it to stop the fire early. It is not hard to build it up.
Aave is my life's work and we're working nonstop to find the best possible outcome for users.
I’m personally contributing 5000 ETH to DeFi United as we continue working together with partners on formalizing more commitments. I’m working to see this resolved and market conditions normalized as soon as possible.
DeFi United.