Akash NetworkAKT

The coin of Akash, a decentralized marketplace for cloud and GPU computing, now voting to move to Solana.

Rank #178Since September 2020

Price on 31 Oct 2026

C$0.8799 +41.2% since 31 Jul 2026 · 91.3% below its all-time high

The short version

Akash Network is an open marketplace where tenants rent cloud and GPU capacity from independent providers, with founder Greg Osuri leading the core team. Since 23 Mar 2026 tenants burn AKT to mint dollar-pegged compute credits (Burn Mint Equilibrium). Proposal 346, voting 26 Oct to 2 Nov 2026, asks stakers to relaunch AKT on Solana as an SPL token with a two-year one-way portal; about 97% of votes were yes. On 31 Oct 2026 one AKT cost C$0.8799. From 31 Jul 2026 to 31 Oct 2026 its price changed +41.2% in Canadian dollars, and it was 91.3% below its all-time high of C$10.15 set on 6 Apr 2021.^[1]

Facts checked 2 Nov 2026 · 15 sources · next update about 1 Dec 2026

Price, past year

Past year: high C$1.28 (26 May 2026) · low C$0.3793 (6 Feb 2026) · -11.9%^[1]

Month-end prices (table)

Date	C$	US$
31 Oct 2026	C$0.8788	US$0.6295
30 Sep 2026	C$0.9174	US$0.6444
31 Aug 2026	C$0.6996	US$0.5045
31 Jul 2026	C$0.6226	US$0.4438
30 Jun 2026	C$0.8875	US$0.6245
31 May 2026	C$1.08	US$0.7828
30 Apr 2026	C$0.7049	US$0.5174
31 Mar 2026	C$0.6885	US$0.4939
28 Feb 2026	C$0.4198	US$0.3077
31 Jan 2026	C$0.5600	US$0.4129
31 Dec 2025	C$0.5087	US$0.3711
30 Nov 2025	C$0.6921	US$0.4951

Daily prices from CoinGecko; C$ converted at the Bank of Canada daily rate. The latest point is live when available. Past prices, not a forecast.

Choose what to see

Key facts

Price, 31 Oct 2026: C$0.8799^[1]
3-month change: +41.2% in C$ (31 Jul 2026 to 31 Oct 2026)^[1]
From its high: 91.3% below its high of C$10.15 (6 Apr 2021)^[1]
Market rank: #178, market value about C$263.4M^[1]
Kind: Native coin · Akash (its own Cosmos chain); a move to Solana as an SPL token is under vote
Started: September 2020

Checks: the same 9 questions for every coin

Facts, not a rating

Can an admin key create new coins?NoNew AKT come from protocol inflation and BME re-minting to pay providers; no admin mint^{[2, 3]}

Can anyone freeze or take coins from holders?NoNo freeze function on the Cosmos chain; changes need a passed proposal^[4]

Can the token's contract code be changed?Not applicableRuns on its own blockchain; its rules change only through network upgrades

Is the supply capped?Yes388.54M maximum in the issuance schedule; BME re-mints only what tenants burned^{[5, 3]}

Any scheduled unlocks in the next 12 months?NoNo vesting schedule published; new AKT come from inflation^[2]

Does a team or foundation hold over 10% of supply?Not disclosedNo current team holdings published; the community pool holds 1.4%^[6]

Do network fees reach coin holders?NoUnder BME (23 Mar 2026) providers are paid without take rates; stakers earn inflation, not fees^[3]

Main network hacked or halted in the past 2 years?NoNo exploit or halt of the Akash chain in the DefiLlama hacks list since Nov 2024^[7]

Is a regulator or court case targeting the coin itself?NoNo regulator or court action naming Akash found^[8]

Each answer is a fact with a source, not a score. What each check means.

Who controls it

Run by: AKT stakers govern by on-chain proposals; founder Greg Osuri leads the core team that maintains the software^{[8, 4]}
Validators: About 100 validators; 88.6M AKT bonded (29.6% of supply) on 2 Nov 2026^{[4, 9]}
Admin key: None; parameters change only by passed proposals^[4]
Community pool: 4.21M AKT (1.4% of supply) on 2 Nov 2026^[6]

Supply

In circulation: 299.35M AKT of a 388.54M maximum (77.0%)^[1]
Maximum: 388.54M; 299.43M issued on 2 Nov 2026^{[5, 10]}
Issuance: Mint-module inflation parameter of 4.0% a year on 2 Nov 2026, paid to stakers^[2]
Burns: Since 23 Mar 2026 tenants burn AKT to mint ACT credits; AKT is re-minted to pay providers; net burn when AKT rises^[3]
Unlocks: None published; new AKT come from inflation^[2]

Use and fees

Main use: Payment for compute leases through ACT credits, staking and governance^{[3, 11]}
Network fees: US$2.05M in the past year^[12]
Providers: Paid in re-minted AKT without take rates under BME^[3]

Trading

Daily trading: About C$8.0M a day on average, 31 Jul 2026 to 31 Oct 2026^[1]
Daily turnover: Typically 2.76% of its market value changes hands each day^[1]
20-week average: 4.5% above its 20-week average price^[1]
1-year change: -14.1% in C$^[1]^[13]

History

Not a forecast

Coins ranked 51-200 at this point in past cycles (12-14 months after a Bitcoin peak), one year later: 4,050 cases, 612 coins

39% were higher a year later^[14]

Typical result: Median -25% after a year; 45% higher after two years
Lost half or more: 38% within a year
Against Bitcoin: 12% did better than Bitcoin over the year

History, not a forecast.

Red flags and things to watch

No red flags found

Proposal 346 (26 Oct to 2 Nov 2026) would relaunch AKT as a Solana SPL token after audits, with a two-year one-way portal; moving the marketplace needs a separate vote.^[4]
About 97% of votes cast were yes by 2 Nov 2026 (59.2M yes, 0.8M no, 0.9M abstain); turnout passed the 33.4% quorum.^{[15, 8]}
Mainnet 18 (11 Jun 2026) added Oracle v2 and resource reclamation; Mainnet 17 activated BME on 23 Mar 2026.^{[8, 3]}

Checked: admin keys, contract upgrades, unlocks, insider supply, hacks, legal actions and claims against records.

Sources and dates

Facts as of 31 Oct 2026. Prices from CoinGecko in Canadian and US dollars; US$ figures without a C$ price are converted at 1.3976 C$ per US$.