Akash Network's price surge is largely attributed to its AI model, which has been gaining traction in recent times. The model, AkashML, was built by Overclock Labs and has shown impressive performance on OpenRouter. In just two months since its launch, it has reached an all-time high of 6.58 billion tokens processed.
The network's trading volume has seen a significant increase, with over 5 billion tokens being processed daily since the end of April. This trend is expected to continue, given the growing interest in AI-infused infrastructure in the crypto space. Akash Network's founder, Greg Osuri, highlighted the importance of abstracting away crypto rails, which has contributed to the network's growth.
The recent recognition by Forbes as one of the core AI infrastructures powering decentralized computing has further boosted the network's reputation and trading volume. The article highlights the key statistics, including a 17% price surge in 24 hours, 6.58 billion tokens processed, and a sharp increase in daily trading volume.
The network's capacity analysis shows that there are 61 active providers on the network, with computing power rising by almost 1% during the day. However, GPUs available have declined by 3.98%, reaching 217. Memory and storage were also down at the time of press.