Akash Network

Chimera

Time

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>Akash Network (AKT) surged by almost 20% today on CoinMarketCap.</li> 
 <li>Now, the AKT token is trading at $5.7.</li> 
</ul> 
<p>Akash Network (AKT) token recorded an impressive surge of almost 20% earlier today, hitting $5.77, according to data on <a href="https://coinmarketcap.com/currencies/akash-network/#Chart" rel="nofollow noopener" target="_blank">CoinMarketCap</a>.</p> 
<p>At the moment of writing this article, the AKT token is trading at $5.7, up by 18% on CoinMarketCap. The market cap of AKT is over $1.3 billion.</p> 
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<p>On their X account, the team behind the project posted the quarterly revenue growth for Akash Network. According to their notes, the $AKT ecosystem has been seeing significant growth, with a revenue of over $140k in Q1 2024.</p> 
<p>They note that increasing interest in DePIN coupled with a growing developer demand resulted in higher usage of the AKT token.</p> 
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"> 
 <p lang="en" dir="ltr">Quarterly Revenue Growth of <a href="https://twitter.com/akashnet_?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">@akashnet_</a>: a QoQ analysis</p> 
 <p><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f539.png" alt="🔹" class="wp-smiley" style="height: 1em; max-height: 1em;">The <a href="https://twitter.com/search?q=%24AKT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">$AKT</a> ecosystem has been growing significantly QoQ, with a revenue of over 140,000 USD in Q1 2024<br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f538.png" alt="🔸" class="wp-smiley" style="height: 1em; max-height: 1em;">Increasing interest in DePin, coupled with growing developer demand, results in higher usage of <a href="https://twitter.com/search?q=%24AKT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">$AKT</a> <a href="https://t.co/NP4KnFK22n" rel="nofollow" target="_blank">pic.twitter.com/NP4KnFK22n</a></p> 
 <p>— House of Chimera (@HouseofChimera) <a href="https://twitter.com/HouseofChimera/status/1788582371001819220?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">May 9, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>Also, on May 8, the Akash Network team shared details about Praetor, the easiest way to set up a provider on Akash.</p> 
<p>According to the <a href="https://praetorapp.com/" rel="nofollow noopener" target="_blank">official website</a>, Praetor App makes it simple to become an Akash Network cloud provider. Instead of utilizing the Command-line Interface, a streamlined UI can be used to become a provider.</p> 
<p>The team behind the project wrote that since joining forces with Overclock Labs back in April, the process of open-sourcing the entirety of Praetor is already well underway. This will reportedly make it possible for anyone to contribute to building the best provider setup.</p> 
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"> 
 <p lang="en" dir="ltr">Praetor is the easiest way to set up a provider on Akash.</p> 
 <p>Since joining forces with Overclock Labs last month, the process of open-sourcing the entirety of Praetor is already well underway.</p> 
 <p>This will make it possible for anyone to contribute to building the best provider setup… <a href="https://t.co/rWgGCdS6C5" rel="nofollow" target="_blank">pic.twitter.com/rWgGCdS6C5</a></p> 
 <p>— Akash Network (@akashnet_) <a href="https://twitter.com/akashnet_/status/1788207908641030484?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">May 8, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>On <a href="https://github.com/akash-network/community/blob/main/product-strategy/praetor-akash-provider-console-strategy.md" rel="nofollow noopener" target="_blank">Github</a>, the team revealed in-depth details about the Praetor App (Akash Provider Console) product strategy. According to the post, the Overclock and Praetor teams have been working closely to align on a product strategy and roadmap.</p> 
<p>The two main focuses detailed include the following:</p> 
<ul> 
 <li>Making PraetorApp part of a cohesive product experience</li> 
 <li>Building solutions to problems regarding boarding, monitoring, updating/upgrading, and troubleshooting Akash providers</li> 
</ul> 
<h2 id="what-is-akash-network-akt">What is Akash Network (AKT)?</h2> 
<p>Akash Network is a supercloud spearheading a paradigm shift in cloud computing. The project aims to disrupt conventional cloud services and pioneer a revolution in accessing essential cloud resources.</p> 
<p>Akash Network uses the power of blockchain technology, and it has developed an open-source, decentralized marketplace for cloud computing.</p> 
<p>They aim to provide high levels of speed, efficiency and affordability, with a main target of transforming the way in which users perceive and use cloud services.</p> 
<p>In April, the Upbit crypto exchange <a href="https://crypto.ro/en/news/akash-network-akt-sees-50-breakout-following-upbit-listing/">announced the listing</a> of the token AKT.</p>

Why Akash Network (AKT) Surged By 20% Today

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