The AI narrative is slowly taking over the crypto space, improving speeds and volume traded. Akash Network is the latest to benefit from the AI infrastructure, with its price surging 17% in 24 hours.
Akash’s AI model built by Overclock Labs was crushing other LLMs on OpenRouter. Here is how the model increased the trading activity on the network.
Akash Network’s AI model increases daily token volume
As per data from OpenRouter, AkashML reached a new all-time high of 6.58 billion tokens processed in the last 24 hours. The team achieved this milestone in less than two months after launching the product.
Worth noting, processing over 5 billion tokens per day has become the norm since toward the end of April. April alone processed almost 120 billion tokens.
The founder of Akash Network, Greg Osuri, echoed this incredible milestone. Some users were using $AKT to host on the network without being aware of it. Greg wrote on X,
Its incredible what you can achieve by abstracting away crypto rails.
In addition to Greg Osuri’s backing, Forbes also supported the initiative. Forbes named Akash Network alongside Render Network [RENDER] and Bittensor [TAO] as the core AI infrastructures powering decentralized computing.
Forbes called them the layers that would eliminate the need for centralized cloud providers entirely.
As such, token trading volume on the network surged immensely and continues to do so.
Network capacity analysis
The network capacity showed that there were 61 active providers, with computing power rising by almost a percent during the day. Over 11.12K CPUs were at work.
On the contrary, GPUs available had declined by 3.98%, reaching 217. Memory and storage were also down at the time of press.
$AKT bulls eyeing $1 target
On the charts, $AKT broke out of a monthly consolidation in May following a flat moving average. The price of the altcoin rose above the 100 EMA and confirmed with a retest around the $0.60 zone.
After ranging between $0.60 and $0.65 for five days, the altcoin sprung out to a 2026 high of about $0.79. This suggested that $AKT could head toward $1 as bulls’ momentum rose, as seen in the MACD bars.
However, the bulls were facing a test as $AKT showed signs of pausing between $0.75 and $0.80. If bulls keep buying the altcoin, the $1 target may be viable. Otherwise, $AKT may correct, as assets tend to do after such rallies.
Final Summary
- Akash Network rallies 17% after increased daily trading volume powered by its AI model.
- $AKT bulls were eyeing the $1 price mark, which they could achieve only if they maintained current buying and trading activities.
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