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Solberg (SGB)

Recon Reports (Recon Phase)

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RECON SUMMARY

AKASH NETWORK (AKT)

Decentralized cloud compute for the AI era.

RECON STATUS

YELLOW ZONE

THREAT LEVEL

Low

RECON PHASE

RESEARCH

ANALYST CONFIDENCE

★★★★☆

QUICK INTEL

Token

Akash Network

Ticker

AKT

Blockchain

Akash (Cosmos L1)

Sector

DePIN / AI Compute

Launch Date

September 25, 2020

Market Cap

$168.75M

Holders

~1,148,112

audit

Open source (Cosmos SDK / CometBFT)

Website

akash.network

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THE RISK METER

24%
LOW RISK

Disclaimer

This report is for informational and educational purposes only and does not constitute financial advice. Crypto investments carry significant risks. Always do your own research.

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RECON FRAMEWORK: INFORMATION & ANALYSIS

R
Research
Gather fundamental intelligence.
Project Overview

Akash Network is a decentralized cloud-compute marketplace built as its own Cosmos-SDK layer-1. Providers list spare CPU and GPU capacity and users deploy containers through a reverse-auction market that settles in AKT and USDC. Pitched as the Supercloud, a permissionless alternative to AWS, GCP and Azure, it is a leading DePIN network by real usage, with strong traction in AI and GPU compute. AKT is used for gas, staking, governance, and settlement, with take fees accruing value under AKT2.

Narrative: DePIN + AI Compute (Decentralized Cloud) Ecosystem Role: Leading DePIN cloud-compute marketplace (the Supercloud) for GPU and CPU
Team Intelligence
Fully public team: Overclock Labs, founded 2015
CEO: Greg Osuri, co-founder (public, frequent speaker)
CTO: Adam Bozanich, co-founder
Backers: Infinite Capital (+1); $2.80M raised in 2020
No material red flags; doxxed team with a multi-year track record
Sustainability: Fully public and verifiable (Overclock Labs, founded 2015); led by Greg Osuri (CEO) and Adam Bozanich (CTO).
Social Presence
X @akashnet : ~129,000 followers
Telegram: ~8,555 members
Discord: ~24,372 (Akash Network Devs)
GitHub: 69 repos, node repo 1,101 stars
Reddit: r/akashnetwork (secondary channel)
E
Evaluate
Access quality and sustainability.
Utility Analysis
Secures the chain via proof-of-stake
Pays transaction / gas fees
On-chain governance
Settlement & collateral in the compute marketplace
Take fees accrue value under AKT2
Utility: Strong. AKT is a genuine work token: staking, gas, governance, and settlement/collateral in the compute marketplace, with take fees linking value to real demand.
Tokenomics Overview
Max Supply: 388,539,008 AKT (capped)
Circulating: 292,078,878 AKT (~75% of max)
Inflation Rate: 4.0% (band 3-4%, target 67% bonded)
Staking APY: ~4.04%
Revenue Model: Protocol take fees on compute leases (AKT & USDC), under AKT2
Price Evaluate: $0.5775 (FDV $170.77M, ~1.01x market cap; near fully diluted)
Sustainability: Strong: nearly fully diluted, low inflation, real fee-linked utility
Liquidity Overview
Total Liquidity: Deep CEX liquidity (~39 markets); on-chain Osmosis ~$650K
Locked: Not applicable (native chain; no LP lock)
Lock Duration: Not applicable
LP Ownership: Not applicable
Top Pool: Osmosis AKT/OSMO ~$210K liquidity (IBC)
Liquidity Health: Good (7.0/10); volume/market cap ~3.1%
C
Check
Identify risks and security concerns.
Smart Contract Check
Mint Function: None admin-controlled (protocol inflation only)
Blacklist Function: None (no token-contract owner keys)
Trading Restrictions: None
Honeypot Risk: None (native chain, not a contract)
Proxy Contract: Not applicable (native Cosmos chain)
Ownership Renounced: On-chain governance by AKT stakers (no admin key)
Contract addresses: Not applicable (Cosmos native; denom uakt)
Contract List: Not applicable (native staking/gas token)
Audit Status
Open Source
Pass
Fully open source (github.com/akash-network, 69 repos)
Base Stack
Audited
Built on the widely reviewed Cosmos SDK & CometBFT
Exploit History
Clean
Mainnet live since 2020, no notable exploit
Third-Party Audit
Not Published
No named third-party audit; verify in Akash security docs
Audit Risk: Low to Moderate (transparent, battle-tested stack)
Holder Distribution
Top To Holders: 58.69% (top 10 validators, of staked)
Top 50 Holders: 95.67% (top 50 validators, of staked)
Top 100 Holders: 100% (all 85 validators)
Whale Concentration: Nakamoto coefficient 5
Distribution Score: Moderate
Top holder Identity:kava_labs, the largest validator at 11.26% of bonded stake, a professional validator rather than an insider wallet
Exchange and insider note: No anonymous insider cluster; issuance is protocol inflation. Largest holdings are the staking module, transparent validators, and exchange custody. Bonded ratio 29.70%.
Security Score: 7.5 / 10
Distribution: 85 validators secure the chain above a broad base of ~1,148,112 accounts. Concentration is measured by staking (validator voting power), not a token richlist.
O
Observe
Monitor behavior and momentum.
Market Behavior
Trend: Downtrend within a multi-year base; consolidating above the all-time low
Volatility: Moderate Moderate to High
24H Volume: $12M $5.24M
Price Action: ~92.8% below ATH; down ~45% over the past year
Support Level: $0.57 (recent floor), then $0.43 (90-day low)
All-time high: $8.07 (April 6, 2021)
All-time low: $0.16 (November 21, 2022)
Resistance level: $0.88 (30-day high), then $0.94 (90-day high)
Momentum: Weak
Community Sentiment
91%
91% Bullish (CoinMarketCap, 47,200 votes)
SENTIMENT: Strong
Upcoming Catalysts
  • Growth in AI & GPU compute demand (124 of 257 GPUs leased)
  • New provider onboarding & high-end GPU supply (H100, H200, B200, B300)
  • Continuous protocol & console development
  • Deeper staking participation raising the security budget
  • Take-fee revenue growth under AKT2

RECON SUMMARY (PHASE COMPLETED)

INFORMATIVE QUALITY

High

risk level

overall recon status

next phase

Proceed to strategic analysis and decision framework.
Decide

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