🚀 Akash Network Reports Significant Growth In User Fees And Application Deployments

According to Odaily, Akash Network announced on X that its user fees in Q3 2024 saw a year-over-year increase of 1729% and a quarter-over-quarter rise of 72.5%. The number of leases (application deployments) created on Akash during this quarter grew by 138% compared to the same period last year. Additionally, the average fee per lease surged by 688%, indicating a robust increase in both the quality and quantity of application deployments.

Despite a 41% decline in the number of leases created compared to Q2 2024, the average fee per lease rose from $6.42 to $18.75, marking a 192% increase. This suggests that the deployments were longer and incurred higher costs.

#AkashNetwork #UserFees #ApplicationDeployments #Growth #Q32024 #Leases #Increase #Blockchain #Crypto

🚀 Spotlight Stock Market Lists 20 New Digital Asset ETPs

According to PANews, the Spotlight Stock Market in Sweden has introduced 20 new digital asset exchange-traded products (ETPs), expanding investment opportunities for traditional investors. These ETPs are issued by Valour, a subsidiary of DeFi Technologies. This significant addition brings the total number of ETPs available on Spotlight to 45, all of which are digital asset products issued by Valour. Among these, four are denominated in euros, while the rest are in Swedish kronor.

The newly listed ETPs include a diverse range of digital assets such as Aave (AAVE), Aerodrome Finance (AERO), Akash Network (AKT), Aptos (APT), Arweave (AR), Fetch.ai (FET), Fantom (FTM), Injective (INJ), Jupiter (JUP), Kaspa (KAS), Lido DAO (LDO), Metis (METIS), Pendle (PENDLE), Pyth Network (PYTH), Render (RNDR), Sei (SEI), Starknet (STRK), THORChain (RUNE), Worldcoin (WLD), and Wormhole (W). This move is expected to enhance the accessibility of digital assets to a broader range of investors, providing them with more options to diversify their portfolios.

#SpotlightStockMarket #DigitalAssets #ETPs #Valour #InvestmentOpportunities #DeFi #Crypto #Aave #AerodromeFinance #AkashNetwork #Aptos #Arweave #FetchAI #Fantom #Injective #Jupiter #Kaspa #LidoDAO #Metis #Pendle #PythNetwork #Render #Sei #Starknet #THORChain #Worldcoin #Wormhole #AAVE

🚀 Akash Network Founder Considers Blockchain Migration Amid Community Concerns

According to Foresight News, Akash Network founder Greg Osuri announced on social media that he is contemplating a move to Solana, although no final decision has been made. Osuri mentioned that the team is also considering 15 other blockchains, whose foundations have reached out in recent days. The decision-making process will be transparent, allowing the community to have a say at every step.

Osuri further highlighted the strengths of the Cosmos network, particularly its community and strong open-source ethos. While acknowledging Solana's strengths, he expressed concerns about its open-source and community values.

#AkashNetwork #GregOsuri #Solana #Cosmos #ForesightNews #blockchain #opensource #community #migration #blockchains #SOL #ATOM

🚀 Akash Network Proposes Burn-Mint Equilibrium Model for AKT

Akash Network has announced the commencement of an on-chain vote today, March 7, regarding a proposal to introduce a Burn-Mint Equilibrium token-burning model. According to NS3.AI, if the proposal is approved, a network upgrade to implement the model is planned for 2:00 p.m. UTC on March 23. The proposed design aims to enhance the token's direct utility by burning all AKT used for deployments, thereby linking its value more closely to network usage.

#AkashNetwork #BurnMintEquilibrium #AKT #tokenburning #blockchain #networkupgrade #cryptocurrency #NS3AI