Akash Network ranks #53 of 504 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #177: 124 of the 176 assets ahead of it are not native coins but tokens or claims. A token is issued on a host blockchain rather than running its own; a claim stands for an asset already counted. Of the 172 non-native assets CoinSpectrum lists above it by market cap, about 51% are claims on other assets, 43% are tokens and 6% are memecoins.
| CoinSpectrum Grade | B · 69/100 · provisional |
|---|---|
| Rank among cryptocurrencies | #53 |
| Rank counting claims | #177 |
| Market capitalisation | $199M |
| Price | $0.6661 |
| Circulating supply | 299,273,926 AKT |
| Maximum supply | 388,539,008 AKT |
| Consensus family | Proof of Stake |
| Consensus mechanism | Tendermint (CometBFT) |
| Network purpose | Distributed compute |
| Ledger type | Single-asset ledger |
| Launch distribution | Presale |
Market figures from the 28 October 2026 build. Open the live view for every exchange's price, and charts.
B — 69 out of 100, provisional (from 19 of 20 criteria, 28 October 2026 build). With what is not yet measured anywhere from nothing to full marks, the score would be 65 to 71 (B to B).
| Criterion | Score | Basis |
|---|---|---|
| Leading Consensus Mechanisms (Source) | 9.1 | group average |
| Consensus: leader ladder | 9.1 | Proof of stake: 9.1 of 10 on the ladder of consensus families ranked by their largest chain's market cap |
| Consensus: family ladder | 9.1 | Proof of stake: 9.1 of 10 on the ladder of families ranked by the combined market cap of their chains |
| Cryptocurrency Standards (Source) | 6.1 | group average, 12 of 13 measured |
| Sound Money Qualities (6 checks) | 9 | 5.4 of 6 points source |
| Scarcity: a fixed cap that holds, and a supply near 21 million | 4.2 | fixed maximum supply of 389 million, but an issuer or vote can mint outside the schedule: supply scale 8.3, cap 0 |
| Durability: five years or more with no halt, freeze or reversal | ✓ | 6 full years since its first recorded price, no halt, freeze or reversal in five years |
| Fungibility: every unit interchangeable, none the protocol can freeze or set apart | ✓ | no authority can freeze, blacklist or set apart a coin |
| Divisibility: the smallest unit worth a cent or less | ✓ | 6 decimal places, the smallest unit worth $6.7e-7 |
| Portability: fees of a cent or less and capacity for real demand | ✓ | typical fee $0.0017; about 12,500 transactions a second (10 on the throughput scale; 5 is the busiest networks' median demand) |
| Verifiability: open-source nodes and checking without a trusted server | ✓ | node software open source; light clients verify from headers or proofs |
| Privacy (5 checks) | 2 | 1 of 5 passed source |
| Whitepaper privacy: keys are not tied to an identity | ✓ | Any key can hold and send AKT; the Cosmos SDK bank and auth modules carry no identity check. |
| UTXO ledger: a new key for each payment, no account linking every coin | ✗ | |
| Network-level privacy: the node hides where a transaction came from (Dandelion++, Tor or I2P, on by default) | ✗ | CometBFT mempool gossip relays transactions directly. |
| Hidden amounts (confidential transactions, RingCT, shielded pools, Mimblewimble) | ✗ | No confidential transactions. |
| Hidden sender and receiver (ring signatures or zero-knowledge proofs, one-time or stealth addresses) | ✗ | No sender or receiver hiding. |
| Scalability (fees, throughput, block time, block space, features) | 7.7 | average of 5 parts source |
| Fees ($0.001 or less 10, $1 or more 0) | 9.2 | typical fee $0.0017 |
| Throughput (2,478 a second, the busiest network's peak day, 10; 119, the median of the ten busiest, 5) | 10 | about 12,500 simple transactions a second |
| Block time (10 minutes 10, less either side) | 2.8 | a block every 5.87 seconds |
| Block space per 10 minutes (32 MB or more 10) | 10 | 22 MB limit, 2250 MB per 10 minutes |
| Features (3 checks) | 6.7 | 2 of 3 passed |
| Payments safe to accept within seconds | ✗ | CometBFT gives single-block deterministic finality with blocks about every 6 s. |
| Pruned nodes: a full node can validate and drop old history | ✓ | Cosmos SDK pruning strategies plus min-retain-blocks. |
| Light clients verify payments from headers or proofs, without a trusted server | ✓ | CometBFT light client verifies headers from validator signatures. |
| Security (miner pay and 7 checks) | 5 | 5 of 9 points source |
| Miners paid a day ($1,000 0, $10 million or more 10), 2 points | 0 | not mined |
| Its own hashrate: at least half its algorithm's largest, not merge-mined | ✗ | not mined |
| Largest pool or validator under 50% | ✓ | 12.3% |
| Largest three under 75% | ✓ | 27.4% |
| More than one maintained client | ✗ | 1 |
| Node software is open source | ✓ | Overclock Labs develops the only node, akash-network/node (Apache-2.0), and drives the roadmap through AEPs. |
| Real on-chain use: 1,000+ transactions a day | ✓ | about 61,774 a day |
| No 51% attack or deep reorganisation in five years | ✓ | |
| Programmability (tokens, contracts, 5 checks) | 2.2 | 2 of 9 points source |
| Token issuance | 0 | No token issuance on the chain itself |
| Smart contracts | 0 | CosmWasm is in the v2 node but code upload is set to Nobody and the few stored codes are not instantiable by users. |
| Multisig and time locks | ✓ | Native Cosmos SDK multisig accounts and vesting accounts that lock funds until set times. |
| Atomic swaps with other chains | ✗ | No user contracts or HTLC module to express a swap. |
| An exchange built into the protocol | ✗ | No exchange module; its market module trades compute leases, not assets. |
| Cross-chain messaging the chain verifies itself | ✓ | IBC (ibc-go v10) light-client channels (145). |
| Non-fungible tokens | ✗ | No NFT module or open contract platform. |
| Decentralisation | 6.7 | section average, 7 of 8 measured |
| Censorship resistant (Source) | 10 | No authority can halt the chain or freeze funds: No protocol-level freeze or blacklist of user AKT. source |
| No central team (Source) | 0 | A central team directs it: Overclock Labs develops the only node, akash-network/node (Apache-2.0), and drives the roadmap through AEPs. source |
| Who can mint (Source) | 8.6 | Proof of stake: 8.6 of 10 on the ladder of who produces blocks |
| Nodes (Source) | 6.3 | 80 reachable nodes source |
| Holder concentration (Source) | — | Not yet measured |
| Premine (allocated at launch) | 6.7 | 33.4% of today's supply allocated at launch to founders, a company, a foundation or investors. 100,000,000 AKT allocated at genesis (Sep 2020) to investors, team, foundation, ecosystem, testnet participants and sale buyers, against current total supply of 299,115,586 AKT (Akash bank module, 2026-10-23). source |
| Fundraising | 6.7 | Sold by its issuer or insiders: 33.4% of supply was theirs to sell, 13.7% sold so far. The genesis investor allocation was 10.03% of the 388.5M max (38.97M AKT) and the public IEO on BitMax/AscendEX (Oct 2020) was 0.52% (2.02M, ~1.8M reported). Together that is 40.99M AKT / 299,115,586 current total supply (Akash bank module, 2026-10-23) = 13.7%. Investor allocation (~10% of max supply) from private rounds plus an IEO on BitMax (AscendEX) at mainnet launch; CryptoRank reports ~$5M total raised (unverified, page paywalled). source |
| Developer share (after launch) | 8.8 | Developer share: about 12.5% of today's supply received so far; 70% of each new block reward goes to them today. The community_tax sending inflation to the community pool was raised from 2% in steps: 10% (Prop 30, 22 Dec 2022), 25% (Prop 211, 27 Jul 2023), 40% (Prop 240, 2 Jan 2024), 50% (Prop 282, 13 Mar 2025) and 70% (Prop 322, 15 May 2026). The live parameter is 0.70, with 4% inflation (2026-10-24). Estimated minted per period, from supply of 100M at genesis, ~212M, ~220M, ~228M, ~265M, ~293M and 299.1M now: 2% x 112M + 10% x 8M + 25% x 8M + 40% x 37M + 50% x 28M + 70% x 5M = ~37M, or ~12.5% of supply. Interim supplies are back-calculated from the inflation history, so the result is good to about +/-1.5 points. source |
| Supply & Demand | 8 | group average |
| Supply & Demand (Source) | 7.7 | average of 6 measures |
| Exchanges (10 or more: 10) | 10 | 19 exchanges |
| Daily volume ($10K 0, $1B or more 10) | 5.5 | $4,177,464 traded in 24 hours; #225 by volume on the exchanges the site reads (scored on the median day of the last 30, $5,802,689) |
| Turnover (volume ÷ market cap, 5% a day: 10) | 8.8 | 2.9% of its market cap a day, median of the last 30 days |
| Order-book depth (bids and asks within 2% ÷ market cap, 1%: 10) | 9.2 | $1,162,178 within 2% of the price on 4 exchanges, 0.58% of its market cap, median of the last 2 days |
| Market cap ($1M 0, $10B or more 10) | 5.7 | $199M, 5.7 on a scale of 2.5 points per tenfold |
| Paper trading (futures, options and margin ÷ market cap, 0%: 10, 100%: 0) | 7.2 | futures, options and margin positions 8.0% of its market cap |
| Supply (smaller is better) | 8.3 | fixed maximum supply of 389 million |
| Record | 7.7 | group average |
| Record (origin, claims, halts) | 10 | 3 positive, 0 negative source |
| Positive record | ||
| Launched with a stated purpose, not as a joke | ✓ | |
| No claims by its founders that contradict its own design | ✓ | |
| No halt, freeze or reversal in five years | ✓ | |
| Age (years since genesis) (Source) | 6 | 6 full years since 2020-10-20, the first day with a recorded price (genesis not yet researched, so the age can only be understated). |
| Development (work, improvements, unfixed issues) | 7 | 2 positive, 0 negative, 2 not yet researched source |
| Positive | ||
| Steady work, 6 of 6 | ✓ | 302 commits in 11 of the last 12 months (github.com/akash-network/node); akash node v2.1.2, 24 Sep 2026; 16 stable releases in the last 24 months. |
| Shipped a new capability for users in two years, +1 | ✓ | Mainnet 17 (v2.0.0), 23 Mar 2026: burn-mint equilibrium (AEP-76/78/80/81). |
| Not yet researched | ||
| Shipped a security fix in two years | – | |
| Shipped a scaling upgrade in two years | – | |
Twenty criteria, weighted equally. The Cryptocurrency Standards have six sections: sound money qualities (six checks: scarcity, durability, fungibility, divisibility, portability, verifiability), privacy (five checks), scalability (four measures and three features), security (miner pay and seven checks), programmability (token issuance, smart contracts and five checks) and decentralisation (censorship resistance, no central team, who can mint, nodes, holders, premine, fundraising and developer share). Provisional: criteria marked — are not yet measured and are left out of the average. A rating of structure and market depth, not a price forecast or investment advice. How the grade is built · Highest-graded cryptocurrencies.
299,273,926 of a maximum 388,539,008 AKT are in circulation — 77.0% of the total that will ever exist.
| Premine (allocated at launch) | 33.4% of today's supply |
|---|---|
| Sold by the issuer or insiders | 13.7% of today's supply |
| Developer share received since launch | 12.5% of today's supply |
| Developer share of new coins today | 70% |
| Nodes or validators | 80 |
| Fundraising | Private or venture funding |
100,000,000 AKT allocated at genesis (Sep 2020) to investors, team, foundation, ecosystem, testnet participants and sale buyers, against current total supply of 299,115,586 AKT (Akash bank module, 2026-10-23).
Investor allocation (~10% of max supply) from private rounds plus an IEO on BitMax (AscendEX) at mainnet launch; CryptoRank reports ~$5M total raised (unverified, page paywalled).
The genesis investor allocation was 10.03% of the 388.5M max (38.97M AKT) and the public IEO on BitMax/AscendEX (Oct 2020) was 0.52% (2.02M, ~1.8M reported). Together that is 40.99M AKT / 299,115,586 current total supply (Akash bank module, 2026-10-23) = 13.7%.
The community_tax sending inflation to the community pool was raised from 2% in steps: 10% (Prop 30, 22 Dec 2022), 25% (Prop 211, 27 Jul 2023), 40% (Prop 240, 2 Jan 2024), 50% (Prop 282, 13 Mar 2025) and 70% (Prop 322, 15 May 2026). The live parameter is 0.70, with 4% inflation (2026-10-24). Estimated minted per period, from supply of 100M at genesis, ~212M, ~220M, ~228M, ~265M, ~293M and 299.1M now: 2% x 112M + 10% x 8M + 25% x 8M + 40% x 37M + 50% x 28M + 70% x 5M = ~37M, or ~12.5% of supply. Interim supplies are back-calculated from the inflation history, so the result is good to about +/-1.5 points.
Sources: tokenomist.ai · akash.network · cryptorank.io · akash-rest.publicnode.com · akash.valopers.com · akash.valopers.com. Researched 2026-10-24, medium confidence.
No SEC/CFTC determination — unclassified.
The regulator's position, reported as stated, not CoinSpectrum's. Assets nobody has ruled on are left unclassified rather than sorted by a guess.
Akash Network is #53 among cryptocurrencies and #177 in the market ranking, which lists wrapped coins, staked derivatives, stablecoins and tokens alongside them. CoinSpectrum counts an asset once, and counts only cryptocurrencies: assets with their own blockchain and their own consensus. A wrapped coin, a staked derivative or a stablecoin is a claim on something already counted; a token, memecoin or otherwise, runs on another chain's blocks. All of them are listed, each in its own section, and none is added to the total. The 124 places between Akash Network's two ranks are held by claims and tokens, not by other networks. The methodology sets out the rule and the counting rule argues for it.
The price above is the median of the exchanges the site reads live, checked every minute and cross-checked against a market snapshot (how market data is gathered). The grade is scored on published criteria, each with its source (the method). The site is independent, nothing on it is a paid placement, and its statements are signed (about CoinSpectrum, the manifesto).