Akash Network (AKT) Surges 44% Following Successful Mainnet Upgrade, Boosting Decentralized Cloud Computing

Price Surge: Akash Network (AKT) has soared by 44% since completing its Mainnet 11 upgrade on May 2nd, currently trading at $5.76 from around $4.00 before the upgrade.

Recent Performance: The 73rd-ranked crypto asset has also seen a 35% increase in the past week, indicating strong momentum.

Decentralized Cloud Computing: Akash Network is a decentralized cloud network supporting DeFi applications, machine learning, blockchains, and AI.

Mainnet Upgrade: The recent upgrade enhanced AKT management, tracking, and simplified deployment grant processes.

Ecosystem Growth: House of Chimera notes Akash Network's substantial revenue growth in Q1 2024 compared to previous quarters, showcasing a flourishing ecosystem.

DePin Definition: DePin refers to decentralized physical infrastructure, integrating crypto assets and blockchain to incentivize real-world infrastructure development.

All-Time High: Despite recent gains, AKT remains around 29% below its all-time high of $8.07 set in April 2021.