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HOT
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Pledge one crypto to borrow another
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New
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Stake ETH and earn 6% APR
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Akash Q3 fees rose 1729% YoY, application deployment rose 138% YoY
Odaily Planet Daily News According to Akash Network, its user fees in Q3 2024 rose 1729% year-on-year and 72.5% month-on-month. The leases (application deployments) created on Akash in this quarter rose by 138% YoY, with the average cost per lease rising by 688%. This indicates a strong rise in both the quality and quantity of application deployments. Compared to Q2 2024, the leases created this quarter decreased by 41%; however, the average cost per lease increased from $6.42 to $18.75, a rise of 192%. This suggests longer deployment times and higher costs.