Akash Q3 revenue increased 1729% year-on-year, and application deployment increased 138% year-on-year

Odaily News Akash Network published a statement on X that its user fees collected in Q3 2024 increased by 1729% year-on-year and 72.5% quarter-on-quarter. Leases (application deployments) created on Akash in the quarter increased by 138% year-on-year, and the average cost per lease increased by 688%, indicating strong growth in the quality and quantity of deployed applications. Compared with Q2 2024, the number of leases created in the quarter decreased by 41%; however, the average cost per lease increased from US$6.42 to US$18.75, an increase of 192%, indicating that deployments took longer and cost more.