NewsCryptoAkash Network to Migrate From Cosmos to Solana After 98% Governance Approval

Akash Network to Migrate From Cosmos to Solana After 98% Governance Approval

Author: CryptoBriefing·

Key Takeaways

  • •Akash Network token holders approved a governance proposal with 98% support to migrate the project from Cosmos to Solana.
  • •AKT will be transitioned into a Solana SPL token while keeping its current ticker and decimal structure.
  • •The migrated AKT token will be compatible with Solana wallets and decentralized applications across its ecosystem.
  • •Akash's decentralized marketplace will continue operating on Cosmos until pending audits are finished and a follow-up vote is conducted.
  • •The announcement did not include a timeline for completing the transition.
Akash Network to Migrate From Cosmos to Solana After 98% Governance Approval

Akash Network, a decentralized cloud computing platform, is preparing to migrate from the Cosmos blockchain to Solana. A governance proposal authorizing the move passed with 98% approval.

Under the approved plan, the network's AKT token will be transitioned into a Solana SPL token, the standard format for assets issued on Solana. Because that standard is shared across Solana's ecosystem, a migrated AKT would be compatible with the network's wallets and decentralized applications. AKT will retain its current ticker and decimal structure. Once the change takes effect, the token will circulate as an SPL asset rather than a Cosmos-native token. Although the token migration has been authorized, Akash's marketplace itself will remain on Cosmos for the time being, pending further audits and a subsequent vote.

Akash operates a decentralized marketplace that connects providers of computing capacity with users seeking cloud services, positioning itself as an alternative to conventional cloud providers. AKT has served as the native token of the Cosmos-based network, where it has been used for payments, staking, and governance. Cosmos is an ecosystem of interconnected, application-specific blockchains, and token holders there direct networks through the on-chain governance that is standard across Cosmos-based chains. The migration proposal advanced through that process with an overwhelming margin of support, underscoring how decisive holder backing for the pivot was.

The vote reflects strong confidence in Solana's ecosystem. The decision comes as Solana continues to experience growth and increased engagement, with decentralized exchange volumes rising and the number of active addresses increasing. Solana is known for its high-throughput, low-cost transaction design. The migration is presented as a strategic alignment with Solana's infrastructure and its growing community. For AKT, the practical effect of the change is a shift of on-chain environment: activity such as payments and staking has so far taken place on the Cosmos-based network, and the approved plan moves the token itself to Solana while the marketplace remains where it is for now.

Attention now turns to implementation. Akash's marketplace will continue to operate on Cosmos until the outstanding audits are completed and the subsequent vote is conducted, meaning further governance steps are required before the migration is fully realized. Those two checkpoints—the audit outcomes and the follow-up vote—are the milestones to watch as the transition advances. No timeline for the transition's completion was included in the announcement.