- Akash Network community governance is currently voting on a proposal to migrate the protocol from Cosmos to Solana, with “Yes” leading at 98.41% ahead of the November 2 deadline.
- The migration plan outlines a two-year one-way token migration window, maintaining the existing token supply and decimals, alongside a 90-day workload transition period before the Cosmos-based chain shuts down.
- Market indicators show AKT trading in a sideways range between $0.63 and $0.78, even as technical signals such as MACD and RSI suggest potential bullish momentum.
Akash Network Moves Closer to Solana Migration as Governance Vote Shows Strong Support
Decentralized cloud computing provider Akash Network is progressing through a pivotal governance vote proposing a full transition from the Cosmos ecosystem to the Solana blockchain. With voting scheduled to remain open until November 2, blockchain tracking on MINTSCAN indicates overwhelming support for the change, with “Yes” votes commanding 98.41% of the tally. Proponents argue that Solana represents an optimal environment for Decentralized Physical Infrastructure Networks (DePIN), citing its lower transaction fees, expansive user base, and substantial decentralized liquidity. Should the migration conclude successfully, Akash will join prominent DePIN protocols that have already integrated with Solana, including Helium (HNT) and Render Network (RENDER).
According to protocol details shared regarding the initiative, the core tokenomics of AKT will remain intact: both the circulating supply and token decimals will not change. The governance proposal outlines a two-year, one-way migration window for token holders, which is expected to initiate within two weeks based on timelines from the protocol’s leadership. Operational workloads currently running on the network will continue on the existing chain for a 90-day grace period following the initial transition, after which the legacy Cosmos chain will be completely shut down. The execution roadmap remains contingent on final governance clearance and the completion of two independent security audits.
Additional procedural hurdles remain before the transition is fully finalized. A secondary vote will be required to execute the decentralized marketplace cutover and officially terminate staking rewards on the Cosmos chain, with an official announcement anticipated in mid-November. Despite the current commanding lead in the polls, Akash Network founder Greg Osuri maintained a prudent stance regarding the finality of the results while balloting remains underway. Osuri remarked:
There is still a small chance voters can change their decision but unlikely.
AKT Technical Analysis: Sideways Consolidation Meets Emerging Bullish Indicators
Despite the notable surge in community discussions and ecosystem mindshare following the proposal, AKT has yet to break out of its ongoing price consolidation. The native token remains confined within a narrow horizontal channel, fluctuating between support at $0.63 and overhead resistance at $0.78. However, technical indicators on the AKT/USDT TradingView chart show nascent signs of a momentum shift. The Moving Average Convergence Divergence (MACD) indicator has transitioned to green histograms after a four-day stretch of bearish control, complemented by a bullish divergence on the Relative Strength Index (RSI).
Derivatives positioning also reveals growing trader optimism around the asset. According to analytics from CoinGlass, the Long/Short Ratio across all accounts and top traders has climbed above 1.49, reflecting strong buying sentiment. Market analysts note that a decisive breakout past the $0.78 resistance level could catalyze a stronger rally, particularly if the migration is ratified and AKT successfully captures Solana’s liquidity pools. Conversely, failure to sustain upward pressure could test market stability, with a breakdown below the $0.63 support zone threatening to invalidate the prevailing bullish structure.
Why This Matters
The proposed departure of Akash Network from Cosmos to Solana highlights an accelerating trend among DePIN projects reassessing sovereign app-chain architectures in favor of high-throughput Layer 1 ecosystems. While Cosmos app-chains offer customizability, the infrastructure overhead, validator coordination costs, and dispersed liquidity have prompted teams to evaluate high-speed networks like Solana. If finalized following mid-November milestones, Akash’s transition could reinforce Solana’s positioning as the primary settlement and marketplace layer for decentralized hardware and computing resources.
Frequently Asked Questions
What will happen to existing AKT tokens during the Solana migration?
Under the proposed plan, AKT’s total supply and decimals will remain unchanged. Token holders will have access to a two-year, one-way migration window to swap their assets over to Solana, which is slated to open roughly two weeks after initial approval.
What will happen to current cloud computing workloads on Akash?
Current compute workloads on Akash will remain operational on the Cosmos chain for 90 days after the transition process begins. Following this transition buffer, the old chain will be permanently decommissioned, provided the plan passes required audits and community governance votes.
When does the governance vote end?
Voting for the initial migration proposal remains open until November 2, with formal procedural announcements regarding marketplace cutover and staking termination anticipated in mid-November.
