Akash Network Moves to Leave Cosmos for Solana With 98% Support
Akash Network's Prop 346 has garnered approximately 98% community support to migrate AKT from Cosmos to Solana as a Solana Program Library (SPL) token. The move, if finalized, would establish a one-way token conversion and require a separate governance vote to end staking rewards at a future marketplace cutover.
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Migration Proposal Parameters
Akash Network's Prop 346 authorizes a migration of the AKT token from the Cosmos ecosystem to Solana, converting it into an SPL token. The proposal has received approximately 98% community support in the governance vote. The migration would involve a one-way AKT token conversion mechanism, meaning tokens converted to Solana would not be convertible back to the Cosmos chain version.
Staking and Transition Timeline
Staking rewards for AKT holders will not cease immediately upon token migration. Instead, a separate governance vote will be required at a later point to formally end staking rewards when the Akash marketplace transitions to Solana. This two-phase approach gives the community control over the exact timing of the shift away from Cosmos-based incentives.
Ecosystem and Market Implications
The migration to Solana positions AKT within a more liquid ecosystem and widens its integration opportunities. Akash operates as part of the decentralized physical infrastructure (DePIN) sector, and the shift could reshape dynamics within that market segment. The move reflects growing competition among Layer 1 chains to attract infrastructure and compute-focused projects from Cosmos-based ecosystems.
Why It Matters
For Traders
AKT liquidity and trading pairs will shift from Cosmos venues to Solana exchanges; slippage and price discovery mechanics may change notably during the conversion period.
For Investors
A top compute-infrastructure token leaving Cosmos suggests structural challenges in Cosmos ecosystem retention; Solana's ability to attract DePIN projects may widen its moat versus competing L1s.
For Builders
DePIN protocols on Cosmos will need to reassess their chain choice; Solana's growing appeal to infrastructure projects may accelerate a wave of similar ecosystem migrations.
This article is for information only and is not financial advice. Read the full disclaimer.
