Akash Network Reports Significant Growth In User Fees And Application Deployments

According to Odaily, Akash Network announced on X that its user fees in Q3 2024 saw a year-over-year increase of 1729% and a quarter-over-quarter rise of 72.5%. The number of leases (application deployments) created on Akash during this quarter grew by 138% compared to the same period last year. Additionally, the average fee per lease surged by 688%, indicating a robust increase in both the quality and quantity of application deployments. Despite a 41% decline in the number of leases created compared to Q2 2024, the average fee per lease rose from $6.42 to $18.75, marking a 192% increase. This suggests that the deployments were longer and incurred higher costs.