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Altcoins & DeFi

Akash Network leaves Cosmos for Solana – What you need to know!

Image: AMBCrypto

Akash Network [AKT] has turned green with mindshare jumping by over 315% amid discussions around migration to another chain. The altcoin commands a significant market cap of over $200 million, with daily sentiment at 2.85 bullish. Akash Network votes to migrate to Solana, but... Akash Network set up a new proposal to migrate the protocol from its sovereign chain, Cosmos [ATOM], to the Solana [SOL] network. An approval would authorize a 1:1 migration to SPL, not moving workloads. The voting is still open until the 2nd of November, with Yes leading at 98.41%. They say Solana is where DePIN already thrives due to lower fees, users, and liquidity. Other DePIN projects on Solana include Helium [HNT] and Render Network [RENDER].

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