Akash’s Path to Scaling GPU Supply and Building a Decentralized Compute Economy
Daily Top Performer — XION (XION)
Last Friday, the S&P 500 showed mixed signals, with buy signals from the put-call ratios, but weakened market breadth and low volatility, indicating uncertain momentum. Gold prices are lower around $2,880 due to profit-taking and a delay in Trump's tariff plans. However, rising trade tensions and a weaker USD may support gold, with potential for safe-haven demand if trade tensions escalate. Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 1.33%, with Bitcoin and Ether rising by 0.04% and 0.12%, respectively in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this link.
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Today's top performer is XION (XION), which surged 23.5% after XION and EigenLayer Unite to Advance AVSs for Next-Gen Consumer Apps.
XION (XION), launched in December 2024, is a Layer 1 blockchain that removes technical barriers, making blockchain apps as easy to use as websites. XION and EigenLayer are collaborating to enhance the integration of Autonomous Verifiable Services (AVSs), aiming to power the next generation of consumer-facing applications.
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Talk of the Town
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Akash, the top blockchain in on-chain fees, is scaling GPU supply while optimizing utilization and fees per GPU to sustain growth. Key initiatives include utilization guarantee incentives, smart financing for AI companies, an improved provider product suite, aggressive demand generation, and expanding beyond resource leasing into value-added services like inference and vector database hosting. With a focus on attracting millions of data centers and transitioning to a services economy, Akash aims to revolutionize decentralized computing and drive broader adoption.
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Bitcoin Spot ETF Flows
Date | GBTC (M USD) | Non-GBTC (M USD) | Total (M USD) |
10 February 2025 | (46.3) | (140.0) | (186.3) |
11 February 2025 | 0.0 | (56.7) | (56.7) |
12 February 2025 | (6.9) | (244.1) | (251.0) |
13 February 2025 | (6.9) | (149.9) | (156.8) |
14 February 2025 | (47.0) | 117.6 | 70.6 |
Total (weekly) | (107.1) | (473.1) | (580.2) |
Current Total (since inception): | (22,013) | 62,138 | 40,125 |
From February 10–14, 2025, BTC spot ETFs saw a net outflow of $580.2M, with GBTC losing $107.1M and non-GBTC ETFs losing $473.1M. However, the cumulative total remains positive at $40.1B, driven by $62.1B inflows into non-GBTC ETFs, offsetting $22B in GBTC outflows.
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Airdrop to Watch
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Sapien AI, a crowdsourced AI development platform backed by $15.5M in funding, has launched a confirmed airdrop through its Sapien AI Points Program, where users earn points by completing tasks that convert into tokens at TGE. With strict anti-bot measures, only a limited number of users may qualify, making this a high-value opportunity. Participants can also earn USDC rewards by linking their wallet and completing daily tasks. To join, users must log in with an EVM wallet, connect social accounts, and actively engage to maximize their rewards.