The Akash Network’s latest governance vote — Proposal #308 — is on track to pass, with 100% of votes in favor and a turnout of 42.31%, exceeding the quorum requirement of 33.40%, according to live data from Mintscan. The proposal, titled “v1.0.0 — Mainnet 14 Software Upgrade,” opened on Oct. 21, and will remain active until Oct. 28. Once approved, the network will upgrade its node software to version 1.0.0, integrating Cosmos SDK v0.53.
Key Upgrade Features
The Mainnet 14 proposal introduces major technical and governance improvements in Akash Network:
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IAVL Storage Upgrades – Enables faster queries and live-state execution.
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Expedited Governance Proposals – Streamlines decision-making for urgent votes.
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AEP-75: Multi-Depositor Escrow Account – Allows multiple funders to act as depositors for shared grants.
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AEP-39: Lease Termination Reason – Adds reason codes for lease terminations, improving transparency for providers.
These updates aim to enhance Akash’s decentralized compute marketplace by improving performance, flexibility, and transparency for both providers and users.
What It Means for the Network
The passing of Proposal 308 will mark a significant milestone for Akash Network as it transitions to a more modular and efficient architecture. This comes amid a broader evaluation of its Cosmos chain deprecation plans and exploration of potential migration paths to support long-term scalability.
If executed successfully, the upgrade could increase network throughput and reduce governance latency — both key requirements for competing in the decentralized cloud (DePIN) ecosystem.
However, despite strong community support, the AKT’s price has yet to reflect optimism surrounding the upgrade, as broader crypto markets remain under macroeconomic pressure.
AKT Remains Weak Despite Positive On-Chain Vote
As of Oct. 21, Akash Network (AKT) trades at $0.698, up roughly 2% on the day. Despite short-term relief, the broader trend remains bearish.
The chart shows AKT trading below all major exponential moving averages (EMAs). This alignment confirms a long-term downtrend with resistance stacked above the current range.
Moreover, a descending trendline from July continues to cap upward momentum, with rejection near the $0.90 level in prior attempts.
The Relative Strength Index (RSI 14) reads 30.4, hovering just above the oversold threshold. Historically, such levels have preceded short-lived relief rallies, but any rebound will likely face resistance near $0.80–$0.90.
Additionally, Akash Network faces immediate support near $0.66, a level that has repeatedly contained further downside pressure. A breakdown below this point could expose the token to a deeper pullback toward $0.60.
On the upside, the nearest resistance lies between $0.80 and $0.90, coinciding with the 20-day EMA and the descending trendline from July. Above all, a decisive daily close above $0.90 would signal a potential trend reversal. This would open room for a move toward the $1.08 zone, where the 100-day EMA currently sits.