Akash Network Secures 98% Approval for Migration from Cosmos to Solana

Akash Network, a decentralized cloud computing platform, has successfully passed a governance proposal with 98% approval to transition from the Cosmos blockchain to Solana. This significant move will see the Akash Network’s AKT token migrate to a Solana SPL token while retaining its existing ticker and decimal structure.

The proposal, known as Governance Proposal #346, was introduced on October 26, 2026, and the voting period lasted until November 2, 2026. Notably, this migration is not a simple bridge or side deployment; it involves completely retiring the Akash Network's own chain. Token holders have been informed that there will be no option to revert this decision.

The migration process will allow AKT to convert to an SPL token at a 1:1 ratio, with the total supply remaining unchanged and maintaining six decimal places. A one-way portal for the conversion will be available for two years, providing ample time for holders to make the switch. However, the portal will not open immediately, as the necessary audits are expected to take about 2-3 weeks following the proposal's approval.

While the token migration has been authorized, the Akash marketplace will continue to operate on the Cosmos blockchain until further audits and a subsequent governance vote are completed. Once the marketplace transition occurs, existing workloads on the old chain will continue for 90 days before the chain is halted.

This strategic shift reflects Akash Network's confidence in Solana's ecosystem, which has been experiencing growth in decentralized exchange volumes and active addresses. The move is anticipated to enhance the demand for AKT as part of a larger ecosystem, tapping into Solana's liquidity and user base.