According to Odaily Planet Daily, Akash Network published a statement on X stating that the user fees it collected in Q3 2024 increased by 1729% year-on-year and 72.5% month-on-month.

Leases created on Akash grew 138% year over year during the quarter, and the average cost per lease grew 688%, indicating strong growth in both the quality and quantity of applications deployed.

Leases created in the quarter fell 41% compared to Q2 2024; however, the average cost per lease increased 192% from $6.42 to $18.75, indicating that deployments are taking longer and costing more.