Akash Network's AKT Solana Migration Vote Draws 98% Early Approval

Proposal 346 Reaches On-Chain Vote

The plan to move Akash Network off its own Cosmos-based chain and onto Solana (SOL) has now reached an on-chain vote. The governance record on Akashnet-2 shows proposal 346, submitted on Monday, October 26, holding roughly 98% approval among votes cast so far. The voting window is still open, so the figure is an early snapshot rather than a final tally. The question before voters is whether Akash Network (AKT) should be converted into an SPL token on Solana. SPL is Solana's token standard, the framework used to issue and manage tokens on that chain, and the same template that has shaped token creation since the ICO era. The ballot is the formal follow-up to an earlier announcement in which Akash named Solana as its migration target. The proposal text frames the end state as a full exit from the current chain, with Solana carrying the token from then on. Passage rests on two conditions drawn from the network's governance rules: at least 33.4% of total active stake must take part, and yes votes must exceed no. Voting weight comes from staked tokens, which is why the threshold is expressed in active stake rather than in raw holder count. An approval would not start the conversion on its own. Akash plans to finish two independent audits before any AKT is issued on Solana, then open a dedicated portal where existing tokens convert one to one into the new form. The portal is designed to run for two years after it opens. The Akash Network (AKT) price rose 5.1% over the past 24 hours as the vote went live, per our live market monitoring; the network has disclosed no change to its fundamentals alongside the ballot.

The technical draft behind the proposal explains how supply stays constant through the move. For every AKT that stops circulating on the current chain, one token is minted on Solana, so total supply is matched exactly rather than duplicated, and no inflationary event rides along with the migration. Staked AKT cannot travel directly: holders must first complete the unbonding process, which adds a waiting period for anyone migrating from a staking position. The document is a draft under review, and the portal's implementation details are not yet fixed. Publishing it in review form, rather than as final documentation, keeps those details open to change before any code ships. The design is deliberately not an omnichain arrangement, in which a token would live on both chains at the same time; instead it is a one-way migration, mechanically closer to a cross-chain bridge that is then closed once the transfer window ends. The two-year portal lifespan is the other clock in the design: any holder who misses it has no further conversion route laid out in the draft. Akash gave two reasons for leaving its own chain. One is the operational burden of running it. The other is access to Solana's user base, from DeFi 2.0 protocols to decentralized physical infrastructure network, or DePIN, projects, the category Akash's own computing marketplace serves. On running costs, the team estimates the computing marketplace's daily network fee at about 0.075 Solana (SOL), a figure it presents as an estimate rather than a measurement. Timing is deliberately separated from this ballot. Even if proposal 346 passes, when the computing marketplace itself moves will be set in a separate governance vote, held after the audits and a migration rehearsal. Akash has also proposed a 90-day phase after the chain switch during which existing workloads keep running, giving deployers a defined window to re-establish their setups on the new chain.

A 98% Yes Still Needs a Quorum

Our reading of the on-chain vote record is that the real test here is participation, not persuasion. A 98% early approval is lopsided, but the constraint is turnout: without at least 33.4% of active stake voting, even a unanimous yes would fail. There is a tension inside that arithmetic. Voting weight sits with staked tokens, and staked tokens are exactly the ones that cannot migrate until their owners unbond, so the holders who decide the outcome also hold assets that cannot move until they unbond. The sequencing Akash set out keeps each risky step behind its own gate, audits before issuance, a rehearsal before the marketplace move, and a 90-day grace period after the switch. Our AKT technical analysis view treats the participation rate, not the yes share, as the figure that matters while the window runs.