Akash Network AKT Migration Portal Opens for One-Way Solana Transfers

Akash Network opened its one-way AKT migration portal on November 12, 2026. Holders can now move tokens from the Cosmos-based akashnet-2 chain to an SPL token on Solana at a 1:1 ratio. The portal remains open for two years, and transfers cannot be reversed.

Akash Network AKT Migration Process Details

Self-custody users connect a Keplr wallet or use the command line to start a transfer. They enter a Solana destination address and pay a network fee of roughly 0.0125 AKT. Relayers cover Solana transaction costs, so no SOL is required. Most transfers finish in two to three minutes.

Staked AKT must first complete a 21-day unbonding period on the Cosmos chain. Staking rewards continue on the original chain until a later cutover date that has not yet been announced. The compute marketplace itself stays on Cosmos and requires a separate governance vote, audits, and testnet rehearsal before any move.

Exchanges will migrate customer balances on their own timelines. Akash Console wallets migrate automatically. Tokens held on other IBC chains must first be returned to akashnet-2 before migration can begin. The official SPL token contract address is 5d3fjPDdkYbtYcAMR9PC2TANaEyhzuyP8JxTEwqjVgBZ and maintains the same six-decimal precision as native AKT.

Background on Proposal 346 and Early Migration Volume

Proposal 346 passed on November 2, 2026, with approximately 97 percent support and turnout above the required quorum. Two independent audits preceded the vote. Total token supply stays unchanged after migration.

By November 13, between 1.6 million and 1.8 million AKT had moved through the portal, representing about 0.6 percent of supply. The Sunrise exchange listed the SPL version for trading shortly after launch. Official documentation and the portal itself are hosted at migrate.akash.network.

Founder Greg Osuri stated that Solana-based staking would not launch for several months. Separate audits of the token bridge and portal remain pending public release as of November 13. The Akash compute marketplace continues to operate on its original Cosmos chain pending further governance decisions.

Next Steps for Token Holders and Network Development

Users who complete the migration receive the new SPL token that carries the same ticker and economic parameters. No return path to the Cosmos chain exists, so participants must weigh liquidity and tooling differences before moving tokens.

Marketplace operators and developers continue to monitor on-chain activity and prepare for potential future infrastructure changes. Additional on-chain proposals will determine the timing and scope of any marketplace migration. Holders on centralized platforms should monitor exchange announcements for migration windows.