Market Analisys

The Problem with Current Compute Markets

Most decentralized GPU marketplaces denominate usage in their own native tokens, exposing both buyers and providers to volatility. Render (RNDR), Akash (AKT), and Bittensor (TAO) all rely on token-based pricing. In practice, this means costs and revenues fluctuate wildly: RNDR climbed from ~$1.20 to ~$10 in under a year, while AKT has ranged from $0.40 to $8 over two years. For buyers, such swings make budgeting impossible. For providers, they make revenue forecasting unreliable.

The second barrier is dual-currency friction. Users typically fund workloads in stablecoins, but still need to acquire and manage a separate gas token to execute. This creates slippage, accounting overhead, and additional treasury risk.

Finally, there is an enterprise adoption barrier. Enterprises and rollup operators expect compute costs to be stable, forecastable, and denominated in fiat-equivalents. Markets that depend on speculative tokens for pricing cannot meet these requirements.