Seven Crypto Inference Providers Process Approximately 211 Billion Tokens Daily

A report released by Blockworks shows that global crypto inference service providers have significant computational power investment, with demand exceeding supply. The market capitalization of liquidity crypto AI is approximately $24.9 billion, lower than Crusoe's $30.9 billion, and no decentralized computing network has disclosed verifiable revenue exceeding tens of millions of dollars. The report compared seven crypto-native inference providers on OpenRouter, including Venice, Phala, Darkbloom, io.net, AkashML, NEAR AI, and Chutes. Over the past month, these seven have processed approximately 211 billion tokens daily, accounting for 1% of the platform's daily average of 21.9 trillion tokens. Among them, Venice processes about 87 billion tokens daily, with the team stating in July that their annual recurring revenue reached $100 million, with OpenRouter contributing less than 10%; Phala processed about 54.6 billion tokens daily over the past week, up from 5 billion in July. Chutes, a Bittensor inference subnet SN64, operates approximately 4,350 GPUs, with the team claiming a daily processing of 160 billion tokens, and OpenRouter's channel averaging 5.7 billion. Akash has 283 active GPUs, down from a peak of 897, with an annual leasing fee of about $3.7 million, and GPU incentives have ended. io.net has seen its demand nearly double over the past month, processing an average of 14.8 billion tokens daily.

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