IO (io.net) rose 12.70% in the last 24 hours.

Gate News Bot news, on August 13, according to CoinMarketCap, as of the time of writing, IO (io.net) is currently priced at $0.68, with a rise of 12.70% in the last 24 hours, reaching a high of $0.69 and a low of $0.54. The current market capitalization is approximately $128 million, an increase of $14.4 million compared to yesterday.

io.net is a decentralized GPU ecosystem focused on AI workloads. It provides AI teams with an intelligent stack that allows instant access to enterprise-grade computing resources at 70% lower cost than centralized alternatives. io.net has over 30,000 verified GPUs across more than 130 countries, deployable in minutes without approvals, contracts, or waitlists. The platform supports containerized AI workloads, Ray clusters, and bare-metal deployments, offering users flexible options.

Important news about IO recently:

1️⃣ Demand for decentralized GPU ecosystem rise With the rapid development of artificial intelligence technology, the demand for high-performance GPU computing resources continues to rise. io.net, as a decentralized GPU ecosystem, provides AI teams with a more economical and flexible way to access computing resources, which may be an important factor driving the rise in the price of IO token.

2️⃣ Cost advantages stand out, attracting more AI projects to land io.net claims to save users 70% in costs, showing significant advantages over traditional centralized solutions. This cost-effectiveness may attract more AI projects to choose to deploy and operate on the io.net platform, thereby increasing the demand for IO token.

3️⃣ Global layout and rapid deployment capabilities are receiving attention io.net has over 30,000 verified GPUs in more than 130 countries and supports quick deployment within minutes. This globalization layout and efficient resource allocation capability may enhance investors' confidence in the future development prospects of the IO project.

From a technical perspective, the IO token has recently shown a strong rise, with a 24-hour increase of over 12%, indicating positive market expectations for the project. However, investors should remain vigilant about the high volatility of the cryptocurrency market and carefully assess investment risks.

This message is not intended as investment advice; investors should be aware of market volatility risks.