Swap ATH at the Best Rate
ATH is the utility token of Aethir, a decentralized GPU cloud that rents enterprise-grade graphics hardware to AI and gaming companies. GPU owners plug capacity into the network as containers, independent checker nodes verify their performance, and ATH is the asset the network pays and settles in. The token launched on 12 June 2024 on Ethereum with a fixed supply of 42 billion.
Stats
- Market cap
- $75.4M
- Fully diluted valuation (FDV)
- $157.3M
- Circulating supply
- 20.1B ATH
- Total supply
- 42B ATH
- Volume (24h)
- $24.0K
- Swaps (24h)
- —
Data updated 2026-08-18
About ATH
ATH is a token traded on Ethereum. On 1inch, the swap aggregator compares supported routes across DEX liquidity to help improve a crypto swap involving ATH, while you keep full control of your funds in your own wallet.
ATH ranks #84 by 24-hour trading volume among the tokens tracked on 1inch, with $24.0K traded over the last day. It is a micro-cap asset, with a market capitalization of around $75.4M. Beyond Ethereum, the 1inch token catalog lists ATH on one more network.
ATH at a glance
- Launched
- 12 June 2024, with the Aethir mainnet
- Issuer
- Aethir, founded 2021, led by Daniel Wang and Mark Rydon
- Token standard
- ERC-20 on Ethereum; rewards distributed on Arbitrum
- Supply
- Fixed; 15% to checkers, 23% to Edge, 6% to airdrops, rest vesting
- Maximum supply
- 42,000,000,000 ATH
- Primary utility
- Compute payments, staking and node rewards in the GPU network
What is ATH?
ATH powers Aethir, a decentralized physical infrastructure network for GPU compute founded in 2021. Instead of building data centers, Aethir aggregates idle enterprise-grade GPUs, including data-center cards used for AI training and inference, from providers around the world and rents them to clients in AI, machine learning and cloud gaming.
The token is the network's economic layer. Compute providers and the node operators who police them are rewarded in ATH, staking programs run in it, and it serves as the medium of exchange for the network's services. The canonical ERC-20 contract lives on Ethereum, while day-to-day reward distribution happens on Arbitrum and a bridged version circulates on Solana.
How ATH works
Aethir splits its network into three roles. Containers are the GPU machines that actually run workloads. Checkers are lightweight verification nodes that continuously test containers' specifications, uptime and quality of service. Indexers match incoming demand to the best-placed containers, favoring low latency for uses like cloud gaming.
Checkers are deliberately decentralized: Aethir sold more than 91,000 checker node licenses to over 22,000 buyers in March 2024, and license holders earn daily ATH rewards for keeping their nodes running, either themselves or through delegation to node-as-a-service operators. Container operators earn ATH for proven capacity and delivered compute, and an Aethir Edge device program extends the network to consumer-hosted hardware.
ATH supply and tokenomics
Supply is fixed at 42 billion ATH. The published allocations dedicate 15% of supply to checker node rewards over roughly four years and 23% to Aethir Edge distribution, with 6% reserved for community airdrop seasons that began with the Cloud Drop campaign at launch. Team, investor and ecosystem tranches vest on multi-year schedules.
Staking launched the same day as the token, with pools that pair ATH with the network's AI and gaming partner ecosystems, and a liquid staking representation exists. Rewards for checkers and stakers are emissions from the fixed supply, so they wind down as allocations deplete rather than inflating the cap.
Who builds ATH
Aethir was founded in 2021 by chief executive Daniel Wang, previously in publishing and operations roles at Riot Games, and Mark Rydon, who leads strategy. Kyle Okamoto, formerly chief network officer at Verizon Media and head of Ericsson's IoT business, is chief technology officer, and Paul Thind, with a background in games publishing, leads revenue.
The company is Singapore-based and enterprise-first: rather than starting with hobbyist hardware, it signed capacity and client contracts with data centers, telecoms and game studios, and it publishes network and revenue updates through its own blog and ecosystem reports.
What people use ATH for
ATH is the working asset for every role in the network, and most holders participate through staking or node rewards.
- Pay for GPU compute sessions and services inside the Aethir network.
- Earn daily rewards for operating or delegating a checker node license.
- Earn provider rewards for contributing GPU capacity as a container.
- Stake ATH in the network's AI and gaming pools.
- Bridge between Ethereum, Arbitrum and Solana deployments as needed.
ATH risks and considerations
ATH is an emissions-funded network token: checker and provider rewards come from fixed allocations, so participation economics depend on the token's market value, and team, investor and ecosystem tranches keep vesting for years after launch, growing the tradable supply toward the 42 billion cap.
The business risk is demand. Aethir competes with centralized clouds and other GPU networks for AI and gaming workloads, and how tightly enterprise revenue couples to on-chain token demand depends on how clients pay for compute. Rewards also concentrate among large license and hardware holders, and the multi-chain setup means you should verify you are trading the canonical Ethereum contract or its official Arbitrum and Solana counterparts.
Official ATH links
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Questions? Answers.
What does the ATH token do in Aethir's network?
It is Aethir's settlement and incentive asset: clients can pay for GPU compute with it, container operators earn it for delivering capacity, checker node holders earn it for verifying performance, and stakers lock it in the network's AI and gaming pools. Governance participation is also among its stated roles.
What is an Aethir checker node?
A lightweight node that continuously verifies the GPU containers in Aethir's network: their specifications, uptime and delivered quality of service. Aethir sold over 91,000 checker licenses to more than 22,000 people in March 2024, and operators earn daily ATH rewards from a 15% supply allocation paid out over roughly four years.
How many ATH tokens exist?
The supply is fixed at 42 billion. Published allocations include 15% for checker node rewards, 23% for Aethir Edge device distribution and 6% for airdrop seasons, with team, investor and ecosystem portions vesting over multiple years, so the amount actually tradable grows gradually toward the cap.
Which network is the real ATH contract on?
The canonical ERC-20 contract is on Ethereum, and that is the token exchanges typically list. Checker and compute rewards are distributed on Arbitrum through an official interchain contract, and an official bridged version exists on Solana via Stargate, so match the address to the network before trading.
What is ATH used for?
ATH is used for trading, portfolio rotation, or ecosystem exposure in DeFi. It ranks #84 by 24-hour trading volume among the tokens tracked on 1inch. The role of the token can vary by network, liquidity conditions, and the route you choose, so it helps to review the quote before you confirm a swap.
Which networks support ATH on 1inch?
The 1inch token catalog lists ATH on 2 networks, including Ethereum. Support can differ by chain and current liquidity conditions, so check the token selector and live quote in the Swap flow before you trade.
How does 1inch find the best ATH rate?
1inch compares supported routes and optimizes execution across available liquidity sources on Ethereum, splitting your order across pools when that improves the ATH price.
How do I protect my ATH trades from MEV?
1inch adds MEV protection in supported intent-based flows to reduce exposure to front-running and sandwich attacks, which matters most on volatile or thin ATH routes.
Sources
- Aethir docs: token overview and contracts
- Aethir blog: mainnet launch, ATH claim and staking
- Aethir blog: one year after the token generation event
- Aethir blog: June 2024 recap with reward allocations
- Messari: understanding Aethir, a comprehensive overview
- DePIN Hub project profile: Aethir
Content reviewed July 25, 2026