IO (io.net) has pumped 14.56% in the last 24 hours.

Gate News Bot news, on September 9th, according to CoinMarketCap, as of the time of writing, IO (io.net) is currently priced at $0.61, having risen 14.56% in the last 24 hours, reaching a high of $0.61 and a low of $0.51. The current market capitalization is approximately $122 million, an increase of $15.5 million compared to yesterday.

io.net is a decentralized GPU ecosystem designed for AI workloads. It provides instant access to enterprise-grade computing resources, with costs reduced by 70%. io.net supports containerized AI workloads, Ray clusters, and bare-metal deployments, covering over 30,000 GPUs across more than 130 countries. The platform allows users to deploy and scale AI workloads at a lower cost, without contracts or waiting lists. io.net also offers GPU owners a new source of income by maximizing returns through decentralized AI.

Important news from IO recently:

1️⃣ The development of the AI field drives the rise in GPU demand With the rapid development of AI technology, the demand for high-performance GPUs continues to rise. io.net, as a decentralized GPU ecosystem, provides a more economical and efficient solution for AI workloads, and is expected to benefit from this trend. The platform covers over 30,000 GPU resources across more than 130 countries, offering users a wide range of choices and flexibility.

2️⃣ Cost advantages attract users io.net claims to reduce the deployment cost of AI workloads by 70%, a significant cost advantage that is expected to attract more enterprises and developers to use the platform. Especially in the current economic environment, cost-effectiveness may become a key consideration for users when selecting computing resources.

3️⃣ Create new income sources for GPU owners io.net not only provides resources for AI developers but also creates new income streams for GPU owners. This bidirectional value creation model helps to expand the platform's ecosystem, improve resource utilization, and simultaneously increase the utility and demand for IO tokens.

From a technical perspective, IO has shown strong upward momentum in the past 24 hours, with a rise of 14.56%, indicating positive sentiment in the market towards the project. The highest price is the same as the current price, suggesting there may still be room for further increase. However, investors should remain cautious of potential correction risks.

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