# Compute markets

<https://galactic.inc/analytics/compute-markets/>

Data block: 516,344,875 (2026-10-19 16:53 UTC)

Tokenized GPU-backed credit, GPU rental and cloud list prices, and GPU-cloud filings.

- Tokens outstanding: $590.8M Sum of 2 tracked compute-market tokens
- H100 asking price: $3.07 Median of marketplace asking prices, per GPU-hour
- H100 cloud list price: $6.88 Median of cloud on-demand list prices, per GPU-hour

| # | Asset | Tokens outstanding | NAV per vault share | 90-day APY | Active loans | Issuer | Governing law | Who can invest |
|---|---|---|---|---|---|---|---|---|
| 1 | [USD.AI USDai / sUSDai](https://galactic.inc/analytics/compute-markets/usd-ai/) | [$574.9M](https://docs.usd.ai/technical-overview/contract-addresses) | [1.1197 USDai](https://arbiscan.io/address/0x0B2b2B2076d95dda7817e785989fE353fe955ef9#readContract) | [8.21%](https://defillama.com/yields/pool/712ce948-bd9e-4f4a-8916-b72c447f7578) | [16](https://app.usd.ai/loans) | [USD.AI Foundation](https://docs.usd.ai/terms-of-service/usd.ai-terms-of-service) | [Cayman Islands](https://docs.usd.ai/terms-of-service/usd.ai-terms-of-service) | [Primary mint/redemption: KYC market makers, institutional depositors. Holding/transferring/staking: any wallet](https://docs.usd.ai/depositor/usdai) |
| 2 | [GAIB AID / sAID](https://galactic.inc/analytics/compute-markets/gaib/) | [$15.9M](https://docs.gaib.ai/products/gaib-products/aid-and-said-contracts) | [1.0900 AID](https://etherscan.io/address/0xB3B3c527BA57cd61648e2EC2F5e006A0B390A9F8#readContract) | [10.79%](https://pre-vault-api.gaib.ai/api/protocol-public) | — | [Good AI Pte. Ltd. and affiliated group entities](https://docs.gaib.ai/legal/terms-of-use) | [Singapore](https://docs.gaib.ai/legal/terms-of-use) | [Direct mint/redemption: whitelisted users, partners. Others buy/sell AID on GAIB app or DEXes](https://docs.gaib.ai/products/gaib-products/ai-dollar-aid) |

Tokens outstanding is the total supply of each issuer's base and vault tokens, with base tokens held by the vault counted once. The 90-day APY annualizes the change in the vault share price over the trailing 90 days. Each value links to its source.

## GPU rental prices

### Marketplace asking price

#### NVIDIA H100

$3.07 per GPU-hour
- [Akash](https://console.akash.network/pricing/gpus) Median provider price [$2.56](https://console.akash.network/pricing/gpus)
- [RunPod Secure Cloud](https://www.runpod.io/pricing) List price [$3.99](https://www.runpod.io/pricing)
- [RunPod Community Cloud](https://www.runpod.io/pricing) List price [$2.69](https://www.runpod.io/pricing)
- [Vast.ai](https://cloud.vast.ai/create/) Median of 2 offers [$3.44](https://cloud.vast.ai/create/)

#### NVIDIA B200

$7.99 per GPU-hour
- [RunPod Secure Cloud](https://www.runpod.io/pricing) List price [$7.99](https://www.runpod.io/pricing)
- [RunPod Community Cloud](https://www.runpod.io/pricing) List price [$5.98](https://www.runpod.io/pricing)
- [Vast.ai](https://cloud.vast.ai/create/) Median of 7 offers [$9.25](https://cloud.vast.ai/create/)

On-demand asking prices per GPU-hour, one figure per marketplace; the headline is their median. As of October 19, 2026.

### Cloud list price

#### NVIDIA H100

$6.88 per GPU-hour
- [AWS](https://aws.amazon.com/ec2/pricing/on-demand/) p5.48xlarge · us-east-1 [$6.88](https://aws.amazon.com/ec2/pricing/on-demand/) $55.04/h ÷ 8 GPUs
- [Google Cloud](https://cloud.google.com/products/compute/pricing/accelerator-optimized) a3-highgpu-8g · us-central1 [$11.06](https://cloud.google.com/products/compute/pricing/accelerator-optimized) $88.49/h ÷ 8 GPUs
- [Azure](https://azure.microsoft.com/en-us/pricing/details/virtual-machines/linux/) ND96isr H100 v5 · eastus [$12.29](https://azure.microsoft.com/en-us/pricing/details/virtual-machines/linux/) $98.32/h ÷ 8 GPUs
- [Lambda](https://lambda.ai/service/gpu-cloud) 8x NVIDIA H100 SXM 80 GB · All regions [$3.99](https://lambda.ai/service/gpu-cloud) $31.92/h ÷ 8 GPUs
- [CoreWeave](https://www.coreweave.com/pricing) NVIDIA HGX H100 · All regions [$6.16](https://www.coreweave.com/pricing) $49.24/h ÷ 8 GPUs

#### NVIDIA B200

$8.60 per GPU-hour
- [AWS](https://aws.amazon.com/ec2/pricing/on-demand/) p6-b200.48xlarge · us-east-1 [$14.24](https://aws.amazon.com/ec2/pricing/on-demand/) $113.93/h ÷ 8 GPUs
- [Google Cloud](https://cloud.google.com/products/compute/pricing/accelerator-optimized) a4-highgpu-8g · us-central1 [Not offered on demand](https://cloud.google.com/products/compute/pricing/accelerator-optimized)
- [Azure](https://azure.microsoft.com/en-us/pricing/details/virtual-machines/linux/) ND128isr GB200 v6 (GB200) · eastus [$27.04](https://azure.microsoft.com/en-us/pricing/details/virtual-machines/linux/) [$108.16/h ÷ 4 GPUs](https://learn.microsoft.com/en-us/azure/virtual-machines/sizes/gpu-accelerated/nd-gb200-v6-series)
- [Lambda](https://lambda.ai/service/gpu-cloud) 8x NVIDIA B200 SXM6 180 GB · All regions [$6.69](https://lambda.ai/service/gpu-cloud) $53.52/h ÷ 8 GPUs
- [CoreWeave](https://www.coreweave.com/pricing) NVIDIA HGX B200 · All regions [$8.60](https://www.coreweave.com/pricing) $68.80/h ÷ 8 GPUs

On-demand list price of one instance divided by its GPUs, with the region stated; the headline is the median across providers. As of October 21, 2026.

## GPU cloud filings

| Company | Revenue | Remaining performance obligations |
|---|---|---|
| [CoreWeave, Inc.](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001769628) CRWV | [$2.58B](https://www.sec.gov/Archives/edgar/data/1769628/000176962826000366/0001769628-26-000366-index.htm) [Quarter ended June 30, 2026 · 10-Q, filed August 12, 2026](https://www.sec.gov/Archives/edgar/data/1769628/000176962826000366/0001769628-26-000366-index.htm) | [$103.70B](https://www.sec.gov/Archives/edgar/data/1769628/000176962826000366/0001769628-26-000366-index.htm) [As of June 30, 2026 · 10-Q, filed August 12, 2026](https://www.sec.gov/Archives/edgar/data/1769628/000176962826000366/0001769628-26-000366-index.htm) |
| [Nebius Group N.V.](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001513845) NBIS | [$529.8M](https://www.sec.gov/Archives/edgar/data/1513845/000110465926052948/0001104659-26-052948-index.htm) [Fiscal year ended December 31, 2025 · 20-F, filed April 30, 2026](https://www.sec.gov/Archives/edgar/data/1513845/000110465926052948/0001104659-26-052948-index.htm) | [$21.33B](https://www.sec.gov/Archives/edgar/data/1513845/000110465926052948/0001104659-26-052948-index.htm) [As of December 31, 2025 · 20-F, filed April 30, 2026](https://www.sec.gov/Archives/edgar/data/1513845/000110465926052948/0001104659-26-052948-index.htm) |

Latest revenue (quarter, else fiscal year) and remaining performance obligations tagged in each company's SEC filings (EDGAR XBRL), checked for new filings on every refresh.

## Decentralized compute networks

| Network | Token | Usage |
|---|---|---|
| [Akash Network](https://akash.network/) | AKT | [709 active leases · 157 leased GPUs · $6,399 spent in the last 24 hours](https://console-api.akash.network/v1/swagger) [Akash Console API, block 29,137,235](https://console-api.akash.network/v1/swagger) |
| [Render Network](https://rendernetwork.com/) | RENDER | [228,176 RENDER burned in the last 30 days (4,194 burn transactions)](https://solscan.io/account/GqE7wcwRw86xxMz4pNq5cV3BkM64h3bvajQRQbigYqTX) [Burn account on Solscan](https://solscan.io/account/GqE7wcwRw86xxMz4pNq5cV3BkM64h3bvajQRQbigYqTX) |

## GPU derivatives

- CME Group (NYMEX) · H100 and B200 rental index futures (GPU1, GPU2) [Under CFTC review; review period extended to November 9, 2026](https://www.cftc.gov/filings/documents/2026/orgdcmnymexcompcontr260921.pdf) · [CFTC letter, Sep 21, 2026](https://www.cftc.gov/filings/documents/2026/orgdcmnymexcompcontr260921.pdf)
- ICE Futures U.S. · H100 and B200 compute futures (HPR, BKL) [Awaiting the end of the CFTC request for comment; no listing date set](https://www.ice.com/publicdocs/futures_us/exchange_notices/ICE_Futures_US_Exchange_Notice_ORNN_Compute_4Q2026_20260929.pdf) · [ICE Futures U.S. notice, Sep 29, 2026](https://www.ice.com/publicdocs/futures_us/exchange_notices/ICE_Futures_US_Exchange_Notice_ORNN_Compute_4Q2026_20260929.pdf)
- Hyperliquid (HIP-3) · H100 perpetuals[3 markets (xyz:H100, para:H100, io:H100), all delisted; open interest zero](https://hyperliquid.gitbook.io/hyperliquid-docs/for-developers/api/info-endpoint/perpetuals) · [Hyperliquid info API](https://hyperliquid.gitbook.io/hyperliquid-docs/for-developers/api/info-endpoint/perpetuals)

## Filings and court dockets

- October 16, 2026 · [iPower Inc.: 6 filings mentioning USD.AI, latest October 16, 2026](https://www.sec.gov/edgar/search/#/q=%22USD.AI%22&ciks=0001830072) · [SEC EDGAR full-text search](https://www.sec.gov/edgar/search/#/q=%22USD.AI%22&ciks=0001830072)
- August 28, 2026 · [QumulusAI, Inc.: 3 filings mentioning USD.AI, latest August 28, 2026](https://www.sec.gov/edgar/search/#/q=%22USD.AI%22&ciks=0002084026) · [SEC EDGAR full-text search](https://www.sec.gov/edgar/search/#/q=%22USD.AI%22&ciks=0002084026)
- August 21, 2026 · [SharonAI Holdings Inc.: 7 filings mentioning USD.AI, latest August 21, 2026](https://www.sec.gov/edgar/search/#/q=%22USD.AI%22&ciks=0002068385) · [SEC EDGAR full-text search](https://www.sec.gov/edgar/search/#/q=%22USD.AI%22&ciks=0002068385)
- August 14, 2026 · [10-Q filed by Corvex, Inc.](https://www.sec.gov/Archives/edgar/data/1734750/000121390026090091/ea0301480-10q_corvex.htm) · [SEC EDGAR full-text search](https://www.sec.gov/Archives/edgar/data/1734750/000121390026090091/ea0301480-10q_corvex.htm)
- July 30, 2026 · [10-Q filed by Robinhood Markets, Inc.](https://www.sec.gov/Archives/edgar/data/1783879/000178387926000114/hood-20260630.htm) · [SEC EDGAR full-text search](https://www.sec.gov/Archives/edgar/data/1783879/000178387926000114/hood-20260630.htm)

SEC filings from the last 90 days that mention an issuer or its lending entity, and court dockets from the last 12 months in which a named borrower is a party.
