Aethir (ATH), a decentralized cloud infrastructure project focused on GPU-based compute, has officially entered the top 100 cryptocurrencies by market capitalization. The ATH token has gained over 8% in the past 24 hours, rising 45% this week and nearly doubling in price over the past month.
The recent gains mark a reversal from the token’s stagnation. ATH is still trading below its all-time high from December, but technical indicators show strong bullish momentum. Open interest in Aethir futures has also reached record levels, with CoinGlass data reporting $143 million in open contracts. This suggests an increase in active trading and renewed buying pressure from the derivatives market.
Chainlink Partnership and AI Unbundled Alliance
Aethir’s price rise follows the announcement that Chainlink has joined the AI Unbundled Alliance – a developer-focused initiative led by Aethir to support decentralized AI infrastructure. The partnership aims to combine Chainlink’s oracle and execution tools with Aethir’s decentralized GPU cloud, enabling the development of scalable AI applications on Web3.
Chainlink will provide early access to its Chainlink Runtime Environment (CRE) for members of the alliance. CRE is designed to enable verifiable execution of workflows across blockchains, APIs, and legacy systems. Chainlink Labs has also committed to sponsoring hackathon bounties and offering selective grants to builders in the AI Unbundled program.
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Q3 Revenue and Compute Growth
Another reason behind recent growth is a strong revenue performance. According to an official update, July and August were record-breaking months for the platform, with an average of approximately $13 million in revenue each month. The team stated that Q3 is shaping up to be their strongest quarter, with network revenue projected to exceed $39 million.
In addition to revenue growth, Aethir reported a significant rise in compute usage. The network delivered over 340 million compute hours during Q3, up 17.5% from Q2.
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What’s Next?
Technical analysis from multiple platforms shows that ATH recently broke above previous resistance levels, with indicators such as a bullish MACD crossover suggesting continued momentum. At the same time, the Relative Strength Index (RSI) has moved above 80, which may signal a potential for short-term consolidation.
That said, Aethir’s recent growth is supported by its reported revenue increase, expanding compute capacity, and the announcement of a strategic partnership with Chainlink. These developments have contributed to higher visibility and investor interest, with potential implications for the project’s long-term position.
