DGrid AI token jumps 93% after decentralized AI network launch

A token that nearly doubles on day one usually comes with red flags. DGrid AI’s $DGAI managed to pull it off with something resembling actual fundamentals behind it, posting a roughly 93% gain to approximately $0.73 on its first day of trading on August 24. The token hit exchanges including Kraken and KuCoin following its token generation event on August 19, and racked up over $154 million in 24-hour trading volume shortly after launch. At first-day prices, $DGAI’s fully diluted valuation landed at approximately $730 million. What DGrid AI actually does DGrid AI operates a decentralized inference network, letting developers and users tap into AI models without routing everything through a single company’s servers. The platform integrates more than 200 AI models accessible through one API, paired with an open Model Marketplace where providers can list their offerings. The network uses what it calls Proof of Quality, or PoQ, protocols. These are designed to verify that AI outputs meet reliability standards before being delivered, essentially a quality control layer baked into the blockchain infrastructure itself. Revenue and user traction before the token even existed What separates ...