In plain words
When you ask an AI a question, a computer somewhere has to run the model to answer. These subnets do that job, like ChatGPT's API, but on thousands of independent computers.
Like:


OpenAI API, Together AI, Groq
How Bittensor works →
Statistics
- 24h volume
- —
- Volume / Mcap
- —
- Liquidity (TAO in pool)
- $4.42M
τ15.9K
- Circulating supply
- 3.47M Ⱂ
16.5% of the 21M max
- Owner lock
- 29.1K Ⱂ 65.9% ↘
- Owner revenue / day
- $2,141.42
τ7.706
- Emission share
- 0.00%
of TAO emitted to subnets
- TAO emission / day
- τ0.001152
Technical data
- Alpha in pool
- 2,672,729.87 Ⱂ
- Circulating alpha
- 3,468,468.50 Ⱂ
- TAO emission / day
- τ0.001152
pool τ0.001152 · excess τ0
- Alpha emission / day
- 7,200.00 Ⱂ
- Root prop
- 13.78%
share of dividends to root validators
- EMA price (moving price)
- τ0.00606473
- Registered at block
- #2869647
- Last sync
- about 2 hours ago (block #9270249)
Market cap · 30d
$5.73M
τ20.6K
5.61% / 24h ↘
24h volume
$0
—
Daily, 24 days
Supply
16.5%
3.47M Ⱂ
in circulation, out of 21M max
-
In circulation
3.47M Ⱂ · 16.5%
-
In the pool
2.67M Ⱂ · 12.7%
-
Not emitted yet
14.9M Ⱂ · 70.8%
Locks
$73K
1.3% of circulating supply
-
Owner lock
29.1K Ⱂ · 0.8%
-
Other holders (1)
15.1K Ⱂ · 0.4%
-
Not locked
3.42M Ⱂ · 98.7%
∞ Perpetual lock 15.1K Ⱂ · ↘ Decaying lock 29.1K Ⱂ
Owner on-chain revenue
What the subnet's team earns: 18% of the tokens the subnet creates every day go to it. It's its on-chain salary, visible to everyone.
Per day (current)
$2,141.42
τ7.706 · 1,295.97 Ⱂ
Last 30 days
$69.8K
τ246.75
Last 90 days
$183K
τ780.68
Daily revenue in USD (owner emissions × alpha price × TAO/USD of the day).
Alpha locks
on-chain state about 3 hours ago
When a team locks its own tokens, it can't sell them: it's a sign of confidence in its project. Other holders can lock too, behind the team's key.
Locked by the owner
29.1K Ⱂ
0.8% of circulating supply · $48.1K
Type
↘ Decaying
Emission auto-lock disabled
Total on the owner hotkey
44.2K Ⱂ
∞ 15.1K · ↘ 29.1K
Wallets locking
2
on the owner hotkey
| Coldkey | Hotkey | Alpha locked |
% circulating | Type | Last update |
|
5HK571…LUUFt5
Owner
|
owner hotkey |
29,099.38 Ⱂ |
0.84% |
↘ Decaying |
#9266417
|
|
5HMtFE…eS8CCx
|
owner hotkey |
15,068.50 Ⱂ |
0.43% |
∞ Perpetual |
#8923923
|
See the latest lock event
-
Oct 12 10:06
Alpha lock
25,000.00 Ⱂ
owner
#9266417
How it's measured
Alpha locked via Lock / OwnerLock. A perpetual lock (∞) never unlocks; a decaying lock (↘) is released progressively (~130 days). An owner locking its own alpha signals confidence in the project.
Buybacks
Some teams use their revenue to buy back their own token and destroy it ("buyback & burn"): fewer tokens in circulation, like a company buying back its shares.
Burned by the owner (30d)
0.00 Ⱂ
The split between buyback & burn, manual burns and emission burns appears once the events of the period are indexed (history scan in progress).
60 days excluded: missing reading, or the counter moved more than the subnet can burn (e.g. runtime migration rewriting it).
TAO spent (all indexed)
τ0
No buyback indexed yet.
How it's measured
On-chain events: AddStakeBurn (buyback & burn), alpha purchases (StakeAdded) and burns/recycles made by this subnet's declared treasury wallets.