In plain words
Renting computing power (graphics cards) by the hour to run or train AI, like on Amazon Web Services, but from an open network of providers.
Like:


Amazon Web Services, CoreWeave, RunPod
How Bittensor works →
Market cap · 30d
$5.2M
τ18.7K
0.60% / 24h ↘
24h volume
$0
—
Daily, 24 days
Supply
18.1%
3.8M μ
in circulation, out of 21M max
-
In circulation
3.8M μ · 18.1%
-
In the pool
2.61M μ · 12.4%
-
Not emitted yet
14.6M μ · 69.5%
Locks
$5,299.83
0.1% of circulating supply
-
Owner lock
0.00 μ · 0.0%
-
Other holders (1)
3,870.54 μ · 0.1%
-
Not locked
3.8M μ · 99.9%
∞ Perpetual lock 3,870.54 μ · ↘ Decaying lock 0.00 μ
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)
$1,774.54
τ6.386 · 1,295.97 μ
Last 30 days
$51.3K
τ180.42
Last 90 days
$137K
τ586.68
Daily revenue in USD (owner emissions × alpha price × TAO/USD of the day).
Alpha locks
on-chain state about 2 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.
Type
—
Emission auto-lock disabled
Total on the owner hotkey
3,870.54 μ
∞ 3.87K · ↘ 0
Wallets locking
1
on the owner hotkey
| Coldkey | Hotkey | Alpha locked |
% circulating | Type | Last update |
|
5HMtFE…eS8CCx
|
owner hotkey |
3,870.54 μ |
0.10% |
∞ Perpetual |
#8865642
|
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 μ
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.