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 →
Statistics
- Market cap
- $2.37M
τ8,539.26
- 24h volume
- —
- Volume / Mcap
- —
- Liquidity (TAO in pool)
- $1.12M
τ4,019.61
- Circulating supply
- 3.08M න
14.7% of the 21M max
- Owner lock
- —
- Owner revenue / day
- $997.67
τ3.590
- Emission share
- 0.02%
of TAO emitted to subnets
- TAO emission / day
- τ0.5557
Technical data
- Alpha in pool
- 1,451,035.70 න
- Circulating alpha
- 3,082,582.21 න
- TAO emission / day
- τ0.5557
pool τ0.5557 · excess τ0
- Alpha emission / day
- 7,200.00 න
- Root prop
- 17.80%
share of dividends to root validators
- EMA price (moving price)
- τ0.00277085
- Registered at block
- #5856038
- Last sync
- about 2 hours ago (block #9270249)
Market cap · 30d
$2.37M
τ8,539.26
1.43% / 24h ↘
24h volume
$0
—
Daily, 24 days
Supply
14.7%
3.08M න
in circulation, out of 21M max
-
In circulation
3.08M න · 14.7%
-
In the pool
1.45M න · 6.9%
-
Not emitted yet
16.5M න · 78.4%
Locks
$2,905.77
0.1% of circulating supply
-
Owner lock
0.00 න · 0.0%
-
Other holders (1)
3,774.57 න · 0.1%
-
Not locked
3.08M න · 99.9%
∞ Perpetual lock 3,774.57 න · ↘ Decaying lock 0.00 න
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)
$997.67
τ3.590 · 1,295.97 න
Last 30 days
$29.9K
τ105.06
Last 90 days
$82.5K
τ354.78
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
3,774.57 න
∞ 3.77K · ↘ 0
Wallets locking
1
on the owner hotkey
| Coldkey | Hotkey | Alpha locked |
% circulating | Type | Last update |
|
5HMtFE…eS8CCx
|
owner hotkey |
3,774.57 න |
0.12% |
∞ 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 න
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.