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)
- $6.81M
τ24.5K
- Circulating supply
- 3.29M ㄷ
15.6% of the 21M max
- Owner lock
- 5,139.60 ㄷ 10.2% ↘
- Owner revenue / day
- $3,110.61
τ11.19
- Emission share
- 0.64%
of TAO emitted to subnets
- TAO emission / day
- τ23.15
Technical data
- Alpha in pool
- 2,837,043.66 ㄷ
- Circulating alpha
- 3,285,890.12 ㄷ
- TAO emission / day
- τ23.15
pool τ8.591 · excess τ14.56
- Alpha emission / day
- 7,200.00 ㄷ
- Root prop
- 13.81%
share of dividends to root validators
- EMA price (moving price)
- τ0.00861916
- Registered at block
- #4848444
- Last sync
- about 1 hour ago (block #9270249)
Market cap · 30d
$7.89M
τ28.4K
2.56% / 24h ↘
24h volume
$0
—
Daily, 24 days
Supply
15.6%
3.29M ㄷ
in circulation, out of 21M max
-
In circulation
3.29M ㄷ · 15.6%
-
In the pool
2.84M ㄷ · 13.5%
-
Not emitted yet
14.9M ㄷ · 70.8%
Locks
$120K
1.5% of circulating supply
-
Owner lock
5,139.60 ㄷ · 0.2%
-
Other holders (2)
45K ㄷ · 1.4%
-
Not locked
3.24M ㄷ · 98.5%
∞ Perpetual lock 43.4K ㄷ · ↘ Decaying lock 6,760.57 ㄷ
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)
$3,110.61
τ11.19 · 1,295.97 ㄷ
Last 30 days
$95.2K
τ335.14
Last 90 days
$261K
τ1,119.54
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.
Locked by the owner
5,139.60 ㄷ
0.2% of circulating supply · $12.3K
Type
↘ Decaying
Emission auto-lock disabled
Total on the owner hotkey
50.1K ㄷ
∞ 43.4K · ↘ 6.76K
Wallets locking
3
on the owner hotkey
| Coldkey | Hotkey | Alpha locked |
% circulating | Type | Last update |
|
5HMtFE…eS8CCx
|
owner hotkey |
37,762.96 ㄷ |
1.15% |
∞ Perpetual |
#8865642
|
|
5FBnGP…yKtjQq
|
owner hotkey |
5,621.48 ㄷ |
0.17% |
∞ Perpetual |
#9117718
|
|
5CKhH8…VJH9Ri
Owner
|
owner hotkey |
5,139.60 ㄷ |
0.16% |
↘ Decaying |
#9255716
|
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 ㄷ
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 30d
τ7.741
$2,151.21
TAO spent (all indexed)
τ7.741
| Date | Type | Wallet | TAO | Alpha | USD | Block |
| Oct 10, 2026 22:21 |
Alpha purchase |
Owner coldkey
Owner
|
τ7.741 |
878.70 ㄷ |
$2,214.20 |
#9255691 |
* burns valued at the alpha price at the time of the block.
How it's measured
On-chain events: AddStakeBurn (buyback & burn), alpha purchases (StakeAdded) and burns/recycles made by this subnet's declared treasury wallets.