In plain words
The pipes of the internet: storing files, moving data around, private connections.
Like:


Dropbox, Cloudflare, NordVPN
How Bittensor works →
Statistics
- 24h volume
- —
- Volume / Mcap
- —
- Liquidity (TAO in pool)
- $8.48M
τ30.5K
- Circulating supply
- 2.77M t
13.2% of the 21M max
- Owner lock
- 100K t 59.0% ∞
- Owner revenue / day
- $3,203.04
τ11.53
- Emission share
- 0.69%
of TAO emitted to subnets
- TAO emission / day
- τ24.85
Technical data
- Alpha in pool
- 3,432,893.19 t
- Circulating alpha
- 2,769,287.92 t
- TAO emission / day
- τ24.85
pool τ8.748 · excess τ16.10
- Alpha emission / day
- 7,200.00 t
- Root prop
- 13.66%
share of dividends to root validators
- EMA price (moving price)
- τ0.00889619
- Registered at block
- #1956072
- Last sync
- about 1 hour ago (block #9270249)
Market cap · 30d
$6.84M
τ24.6K
1.21% / 24h ↘
24h volume
$0
—
Daily, 24 days
Supply
13.2%
2.77M t
in circulation, out of 21M max
-
In circulation
2.77M t · 13.2%
-
In the pool
3.43M t · 16.3%
-
Not emitted yet
14.8M t · 70.5%
Locks
$419K
6.1% of circulating supply
-
Owner lock
100K t · 3.6%
-
Other holders (5)
69.4K t · 2.5%
-
Not locked
2.6M t · 93.9%
∞ Perpetual lock 169K t · ↘ Decaying lock 546.92 t
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)
$3,203.04
τ11.53 · 1,295.97 t
Last 30 days
$99.1K
τ349.41
Last 90 days
$273K
τ1,168.15
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
100K t
3.6% of circulating supply · $247K
Type
∞ Perpetual
Emission auto-lock disabled
Total on the owner hotkey
169K t
∞ 169K · ↘ 547
Wallets locking
6
on the owner hotkey
| Coldkey | Hotkey | Alpha locked |
% circulating | Type | Last update |
|
5FWh37…Yafo1L
Owner
|
owner hotkey |
100,000.00 t |
3.61% |
∞ Perpetual |
#9244015
|
|
5HMtFE…eS8CCx
|
owner hotkey |
68,177.97 t |
2.46% |
∞ Perpetual |
#8865642
|
|
5D2Vtk…8Yctuj
|
owner hotkey |
402.02 t |
0.01% |
∞ Perpetual |
#9269767
|
|
5CdKxG…o874Xv
|
owner hotkey |
313.00 t |
0.01% |
↘ Decaying |
#9074585
|
|
5HRMNZ…KvSraQ
|
owner hotkey |
300.00 t |
0.01% |
∞ Perpetual |
#9090084
|
|
5HduSG…GFAhDo
|
owner hotkey |
267.74 t |
0.01% |
↘ Decaying |
#9181504
|
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 t
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.