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 →
Market cap · 30d
$2.14M
τ7,690.40
1.38% / 24h ↘
24h volume
$0
—
Daily, 24 days
Supply
14.5%
3.04M ה
in circulation, out of 21M max
-
In circulation
3.04M ה · 14.5%
-
In the pool
3.14M ה · 14.9%
-
Not emitted yet
14.8M ה · 70.6%
Locks
$2,226.84
0.1% of circulating supply
-
Owner lock
0.00 ה · 0.0%
-
Other holders (1)
3,165.97 ה · 0.1%
-
Not locked
3.04M ה · 99.9%
∞ Perpetual lock 3,165.97 ה · ↘ Decaying lock 0.00 ה
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)
$911.54
τ3.280 · 1,295.97 ה
Last 30 days
$28.6K
τ100.64
Last 90 days
$79.7K
τ342.79
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
3,165.97 ה
∞ 3.17K · ↘ 0
Wallets locking
1
on the owner hotkey
| Coldkey | Hotkey | Alpha locked |
% circulating | Type | Last update |
|
5HMtFE…eS8CCx
|
owner hotkey |
3,165.97 ה |
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 ה
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.