In plain words
Building and improving AI models. Instead of a single lab, people all over the world compete to produce the best model.
Like:


OpenAI, Mistral AI, Hugging Face
How Bittensor works →
Statistics
- 24h volume
- —
- Volume / Mcap
- —
- Liquidity (TAO in pool)
- $21.2M
τ76.5K
- Circulating supply
- 3.31M γ
15.7% of the 21M max
- Owner lock
- —
- Owner revenue / day
- $9,305.79
τ33.49
- Emission share
- 3.25%
of TAO emitted to subnets
- TAO emission / day
- τ117.06
Technical data
- Alpha in pool
- 2,959,165.95 γ
- Circulating alpha
- 3,306,225.68 γ
- TAO emission / day
- τ117.06
pool τ25.19 · excess τ91.87
- Alpha emission / day
- 7,200.00 γ
- Root prop
- 13.54%
share of dividends to root validators
- EMA price (moving price)
- τ0.0257277
- Registered at block
- #4165565
- Last sync
- about 1 hour ago (block #9270249)
Market cap · 30d
$23.7M
τ85.4K
0.25% / 24h ↘
24h volume
$0
—
Daily, 24 days
Supply
15.7%
3.31M γ
in circulation, out of 21M max
-
In circulation
3.31M γ · 15.7%
-
In the pool
2.96M γ · 14.1%
-
Not emitted yet
14.7M γ · 70.2%
Locks
$2.78M
11.7% of circulating supply
-
Owner lock
0.00 γ · 0.0%
-
Other holders (10)
387K γ · 11.7%
-
Not locked
2.92M γ · 88.3%
∞ Perpetual lock 384K γ · ↘ Decaying lock 2,870.41 γ
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)
$9,305.79
τ33.49 · 1,295.97 γ
Last 30 days
$304K
τ1,073.58
Last 90 days
$750K
τ3,159.86
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
387K γ
∞ 384K · ↘ 2.87K
Wallets locking
10
on the owner hotkey
| Coldkey | Hotkey | Alpha locked |
% circulating | Type | Last update |
|
5HMtFE…eS8CCx
|
owner hotkey |
383,999.17 γ |
11.61% |
∞ Perpetual |
#8865642
|
|
5HfxcA…62VCRK
|
owner hotkey |
942.14 γ |
0.03% |
↘ Decaying |
#9218556
|
|
5GBb1Y…Ev9GVm
|
owner hotkey |
631.46 γ |
0.02% |
↘ Decaying |
#9106956
|
|
5DFyhQ…2itjid
|
owner hotkey |
334.00 γ |
0.01% |
↘ Decaying |
#8859127
|
|
5CFWm7…jHspB4
|
owner hotkey |
220.08 γ |
0.01% |
↘ Decaying |
#9218419
|
|
5H3TMX…4YaamS
|
owner hotkey |
143.78 γ |
0.00% |
↘ Decaying |
#9218545
|
|
5CkQXB…5CF6vx
|
owner hotkey |
96.48 γ |
0.00% |
↘ Decaying |
#9179059
|
|
5CDiCr…wR4NDF
|
owner hotkey |
44.58 γ |
0.00% |
∞ Perpetual |
#8491935
|
|
5Cf9Se…MgiTmt
|
owner hotkey |
35.77 γ |
0.00% |
↘ Decaying |
#9032756
|
|
5EazQ4…FDftKU
|
owner hotkey |
35.47 γ |
0.00% |
↘ Decaying |
#9270082
|
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 γ
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.