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)
- $2.4M
τ8,647.80
- Circulating supply
- 2.04M ם
9.7% of the 21M max
- Owner lock
- 25.1K ם 98.6% ↘
- Owner revenue / day
- $6,755.30
τ24.31
- Emission share
- 2.32%
of TAO emitted to subnets
- TAO emission / day
- τ83.42
Technical data
- Alpha in pool
- 461,045.52 ם
- Circulating alpha
- 2,036,005.12 ם
- TAO emission / day
- τ83.42
pool τ38.10 · excess τ45.32
- Alpha emission / day
- 7,200.00 ם
- Root prop
- 28.21%
share of dividends to root validators
- EMA price (moving price)
- τ0.0190599
- Registered at block
- #7284230
- Last sync
- about 2 hours ago (block #9270249)
Market cap · 30d
$10.6M
τ38.2K
5.88% / 24h ↘
24h volume
$0
—
Daily, 24 days
Supply
9.7%
2.04M ם
in circulation, out of 21M max
-
In circulation
2.04M ם · 9.7%
-
In the pool
461K ם · 2.2%
-
Not emitted yet
18.5M ם · 88.1%
Locks
$133K
1.3% of circulating supply
-
Owner lock
25.1K ם · 1.2%
-
Other holders (1)
367.70 ם · 0.0%
-
Not locked
2.01M ם · 98.7%
∞ Perpetual lock 367.70 ם · ↘ Decaying lock 25.1K ם
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)
$6,755.30
τ24.31 · 1,295.97 ם
Last 30 days
$186K
τ640.95
Last 90 days
$357K
τ1,455.28
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
25.1K ם
1.2% of circulating supply · $131K
Type
↘ Decaying
Emission auto-lock disabled
Total on the owner hotkey
25.5K ם
∞ 368 · ↘ 25.1K
Wallets locking
2
on the owner hotkey
| Coldkey | Hotkey | Alpha locked |
% circulating | Type | Last update |
|
5GeWgt…YwEV62
Owner
|
owner hotkey |
25,136.29 ם |
1.23% |
↘ Decaying |
#9217831
|
|
5HMtFE…eS8CCx
|
owner hotkey |
367.70 ם |
0.02% |
∞ 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 ם
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.