In plain words
Renting computing power (graphics cards) by the hour to run or train AI, like on Amazon Web Services, but from an open network of providers.
Like:


Amazon Web Services, CoreWeave, RunPod
How Bittensor works →
Statistics
- 24h volume
- —
- Volume / Mcap
- —
- Liquidity (TAO in pool)
- $3.32M
τ12K
- Circulating supply
- 3.74M ק
17.8% of the 21M max
- Owner lock
- —
- Owner revenue / day
- $1,861.38
τ6.698
- Emission share
- 0.14%
of TAO emitted to subnets
- TAO emission / day
- τ5.039
Technical data
- Alpha in pool
- 2,313,063.41 ק
- Circulating alpha
- 3,735,905.35 ק
- TAO emission / day
- τ5.039
pool τ5.039 · excess τ0
- Alpha emission / day
- 7,200.00 ק
- Root prop
- 13.96%
share of dividends to root validators
- EMA price (moving price)
- τ0.00505016
- Registered at block
- #3856677
- Last sync
- about 1 hour ago (block #9270249)
Market cap · 30d
$5.37M
τ19.3K
9.54% / 24h ↗
24h volume
$0
—
Daily, 24 days
Supply
17.8%
3.74M ק
in circulation, out of 21M max
-
In circulation
3.74M ק · 17.8%
-
In the pool
2.31M ק · 11.0%
-
Not emitted yet
15M ק · 71.2%
Locks
$146K
2.7% of circulating supply
-
Owner lock
0.00 ק · 0.0%
-
Other holders (1)
102K ק · 2.7%
-
Not locked
3.63M ק · 97.3%
∞ Perpetual lock 102K ק · ↘ Decaying lock 0.00 ק
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)
$1,861.38
τ6.698 · 1,295.97 ק
Last 30 days
$43.7K
τ153.81
Last 90 days
$121K
τ519.16
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
102K ק
∞ 102K · ↘ 0
Wallets locking
1
on the owner hotkey
| Coldkey | Hotkey | Alpha locked |
% circulating | Type | Last update |
|
5HMtFE…eS8CCx
|
owner hotkey |
101,862.56 ק |
2.73% |
∞ 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 ק
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.