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)
- $49M
τ176K
- Circulating supply
- 4.47M ת
21.3% of the 21M max
- Owner lock
- 483K ת 90.4% ∞ auto
- Owner revenue / day
- $38.5K
τ138.54
- Emission share
- 13.73%
of TAO emitted to subnets
- TAO emission / day
- τ494.38
Technical data
- Alpha in pool
- 1,648,152.19 ת
- Circulating alpha
- 4,472,152.10 ת
- TAO emission / day
- τ494.38
pool τ106.37 · excess τ388.01
- Alpha emission / day
- 7,200.00 ת
- Root prop
- 13.82%
share of dividends to root validators
- EMA price (moving price)
- τ0.105747
- Registered at block
- #3966206
- Last sync
- 19 minutes ago (block #9270249)
Market cap · 30d
$133M
τ478K
1.28% / 24h ↗
24h volume
$0
—
Daily, 24 days
Supply
21.3%
4.47M ת
in circulation, out of 21M max
-
In circulation
4.47M ת · 21.3%
-
In the pool
1.65M ת · 7.8%
-
Not emitted yet
14.9M ת · 70.9%
Locks
$15.9M
12.0% of circulating supply
-
Owner lock
483K ת · 10.8%
-
Other holders (3)
51.6K ת · 1.2%
-
Not locked
3.94M ת · 88.0%
∞ Perpetual lock 535K ת · ↘ Decaying lock 21.04 ת
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)
$38,501.24
τ138.54 · 1,295.97 ת
Last 30 days
$1.03M
τ3,625.09
Last 90 days
$2.26M
τ9,369.26
Daily revenue in USD (owner emissions × alpha price × TAO/USD of the day).
Alpha locks
on-chain state 42 minutes 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
483K ת
10.8% of circulating supply · $14.4M
Type
∞ Perpetual
Owner emissions auto-locked
Total on the owner hotkey
535K ת
∞ 535K · ↘ 21
Wallets locking
4
on the owner hotkey
| Coldkey | Hotkey | Alpha locked |
% circulating | Type | Last update |
|
5FqACM…QzsThe
Owner
|
owner hotkey |
483,315.66 ת |
10.81% |
∞ Perpetual |
#9270056
|
|
5HMtFE…eS8CCx
|
owner hotkey |
51,585.07 ת |
1.15% |
∞ Perpetual |
#8865642
|
|
5Dnt7N…Mtqurq
|
owner hotkey |
21.04 ת |
0.00% |
↘ Decaying |
#9217785
|
|
5DSHaH…q7wSAm
|
owner hotkey |
0.05 ת |
0.00% |
∞ Perpetual |
#8687379
|
See the 20 latest lock events
-
Oct 12 22:14
Alpha lock
64.80 ת
owner
#9270056
-
Oct 12 21:02
Alpha lock
64.80 ת
owner
#9269696
-
Oct 12 19:50
Alpha lock
64.80 ת
owner
#9269336
-
Oct 12 18:38
Alpha lock
64.80 ת
owner
#9268976
-
Oct 12 17:26
Alpha lock
64.80 ת
owner
#9268616
-
Oct 12 16:14
Alpha lock
64.80 ת
owner
#9268256
-
Oct 12 15:02
Alpha lock
64.80 ת
owner
#9267896
-
Oct 12 13:50
Alpha lock
64.80 ת
owner
#9267536
-
Oct 12 12:38
Alpha lock
64.80 ת
owner
#9267176
-
Oct 12 11:26
Alpha lock
64.80 ת
owner
#9266816
-
Oct 12 10:14
Alpha lock
64.80 ת
owner
#9266456
-
Oct 12 09:02
Alpha lock
64.80 ת
owner
#9266096
-
Oct 12 07:50
Alpha lock
64.80 ת
owner
#9265736
-
Oct 12 06:38
Alpha lock
64.80 ת
owner
#9265376
-
Oct 12 05:26
Alpha lock
64.80 ת
owner
#9265016
-
Oct 12 04:14
Alpha lock
64.80 ת
owner
#9264656
-
Oct 12 03:02
Alpha lock
64.80 ת
owner
#9264296
-
Oct 12 01:50
Alpha lock
64.80 ת
owner
#9263936
-
Oct 12 00:38
Alpha lock
64.80 ת
owner
#9263576
-
Oct 11 23:26
Alpha lock
64.80 ת
owner
#9263216
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 ת
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.