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
- Market cap
- $2.44M
τ8,791.77
- 24h volume
- —
- Volume / Mcap
- —
- Liquidity (TAO in pool)
- $1.16M
τ4,184.23
- Circulating supply
- 463K テ
2.2% of the 21M max
- Owner lock
- 103K テ 100.0% ∞ auto
- Owner revenue / day
- $6,839.36
τ24.61
- Emission share
- 2.34%
of TAO emitted to subnets
- TAO emission / day
- τ84.30
Technical data
- Alpha in pool
- 220,334.35 テ
- Circulating alpha
- 462,959.47 テ
- TAO emission / day
- τ84.30
pool τ80.61 · excess τ3.691
- Alpha emission / day
- 7,200.00 テ
- Root prop
- 58.95%
share of dividends to root validators
- EMA price (moving price)
- τ0.0192282
- Registered at block
- #8618670
- Last sync
- about 2 hours ago (block #9270249)
Market cap · 30d
$2.44M
τ8,791.77
7.68% / 24h ↘
24h volume
$0
—
Daily, 24 days
Supply
2.2%
463K テ
in circulation, out of 21M max
-
In circulation
463K テ · 2.2%
-
In the pool
220K テ · 1.0%
-
Not emitted yet
20.3M テ · 96.7%
Locks
$544K
22.3% of circulating supply
-
Owner lock
103K テ · 22.3%
-
Other holders (0)
0.00 テ · 0.0%
-
Not locked
360K テ · 77.7%
∞ Perpetual lock 103K テ · ↘ Decaying lock 0.00 テ
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)
$6,839.36
τ24.61 · 1,295.97 テ
Last 30 days
$252K
τ901.63
Last 90 days
$657K
τ2,739.50
Daily revenue in USD (owner emissions × alpha price × TAO/USD of the day).
Alpha locks
on-chain state about 3 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
103K テ
22.3% of circulating supply · $544K
Type
∞ Perpetual
Owner emissions auto-locked
Total on the owner hotkey
103K テ
∞ 103K · ↘ 0
Wallets locking
1
on the owner hotkey
| Coldkey | Hotkey | Alpha locked |
% circulating | Type | Last update |
|
5C9y6f…C4iTEE
Owner
|
owner hotkey |
103,084.13 テ |
22.27% |
∞ Perpetual |
#9269820
|
See the 20 latest lock events
-
Oct 12 22:39
Alpha lock
64.80 テ
owner
#9270180
-
Oct 12 21:27
Alpha lock
64.80 テ
owner
#9269820
-
Oct 12 20:15
Alpha lock
64.80 テ
owner
#9269460
-
Oct 12 19:03
Alpha lock
64.80 テ
owner
#9269100
-
Oct 12 17:51
Alpha lock
64.80 テ
owner
#9268740
-
Oct 12 16:39
Alpha lock
64.80 テ
owner
#9268380
-
Oct 12 15:27
Alpha lock
64.80 テ
owner
#9268020
-
Oct 12 14:15
Alpha lock
64.80 テ
owner
#9267660
-
Oct 12 13:03
Alpha lock
64.80 テ
owner
#9267300
-
Oct 12 11:51
Alpha lock
64.80 テ
owner
#9266940
-
Oct 12 10:39
Alpha lock
64.80 テ
owner
#9266580
-
Oct 12 09:27
Alpha lock
64.80 テ
owner
#9266220
-
Oct 12 08:15
Alpha lock
64.80 テ
owner
#9265860
-
Oct 12 07:03
Alpha lock
64.80 テ
owner
#9265500
-
Oct 12 05:51
Alpha lock
64.80 テ
owner
#9265140
-
Oct 12 04:39
Alpha lock
64.80 テ
owner
#9264780
-
Oct 12 03:27
Alpha lock
64.80 テ
owner
#9264420
-
Oct 12 02:15
Alpha lock
64.80 テ
owner
#9264060
-
Oct 12 01:03
Alpha lock
64.80 テ
owner
#9263700
-
Oct 11 23:51
Alpha lock
64.80 テ
owner
#9263340
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 テ
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 30d
τ4.990
$1,386.83
TAO spent (all indexed)
τ4.990
| Date | Type | Wallet | TAO | Alpha | USD | Block |
| Oct 12, 2026 00:01 |
Alpha recycle |
Owner coldkey
Owner
|
τ5.455* |
267.68 テ |
$1,610.12 |
#9263389 |
| Oct 12, 2026 00:00 |
Alpha purchase |
Owner coldkey
Owner
|
τ4.990 |
267.68 テ |
$1,473.01 |
#9263386 |
* burns valued at the alpha price at the time of the block.
How it's measured
On-chain events: AddStakeBurn (buyback & burn), alpha purchases (StakeAdded) and burns/recycles made by this subnet's declared treasury wallets.