In plain words
When you ask an AI a question, a computer somewhere has to run the model to answer. These subnets do that job, like ChatGPT's API, but on thousands of independent computers.
Like:
OpenAI API, Together AI, Groq
How Bittensor works →
Market cap · 30d
$29.7M
τ107K
0.46% / 24h ↗
24h volume
$0
—
Daily, 24 days
Supply
14.7%
3.1M ᚅ
in circulation, out of 21M max
-
In circulation
3.1M ᚅ · 14.7%
-
In the pool
715K ᚅ · 3.4%
-
Not emitted yet
17.2M ᚅ · 81.9%
Locks
$86.5K
0.3% of circulating supply
-
Owner lock
0.00 ᚅ · 0.0%
-
Other holders (1)
9,025.00 ᚅ · 0.3%
-
Not locked
3.09M ᚅ · 99.7%
∞ Perpetual lock 9,025.00 ᚅ · ↘ Decaying lock 0.00 ᚅ
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)
$12,425.18
τ44.71 · 1,295.97 ᚅ
Last 30 days
$411K
τ1,454.52
Last 90 days
$1.2M
τ5,224.48
Daily revenue in USD (owner emissions × alpha price × TAO/USD of the day).
Alpha locks
on-chain state 41 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.
Type
—
Emission auto-lock disabled
Total on the owner hotkey
9,025.00 ᚅ
∞ 9.02K · ↘ 0
Wallets locking
1
on the owner hotkey
| Coldkey | Hotkey | Alpha locked |
% circulating | Type | Last update |
|
5HMtFE…eS8CCx
|
owner hotkey |
9,025.00 ᚅ |
0.29% |
∞ 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 ᚅ
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.
