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MCS · Ledger

Bittensor

Opentensor Foundation

Seam
Decentralised compute
Status
Mainnet
Live since
2021
Verified
2026-09-12

An incentive market for ML subnets, priced as if it were a compute network.

Project site ↗

Sourced figures

  • Market capitalisation$3.4B

    Circulating-supply market capitalisation of the native token.

    April 2026 snapshot; FDV roughly $6.66B at the same reading.

    Source ↗

The silicon

  • Subnet miner hardware

    128 active subnets as of March 2026, up from 32 in early 2025, with subnet Alpha-token capitalisation around $1.12B. First halving landed 12 Dec 2025, cutting daily emissions from 7,200 to 3,600 TAO.

    Source ↗

All of The Ledger