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Read from the Bittensor chain · October 13, 2026

Where Bittensor's money goes

Price charts show what people pay for subnet tokens. This page shows something else: whether the TAO staked into subnets is going to ones that sell something real. 65% of it sits in subnets with a product you can sign up for today.

TAO in subnet pools by readiness

Ready to use: 1.30M TAO, 65%Coming: 144K TAO, 7%Research or internal: 497K TAO, 25%Inactive: 52K TAO, 3%
TAO in subnet pools2.00MStaked into the 128 subnets' pools, up from 82K in Feb 2025
In subnets you can use65%57 of 128 subnets have a product an outsider can sign up for
New TAO to those subnets61%Of each day's emissions into subnet pools. Inactive subnets get 0%
TAO issued so far11.61M55% of the 21M cap, about 3,528 a day over the last week
Subnets replaced in a year42of 128 slots changed hands in the last 12 months

TAO staked into subnets, month by month

Split by what the subnet in each slot offers today. Slots that changed hands count as replaced from before the new subnet registered.

0500K1.00M1.50M2.00M2.50MFeb 25May 25Aug 25Nov 25Feb 26May 26Aug 26Now
See the numbers
DateWith a productWithout oneSince replaced
Feb 27, 202561K16K5.3K
Mar 30, 2025220K59K12K
Apr 29, 2025402K124K22K
May 31, 2025478K186K35K
Jun 30, 2025544K216K47K
Jul 31, 2025627K252K59K
Aug 31, 2025676K316K74K
Sep 30, 2025801K375K93K
Oct 31, 2025894K431K114K
Nov 30, 20251.01M489K139K
Dec 31, 20251.07M540K151K
Jan 31, 20261.15M601K139K
Feb 28, 20261.20M653K130K
Mar 31, 20261.23M723K107K
Apr 30, 20261.25M681K84K
May 31, 20261.25M692K59K
Jun 30, 20261.26M700K36K
Jul 31, 20261.28M701K26K
Aug 31, 20261.30M715K15K
Sep 30, 20261.28M695K1.4K
Oct 13, 20261.30M693K0

What the TAO is backing

TAO in subnet pools by each subnet's main use, with how many in each group you can use today.

AI models and agents18 of 36 ready to use
800K · 40%
Compute and storage6 of 11 ready to use
424K · 21%
Finance and forecasting14 of 18 ready to use
229K · 11%
Science, health and robotics5 of 17 ready to use
164K · 8%
Media and creative4 of 8 ready to use
120K · 6%
Security and trust5 of 11 ready to use
112K · 6%
Data and search3 of 8 ready to use
70K · 4%
Bittensor tools0 of 14 ready to use
42K · 2%
Business tools2 of 4 ready to use
33K · 2%
No public information0 of 1 ready to use
1.7K · 0%

The 15 biggest subnets

By TAO in their pools. 11 of the 15 have a product you can use today.

#SubnetStatusTAO in poolShareNew TAO
1Chutes SN64
Pay-as-you-go access to open AI models for chat, images, video, speech and music.
 Live 201K10%5.8%
2lium.io SN51
Rent cloud GPUs by the hour, from RTX workstation cards to H100s and B200s.
 Live 177K9%9.4%
3Targon SN4
Rent NVIDIA GPUs by the hour to train or run AI models.
 Live 134K7%4.3%
4Vanta SN8
Take a paid trading challenge; pass it and earn weekly rewards trading a simulated funded account.
 Live 82K4%2.5%
5Teutonic SN3
A competition where miners train language AI models; you can watch the leaderboard but not use them.
 Research 76K4%2.2%
6Affine SN120
A research competition where miners help train and improve an AI reasoning model.
 Research 76K4%5.0%
7Score SN44
Build, train and run AI that understands camera video, like detecting, tracking and counting objects.
 Live 65K3%3.0%
8iota SN9
Train your own AI models across many scattered machines, either yourself with an SDK or managed.
 Live 54K3%2.1%
9Gradients SN56
Train your own custom AI image or text model without any machine learning know-how.
 Live 49K2%1.3%
10NOVA SN68
Open competitions where AI researchers race to find promising new drug candidates.
 Research 43K2%1.8%
11engy SN53
Pay-as-you-go access to top open AI models for text, image reading and video, with no data kept.
 Live 41K2%3.4%
12BitMind SN34
Spots deepfakes and AI-generated content so you can check it before you trust or share it.
 Live 35K2%1.1%
13Hone SN5
Pays miners to solve real coding tasks, turning the answers into training data for coding AI.
 Research 34K2%1.1%
14Hippius SN75
Cloud file storage with an S3-compatible option, an encrypted drive and desktop apps.
 Live 33K2%1.6%
15blockmachine SN19
Connects your app to Ethereum, Base, Bittensor and other blockchains, billing only successful requests.
 Live 31K2%0.8%

How these numbers work

TAO in subnet pools is the TAO staked into each subnet's pool on the chain. It's real TAO, so it's a steadier measure than a token's market price. New TAO is each subnet's share of the TAO the chain adds to subnet pools every block right now.

The labels come from researching every subnet's own website. Ready to use means an outsider can sign up and use a product today. Past months are grouped by what each subnet offers today, since we only have labels from October 13, 2026 onward. From now on the labels are recorded every week, so this page will show whether the share of useful subnets is growing.

Monthly figures come from archive nodes at the first block of each month. None of this is financial advice.