what's chutes ai?
Chutes AI is a decentralized, serverless AI compute platform built on Bittensor's subnet 64 (SN64). It enables users to deploy, scale, and run open-source large language models and AI tools in production, powering trillions of tokens processed monthly. The platform supports features like fiat and stablecoin payments, with all revenue auto-staked to its alpha token. It serves thousands of paying customers and millions of users, integrating models for chat, image generation, and video processing. Chutes focuses on decentralized GPU compute to meet growing AI inference demand.
Chutes ai generated $5.7M in revenue in 2025.
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x.com/chutes_aiGenerated $5.7M in revenue during 2025.
Announces collaboration with Affine team to monetize models through their platform, with technical integration supporting compatibility through Affinetes standard and basilica deployment.
No longer holds #1 subnet position on Bittensor, overtaken by Affine subnet after maintaining top ranking since dtao launch.
Partners with zeussubnet to integrate weather forecasting models, starting with Microsoft Aurora.
Current market valuation stands at $93m, the highest among Bittensor subnets in the comparison.
Processes over 25 trillion total tokens, up from 21 trillion tokens reported in October 2025.
Integrated as initial subnet with Project Rubicon liquid staking infrastructure, enabling cross-chain staking of Alpha tokens and liquidity on Base through xAlpha token issuance.
Gets listed on MEXC exchange, marking the second centralized exchange listing for a Bittensor subnet project.
Reaches milestone of 21 trillion total tokens processed and now processes over 100 billion tokens daily, up from 40 billion tokens per day in mid-October.
Becomes #1 open source inference provider on OpenRouter, processing 40 billion tokens per day and outperforming competitors DeepInfra, Bedrock and Fireworks.
Staking yield increases to 70%, up from 68% previously reported on October 15, with SoS prices at 1.00.
Bitcast (Bittensor subnet 93) integrates chutes ai for all YouTube analysis operations, reporting the solution is significantly cheaper than their previous setup.
Chutes (SN64) offers 68% staking yield on $TAO, ranking mid-tier among major subnets with 1.33M $TAO total staked across all subnets.
Facing first serious competition for #1 subnet position from ridges_ai and affine_io, struggling to maintain emissions dominance.
Plans announced to back up all images and potentially HuggingFace models on Hippius subnet, representing a technical partnership within the Bittensor ecosystem.
CEO floats idea of alpha token exchange listings with confirmed interest from several centralized exchanges.
Achieves 90% cost reduction versus Google Cloud while processing trillion-token scale.
Daily token production on OpenRouter exceeds Elon's model by 200%, showing significant market leadership.
Current fully diluted valuation reaches $760M, marking significant growth from previous $100M market cap milestone.
Operating as #1 Bittensor subnet, offering 67% discounts on AI models subsidized by $TAO emissions, with sustainability concerns noted.
Network reaches 500,000 users and serves 12.5B tokens as largest free model provider on OpenRouter, with $100M market cap.
Fiat payment integration launches with revenue potentially funding token buybacks.
Templar I (1.2B parameter LLM) launches as first permissionless AI model trained on network, enabling no-code agent deployment through squad.ai platform.
Ranks among 4 elite subnets receiving >5% of Bittensor emissions, with top 10 subnets capturing 55% of total emissions.
Daily token processing volume reaches 90B tokens, marking 28.6% increase from previous high.
Token processing volume increases to 90B daily, up 28.5% from previous high of 70B.
Competitive pressure intensifies as TAOHash narrows performance difference to 3% gap.
Active trader re-enters position after previous successful exit, signaling potential market reversal.
Processing 70B tokens daily (up from 55B) with 190K users (up from 166K) and 2K daily signups; ranks #1 in open source AI model provision.
Serverless AI compute platform sees 166k user spike alongside elevated trading activity.
Token serving volume shows exponential growth from 5B to 55B tokens daily between March and May.
Infrastructure milestone: 1.2 trillion tokens processed with 46 billion daily peak achieved.
Token emission rate of 2 per second with 700k circulating supply creates gap between $70M market cap and $2B FDV.
Major ranking shifts occur in Bittensor ecosystem as PTN exits Top 3 and Templar enters Top 5.