what's numerai?
Numerai ($NMR) is a decentralized AI hedge fund that leverages machine learning models from a global network of data scientists to predict stock market movements. The project features a unique staking mechanism where data scientists stake NMR tokens on their models, earning up to 25% rewards for good performance or facing 25% token burns for poor performance. With a fixed supply of 11 million tokens and current circulation of ~7.58 million, NMR has a market cap of approximately $132-185 million. The fund has grown from $60M to $450M in assets under management over 3 years, achieving +25% net returns, and recently secured a $500M capacity deal with JPMorgan. Over 4000 models are currently staked across three tournament types, with more than $40M in rewards distributed to data scientists. The project is backed by notable investors including Union Square Ventures and Renaissance Technologies co-founder.
Numerai reached nearly 20,000 MCP agent sessions in 6 weeks, ending April 14, 2026.
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Reached nearly 20,000 agent sessions using the Model Context Protocol (MCP) over a 6-week period ending around April 14, 2026.
Completed resolution of the 2025 season and announced Season 2025 Grandmasters across Numerai, Numerai Signals, and Numerai Crypto competitions.
Received 250k in new funding.
Expanded Council of Elders from 7 to 9 members.
Hosts Council of Elders Decentralized AI Day event in Vienna on 2026-03-21 with over 100 signups.
Scheduled DeAI Day event in Tokyo on 2026-05-30.
The Numerai Skills example script was cloned over 300 times in the 14-day period ending February 28, 2026.
Reached over 2,000 LLMs interacting with APIs and autonomously creating and uploading models.
Launched a new fund called Numerai Singularity that combines global equity market returns with Numerai's hedge fund alpha.
Assets under management grew from approximately $60 million to over $600 million.
Introduces Bring Your Own Wallet functionality and more flexible staking options in upcoming staking updates.
Launching a new tournament called Numerai Risk to predict residual volatility using machine learning, which will operate alongside existing tournaments and include a new Risk Meta Model.
Released skills•md and Model Context Protocol, featuring create_model, upload_model, run_diagnostics, get_model_performance, and an MCP server. Deployed 10 new models to Main Competition using OpenClaw agent, with diverse feature groups (42-701), target blends, and neutralization levels (0.1-0.8).
NumerCon conference is scheduled for January 30, 2026.
Numéraire failed to generate sufficient revenue for the team and LPs, leading to shutdown of its points program. The team pivoted to a new project called Perena, though they note Numéraire "very well would've (and still might!)" work.
Open Interest for NMR on Lighter stands at $4M, while concentrated wash trading activity generates $300M volume in a 2-hour window as HFT VIP traders exploit zero-fee maker rates to farm points bounties.
24-hour trading volume on Lighter drops to $740K as HFT and market maker activity withdraws, representing a significant collapse from the $830M volume reported on December 2nd.
NMR records $830 million in 24-hour trading volume on Lighter_xyz against an $83M market cap, representing a 10:1 volume-to-market-cap ratio.
Raised $30M Series C at $500M valuation led by top university endowments. AUM grew from $60M to $550M, and expanded with San Francisco headquarters and New York City office.
Tournament improvements planned by end of 2025 include a new dataset, new targets, and better payouts.
NMR token goes live on a platform alongside PYTH token.
The v2 Spectra dataset becomes mandatory for all Numerai Crypto rounds beginning November 12th.
Dataset V5.1 launches as the biggest upgrade to core data in over a year, featuring the most unique, information-dense, and expensive features ever released.
The Crypto V2.0 "Spectra" dataset is now available, marking a new version release of the core data product.
Price action displays range tightening above 200-day moving average with bullish flag pattern formation.
A new valuation report projects enterprise value ranging from $54M to $1.15B by 2029 with implied token values starting at $3 per NMR, identifying AUM growth as the key driver.
Initiated token buyback program using profits from operations, impacting circulating supply.
JPMorgan's $500M investment captures 10% mindshare in AI crypto social discussions, signaling continued institutional interest momentum.
Total value locked is significantly underreported on tracking websites, with actual TVL around $20m versus $4m shown on CoinMarketCap due to unique staking mechanics.
NMR perp contracts gain 21.7% over 24 hours, placing among top three performers on Kraken Pro.
Token price surges 115% to $18.04 with 800% volume increase to $115M and market cap reaches $142M.
24-hour CEX volume exceeds $1B with FDV over $250M
Secured $500M commitment from JPMorgan and collaborates with top U.S. university endowments.
JPMorgan Asset Management invests $500M in AI-powered hedge fund operations.
Assets under management approach $1B, more than doubling from previous $440M milestone.
New scoring system update enables risk-aware metrics optimization and real-world performance alignment.
$1M token buyback announced as assets under management reach $440M milestone.
Weekly trading volume exceeds $250 million, demonstrating significant platform scaling.
Staking participation increases due to low token prices and reduced crypto payouts