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.
NumerCon conference is scheduled for January 30, 2026.
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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.
Numerai raises $30M Series C at $500M valuation led by top university endowments, representing a 5x increase from 2023 valuation. AUM grows from $60M to $550M with $100M added in the past month, and the company expands with a larger San Francisco headquarters and new 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.
Token buyback program has recently been initiated using profits from operations.
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.
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