Proposed governance mechanism BIT-0011 would require subnet owners to continuously lock TAO (referred to as Alpha in the proposal) to maintain ownership, with conviction scores decaying linearly over the lock period and ownership determined by the highest EMA-smoothed conviction score across a 30-day window.

Offers lock-staking on Root staking (subnet 0) for voting on long-term changes, with 90-day, 180-day, or 1-year lock periods and 12–50% APY.

Mentat Minds bridged Bittensor to Hyperliquid via LayerZero integration.

Addresses governance and targets a 1 trillion parameter training milestone.

Whales and smart money accumulated 18,400 TAO (worth $4.9M) during a recent price dip.

Net outflow from centralized exchanges reached approximately 42,000 TAO over the past 7 days.

Jason Calacanis characterizes Bittensor subnet 62 as a major competitor to Claude and recommends investigating it.

Reached approximately $648 million in spot trading volume and $3.0 billion in futures volume on 2026-04-10.

Holds approximately $400 million in open interest as of April 10, 2026.

Featured in Hash Rate podcast Episode 164 discussing Djinn subnet 103, covering topics including Covenant's departure from Bittensor, community reactions, how Djinn works, payment rails, team background, and launch roadmap.

A Bittensor wallet reduced its position by approximately 200 TAO from peak gains while maintaining a remaining position of 200 TAO.

Hosted a demo day for the Opentensor // Hackquest Ideathon on April 10, 2026, showcasing teams' built projects.

128 subnets remain live and operational on the Bittensor network as of April 2026.

Completed 2025 halving event prior to April 11th, 2026; daily emissions flow at approximately 3,600 TAO.

Maintains 120+ validators, staking ratio remains at 68%.

Covenant AI accused Bittensor co-founder Jacob Steeves (Const) of centralized control, suspending subnet emissions, removing moderation access, deprecating infrastructure, and strategically selling tokens.

A founder transferred $4.8 million worth of TAO to Binance.

Covenant AI founder Sam Dare sold 37,000 TAO tokens ($10M) on April 10, 2026, exiting subnet 3.

Templar founder dumped 37,000 TAO worth $11 million from three subnets before shutting them down.

Covenant AI rug pulled token, dumped 37,000 TAO (over $10M) from Bittensor subnets SN3 (Templar), SN39 (Basilica), and SN81 (Grail) on April 10, 2026. Suspended emissions, stripped permissions, and made unilateral infrastructure decisions, causing a 20% crash to $260 and wiping $900M market cap.

Achieved $43M in Q1 2026 AI customer revenue

March 2026 trading volume reached $5.7B

Trading volume reached $405M on April 7, 2026, representing 120% above the daily average.

Stillcore Capital invested in Vida.io, which operates as Bittensor Subnet 85 on the Tao network.

Chutes subnet token (SN64) is listed on MEXC exchange.

Subnet 3's Covenant-72B model scored 67.1 on the MMLU benchmark for evaluating large language model capabilities.

partnered with Cerebras for integration

Yuma Group (a DCG subsidiary) has staked nearly 19% of the TAO supply, with xTAO reporting a 7.2% validator yield.

Grayscale increased TAO allocation to 43.06% in its AI fund. Filed Grayscale TAO Trust and ETP, with S-1 Amendment No. 1 for the Bittensor Trust ETF (GTAO) on NYSE Arca continuing to advance using Coinbase and BitGo as custodians; also launched enterprise inference pilots with SSI Strategy, Metalmind NLP, and NIOME omics research.

On track for launch with Thorchain for native cross-chain swaps for Bittensor, alongside Monero and Zcash integrations.

Featured in HTX Global's futures trading contest running until 2026-04-07, with $20,000 HTX prize pool shared across SOL, TRX, TAO, XAUT, and XAG trading pairs.

Subnet 64 (Chutes) processes over 12 billion tokens per day as a serverless AI compute platform.

Trading at approximately $308 with a $3.3 billion market cap as of April 3, 2026.

Achieved $270 million in trading volume, representing a 122% increase month-over-month.

Received investment of over $200M from Polychain Capital.

Spot ETF filings pending from Grayscale and Bitwise.

Reached $486M in trading volume on April 1st, 2026, which is 168% above its daily average.

Targon Compute opened compute access to consumer GPUs for the Bittensor network.

Chamath is selling a large amount of TAO tokens.

Achieved a 7-day net flow of +2.5M TAO staked (3.0M TAO inflows minus 484K TAO outflows) across the subnet ecosystem.

Staking APY averages around 40%.

Increased subnet registration cost to 700 TAO on April 4, 2026, from 200 TAO in November 2025.

Bittensor subnets achieved net gains of 30-500% over the last 30 days as of April 8, 2026.

Volume-to-market cap ratio reached 17.8%, the highest level since November 2025.

Achieved +46% price performance in Q1 2026, ranking as the 4th best-performing crypto in that period.

Incentivizes miners to compete across a 1.75B compound library through MetaNova (Bittensor SN68) for AI drug discovery compute.

Listed on Phoenix exchange for trading on 2026-03-27.

Ranked #6 in top gainers with an 11.88% price increase, leading movers alongside FIL and ARB during overnight crypto rally on April 6, 2026.

Accumulated $933,500 in net buying from smart money wallets during the week ending March 27, 2026.

Listed on Luno exchange in Malaysia.

TAO traded at $333, down 5%.

Taoscriptions website enables users to inscribe and mint tokens (including $TAOS) directly on Bittensor L1 with a minting fee of 0.001 TAO per transaction.

Bittensor founders implemented lock-based subnet ownership via 'Locked Stake', a protocol feature enabling owners to lock tokens for a set period, with commitment measured by time and stake, and remote liquidation for poor performance. Founder Const advocates a headless subnet model for subnets to run as commodities without owner control.

Withdrawal issues for TAO are occurring on Coinbase.

Reached a 52-week engagement high of 9 million interactions in a single day. Hit an all-time high share of social mentions versus all of crypto on April 1st, 2026.

Listed in Grayscale's Q1 2026 Crypto Sectors Top 20 index with $2.6B market cap, ranked top in AI sector.

Ranked on CryptoRank as a top searched coin of the week and top trending project for March 2026.

RivusDAO develops liquid staking infrastructure for TAO ecosystem.

Integrated with Stitch3_ai, a creator ecosystem platform that uses a Bittensor subnet to map creator influence spheres and distribute rewards through prediction markets.

Surged 21.7% to $368 as subnet token market cap reached $1.5B, representing 30% of TAO's total valuation.

Filed Amendment No. 1 to its S-1 for Grayscale Bittensor Trust (GTAO) spot TAO ETF on April 2, 2026, on NYSE Arca, naming Coinbase and BitGo as custodians and featuring continuous in-kind creation baskets of 10,000 shares.

Bitwise filed for a spot TAO ETF, seeking regulated Bittensor exposure.

Reached an intraday high of $377.8, surging +115% on March 25, 2026.

Increased 12% to $347 on March 25, 2026.

Trades at $3.63B market cap, with $954M daily volume (26% of market cap) and RSI at 68, up 7% on April 9th 2026.

Hosted hackathon track in San Francisco March 24, 2026, with prize pool including $3,500 cash, $3,000 compute credits, up to 1,000 TAO investment, and 50 TAO for mainnet registration. Hosts trading tournament on Binance with 1,000 TAO prize pool, begins April 1, 2026.

Covenant AI exited Bittensor on 2026-04-10, citing centralization concerns. Wiped over $300M value, dropping price $330 to $285, freeing three slots, and leaving 125 active subnets; Cofounder Sam sold $10M TAO (37,000 tokens).

Subnet staked value reached $620M, growing from $74K twelve months prior, with growth continuing through March 28, 2026.

Yuma's Large Cap Subnet Fund, which holds TAO, rose 76% year-to-date as of March 24, 2026.

Staked 68% of circulating supply (77% of total supply), with 71% in root network and 28% in subnets.

Halved first supply March 25, 2026, cutting emissions to 3,600 TAO daily ($1M), followed by linear unlocks exceeding $1M daily March 30-April 13, 2026. Maintains 21M hard cap.

Distributes emissions with 18% to subnet owners, 41% to miners, and 41% to validators.

Chutes subnet receives approximately 518 TAO per day in emissions, equivalent to $142,000 daily or $52 million annualized.

Total annual incentive budget across the network is $360 million.

Subnet 3 team trained a 4 billion parameter LLaMA model in a distributed fashion at competitive cost. Gained 18.6% to $312 with a $6.5B FDV on March 24, 2026, after NVIDIA CEO Jensen Huang and Chamath Palihapitiya confirmed decentralized AI training works.

Intel partnered with Manifold Labs and Targon Compute on confidential compute, co-authoring a whitepaper.

Listed as a staked TAO ETP on Nasdaq Stockholm through Safello with approximately 18% annual yield, marking the first such product for Nordic investors.

Grows to 256 active subnets, doubling from 128, across specialized AI tasks including text generation, image analysis, protein folding, financial modeling, and deepfake detection.

Jason endorsed TAO as superior to BTC. Launched tokenomics dashboard for Vanta SN8 subnet and upgraded to dTAO in February 2025, introducing subnet-specific alpha tokens and AMM pools denominated in TAO.

Featured in an interview episode with Mark Jeffrey and Jesus Martinez published on March 21, 2026.

Introduces composability where subnets can route API keys, compute from hardware marketplaces, and capital across different subnets to optimize yield in real-time.

Proposes Alpha Token Shorting (APT) mechanism allowing users to borrow Alpha tokens from subnet liquidity pools by posting TAO as collateral to enable shorting of subnets.

Hit record $1.6B in 24-hour perpetuals trading volume, ranking behind XRP in global perps volume.

Subnet 3 trained a competitive LLM across 70+ distributed nodes, powering a perpetual DEX subnet for March 2026 futures, with stakers receiving profits from its mainnet trading tools.

Vanta Trading acquires 5-10 signups per day.

Generated $43.2M in revenue during Q1 2026.

Bitstarter launched its 5th TAO subnet.

Miners on Subnet 44 reached 85% accuracy for person detection within 7 days of deployment.

Subnet 3 completed a training run for a 4-billion parameter model.

Integrated with Nvidia's AI agent platform; NVIDIA to purchase $420M TAO tokens. Operates Covenant-72B, a 72-billion parameter LLM trained on Bittensor's permissionless network, running natively on-chain with post-halving emission discipline.

Ranks #1 trending on CoinGecko for week ending March 27; also ranked among most searched for 3-hour period ending March 19.

Stillcore Capital invests in Score, its fourth investment in the Bittensor ecosystem.

Chutes AI announces partnership with Harvard.

Holds approximately 2.8 million live leads in Subnet 71 (Leadpoet) as of March 2026.

One subnet achieves $5.5M in annualized revenue.

One subnet signs partnerships with Reading FC and 3,000 petrol stations.

BitGo is providing institutional custody for TAO.

Transitioning from a CEO structure to decentralized governance with a proposal layer (Triumvirate), Senate voting (top delegates), and majority-based execution.

Reaches $358, with social dominance at 1.68% (from 0.82%), social volume up 5,231% in Q1 2026, and AltRank #2 (from #398). Ranked S Tier as the #1 decentralized ML network, positioned as "Bitcoin of AI" with 256+ subnets using PoI consensus.

Added support for TAO on the hl_prime trading app.