Bittensor’s Subnet Ecosystem
Company revenue (Annualized)
ReportedTotal revenue of the companies operating each subnet.
- Last 30 days
Reported by subnet teams through their public dashboards, except SayGM, which we estimate from published data. Each month's company revenue × 365 ÷ the days our data covers. 9 of the 16 subnets we track don't report company revenue and aren't included.
Subnet revenue (Annualized)
VerifiedOnchain buybacks of subnet tokens by those companies.
- Last 30 days
Each month's subnet revenue × 365 ÷ the days our data covers. Team buybacks and buy-and-burns from tracked team wallets, read from the chain and valued at each day's TAO/USD close. Emissions are not counted.
taopill revenue index
Subnets that don’t report company revenue still appear with their subnet revenue.
 LiumMiners supply GPUs that Lium rents out to customers.SN51 | $34.5M | $12.9M | $4.6M | $120.9M |
 TargonMiners supply GPUs for confidential compute that Targon rents to customers.SN4 | $7.8M | $5.5M | $1.8M | $71.7M |
 SayGMMiners route requests to open and closed AI models through a single API.SN28 | $6.1M | $892K | $107K | $29.6M |
 EngyMiners run AI models that Engy sells as serverless inference.SN53 | $2.4M | $2.1M | $322K | $33.7M |
 AlmanacSN41 | $1.4M | $1.2M | $262K | $11.3M |
 BitcastSN93 | $383K | $879K | $366K | $13.4M |
| ReadyAISN33 | $98K | $0 | $12K | $3.2M |
 ChutesMiners run AI models that Chutes sells as serverless inference.SN64 | Not reported | $0 | $3.6M | $86.0M |
 VantaSN8 | Not reported | $2.0M | $214K | $43.1M |
 ScoreSN44 | Not reported | $373K | $44K | $40.5M |
Both revenue columns are the last 30 days, annualized. All-time subnet revenue and market cap are on wider screens.
Company revenue is the last 30 days × 365/30, shown once all 30 days are in. Subnet revenue is team buybacks over the last 30 days × 365 ÷ the days our data covers, and its total is everything since our data for the subnet starts, not annualized, each valued at the day's TAO/USD close. Market cap is Taostats' latest, at the Nov 13 TAO/USD close. A dash means no data yet.
Subnet flows
Daily buying vs. miner rewards. Positive net flow means non-speculative buying outweighs what miners earn and are likely to sell.
- Protocol token buys
- Registration fees
- Team buybacks
- Miner payouts
| Lium | $132K | $75K | +$57K |
| Targon | $58K | $35K | +$23K |
| Chutes | $55K | $42K | +$13K |
| Engy | $31K | $20K | +$11K |
| SayGM | $27K | $19K | +$7K |
| Affine | $33K | $25K | +$7K |
| Score | $28K | $21K | +$7K |
| Vanta | $31K | $24K | +$7K |
 Teutonic | $18K | $14K | +$4K |
 NOVA | $13K | $10K | +$4K |
| $132K | Lium | $75K | +$57K | 1.77× | ||
| $58K | Targon | $35K | +$23K | 1.66× | ||
| $55K | Chutes | $42K | +$13K | 1.31× | ||
| $31K | Engy | $20K | +$11K | 1.53× | ||
| $27K | SayGM | $19K | +$7K | 1.39× | ||
| $33K | Affine | $25K | +$7K | 1.29× | ||
| $28K | Score | $21K | +$7K | 1.31× | ||
| $31K | Vanta | $24K | +$7K | 1.27× | ||
| $18K | Teutonic | $14K | +$4K | 1.30× | ||
| $13K | NOVA | $10K | +$4K | 1.37× | ||
The bars and the ratio are on wider screens.
The table covers the 32 subnets with the highest net flow. Buy side and miner payouts share one scale. Ratio is buy side divided by miner payouts. Amounts are USD per day, averaged over the 30 days Oct 15–Nov 13, the latest 30 with every flow recorded, converted at the Nov 13 TAO/USD close. Protocol token buys are the Bittensor chain using TAO emissions to buy the subnet's token; the TAO it adds to the pool as liquidity isn't counted. Team buybacks are counted for the 16 subnets we track.