- Bittensor‘s TAO token rose 32% this week despite a major downturn in the broader crypto market.
- Institutional activity is increasing, with Grayscale and other firms moving to support the TAO token.
- Bittensor’s network hosts subnets that collectively generate over $20 million in annual recurring revenue, according to company figures.
- The first halving event for TAO tokens, set for December 2025, is expected to reduce daily rewards by half.
- Bittensor’s model allows users to contribute computing power to AI projects and receive TAO tokens as rewards.
Bittensor’s TAO token posted a 32% increase over the past week, outperforming the broader cryptocurrency sector. The surge came amid the largest leverage wipeout in crypto market history, which caused Bitcoin to drop by 12% and led to larger losses among smaller digital currencies.
On October 10, Grayscale filed with the U.S. Securities and Exchange Commission to launch a Bittensor Trust, aiming to give investors access to the TAO token without direct ownership. One day earlier, Barry Silbert of Digital Currency Group announced a new asset manager that will support Artificial Intelligence infrastructure built on Bittensor.
“Institutional momentum is creating a lot of market interest and awareness in Bittensor,” said Arrash Yasavolian, founder of Taoshi, a company focused on the Bittensor blockchain, to DL News.
Karia Samaroo, founder of xTAO, said that new traction inside the Bittensor network is attracting investors. “Several consumer-facing products are already running on Bittensor, and the top three subnets collectively generate more than $20 million in annual recurring revenue,” Samaroo stated. These subnets include Chutes AI, projected to generate $2.4 million in the next year according to subnet data, and Targon Compute, with reported annual revenue of $10.4 million. Ridges, another subnet, achieved 73% accuracy on coding test benchmarks, nearly matching leading models like Anthropic’s Claude 4.1.
Bittensor is a blockchain network built to decentralize artificial intelligence applications. It allows any user to share their computing power through “subnets”; those who participate are rewarded with TAO tokens, a process similar to how the Bitcoin blockchain rewards participants.
The network’s first halving event—an automatic reduction in rewards—is expected in December 2025. Bittensor’s halving, unlike Bitcoin’s, is triggered by total token supply and will result in TAO token rewards being cut in half. “As this will be the first Bittensor halving, we really don’t know how it will play out,” Yasavolian said. “In general, halvings bode well for long-term performance.”
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
Previous Articles:
- OCC Grants Preliminary Approval to Erebor Bank for Crypto Clients
- Peraire-Bueno Brothers Face Trial for $25M Ethereum MEV Exploit
- US Seizes $14B in Bitcoin—Debate Rages Over Reserve or Restitution
- OpenAI Faces Race to Bridge Revenue Gap in Trillion Dollar Gamble
- Altcoins Surge as Fed Signals Rate Cut; Bitcoin Eyes $130K Upside
