Bittensor ecosystem tokens’ value hits $1.5 billion as TAO rockets 90% in March
The post Bittensor ecosystem tokens’ value hits $1.5 billion as TAO rockets 90% in March appeared on BitcoinEthereumNews.com.
Bittensor’s TAO has rallied 90% so far this month, and the tokens in its ecosystem are running up even harder. The network’s subnet token category reached a combined market cap of $1.47 billion on Monday, with $118 million in 24-hour trading volume, according to CoinGecko data. The surge follows TAO’s own run from $180 to above $332 in March, but the subnet tokens are where the real action is. Templar, the token for Subnet 3, gained 444% in 30 days. OMEGA Labs rose 440%. Level 114 added 280%. BitQuant gained 230%. Even the larger subnet tokens posted significant returns, with Chutes up 54% and Targon gaining 166%. Bittensor is a decentralized network that creates marketplaces for artificial intelligence. Instead of one company building and controlling AI models, Bittensor incentivizes a global network of participants to contribute computing power, data, and machine learning models in exchange for TAO, the network’s native token. The network is divided into specialized sub-networks called subnets, each focused on a different AI task, from training language models to running compute infrastructure to cybersecurity analysis. There are currently 128 active subnets, each with its own token whose value is tied directly to the amount of TAO staked into it. Several catalysts contributed to these moves of the Bittensor’s ecosystem tokens. Subnet 3 produced Covenant-72B, a large language model trained permissionlessly across Bittensor’s decentralized network by over 70 contributors using commodity internet hardware. The model was trained on 1.1 trillion tokens and achieved a 67.1 MMLU score, confirmed in a March 2026 arXiv paper. That puts it in competitive range with Meta’s Llama 2 70B, a model built by one of the most well-resourced AI labs in the world. (MMLU, or Massive Multitask Language Understanding, is a standardized test for AI models that scores them across 57 academic…
Filed under: News - @ March 29, 2026 1:25 pm