| Subnet | Category | TAM2026 vs forecast · sort | Market cap4 Oct 2026 · sort | Revenue$/yr · sort | Buybackssort | Dashboard | Revenue chartour dashboard · click to enlarge | Owner net buys, 30dred = net seller · sort |
|---|---|---|---|---|---|---|---|---|
| SN4 TargonConfidential GPU cloud + inference (Manifold Labs) | Compute & inference | $59.6M | Yes ~$10M/yr team-stated run-rate, Woodman on the 13 Aug fund call; SubConnect $5.5–6M Woodman, fund call 13 Aug 2026 · SubConnect Vol. I: $5.5–6M |
Yes ~2,000 TAO/month bought from revenue since May, held staked (~101K alpha), not burned. buyback wallet 5D7b2X… on taostats · stats.targon.com (miner payouts; no burn data) |
Miner payouts and GPU fleet. No revenuestats.targon.com · /api/miners | None built | +$44,811 | |
| SN51 LiumGPU rental marketplace (Datura) | Compute & inference | $123.3M | Yes $13.2M/yr gross renter billings, annualised from $1.09M in the 30 days to 17 Sep (Grafana); platform take 5% grafana.lium.io credit spend · @lium_io month in review, 10 Aug–9 Sep |
Yes Renters' TAO burned on chain per rental; providers paid in alpha. Team-verified on taorevenue. Fish on the mechanism · taorevenue SN51 (team-verified ✓) |
GPU rental spend per hour, fleet size, rentalsour dashboard · grafana.lium.io · executors/stats | 4 Oct · open | +$1,548,986team-verified ✓ | |
| SN64 ChutesServerless open-model inference (Rayon Labs) | Compute & inference | 2026$118B2030$254B GVR |
$75.9M | Yes $3.4M/yr usage value, annualised from $9.2K/day 7–17 Sep (public API); what it nets undocumented api.chutes.ai/invocations/usage · SubConnect Vol. I · Pine Analytics estimate |
Claimed Founder policy: 100% of revenue to buy-and-burn. No ledger, no owner buys; burn shown is UID recycle. Jon Durbin, 6 Jul 2026 · taorevenue SN64 |
Tokens, users, GPUs; daily USD per modelour dashboard · chutes.ai/app/research · invocations/usage | derived · 4 Oct · open | None |
| SN53 EngyInference on commodity GPUs | Compute & inference | 2026$118B2030$254B GVR |
$50.3M | Yes ~$15K lifetime consumed to 17 Aug, Ning on the fund call; "$1–2K/day" claimed ≈ $0.4–0.7M/yr Ning, fund call 17 Aug 2026 |
Yes 17 buys-and-burns, 9,112 alpha ($58.6K), 12 Aug–17 Sep, on the team ledger; two checked on chain. Buyer wallet is not the owner, so taorevenue misses it. provider.engy.ai/buyback · extrinsic 9085082-8 on taostats · taorevenue SN53 |
Burn ledger, requests, tokens. No $ revenueour dashboard · /buyback · /requests | derived · 4 Oct · open | −$19,421 |
| SN28 SayGMInference resale | Compute & inference | 2026$118B2030$254B GVR |
$33.6M | Yes $4.9M/yr gross traffic value, annualised from $12.9K in the 23h to 18 Sep; pass-through to miners' API bills saygm.com/miners · SubConnect Vol. I |
No None found (site, docs, blog, X, 13 Sep). taorevenue SN28 |
Traffic value and requests per epoch; monthly burnsour dashboard · /miners · /buybacks | 4 Oct · open | None |
| SN33 ReadyAIConversational-data enrichment API | Data & dev tools | $2.4M | Yes $87K/yr customer spend, annualised from $7,168 in the 30 days to 15 Sep (team dashboard) readyai.ai/dashboard |
Yes August: 17.07 TAO ($3.7K) bought and burned on chain; policy is 75% of enrichment revenue. extrinsic 9048873-0004 on taostats · taorevenue SN33 |
Daily customer spend in USDCour dashboard · readyai.ai/dashboard | 4 Oct · open | +$5,204 | |
| SN93 BitcastCreator ad network — brands pay, creators paid in alpha | Sales & marketing | 2026$1.1B2031$2B M&M |
$25.7M | Yes $0.7M/yr platform revenue, annualised from $57.1K in Aug (team dashboard); $373.8K lifetime stats.bitcast.network · Blears, fund call 27 Aug 2026 |
Yes $202K bought (66.6K alpha), 58.5% of lifetime revenue, per team ledger. Non-owner wallet, so taorevenue shows 0. stats.bitcast.network buyback ledger · taorevenue SN93 |
Revenue and buybacks with tx links; creatorsour dashboard · bitcast.network/revenue · /rewards | 4 Oct · open | Noneteam-verified ✓ |
| SN60 BitsecAI code security (sentios.io) | Security & compliance | $4.9M | Yes No total disclosed team says "several" paying clients at $1–5K/mo each (Jun 2026 interviews); no total published sentios.io pricing · founder interviews Jun 2026 |
Claimed Founder intent in two interviews; no wallet or transaction. taorevenue SN60 |
Contest stats only. No revenuebitsec.ai/api/analytics · tokenomist (empty) | None built | None | |
| SN56 GradientsAutoML fine-tuning tournaments (Rayon Labs) | Model training | 2026$12B2034$86.2B TrendX |
$13.0M | Yes No figure disclosed fee mechanism only: 0.20–0.35 TAO per tournament entry G.O.D repo |
Claimed One team claim: 103 TAO bought and burned from tournament fees. Tweet and transaction not retrieved. taorevenue SN56 · api.gradients.io tournament fees |
Training jobs and tournaments. No $ seriesapi.gradients.io/v1/network/status · app/miners | None built | None |
| SN44 ScoreSports vision / analytics | Media & 3D | $48.3M | Claimed Claimed, no figure "$3M ARR" failed sourcing 7 Sep; founder projection only Khala report: "no formal ARR disclosures" · Sebti, fund call 17 Aug 2026 |
Claimed 70–80% of Score Studio revenue, per Sebti on the 17 Aug call. Nothing on chain. taorevenue SN44 |
Miner earnings and leaderboard. Buyback data privateconsole.scorestudio.ai · api.scorestudio.ai/docs | None built | None | |
| SN75 HippiusS3-compatible decentralised storage | Storage & network | 2026$11B2030$18.8B TBRC |
$18.0M | Claimed $200K claimed SubConnect figure, period unstated; team publishes no dollar figure hipstats.com storage · SubConnect Vol. I · hippius.com |
No Team's alphanomics page disclaims burns ("investing revenue in growth"). Owner is a net seller. hippius.com/alphanomics · taorevenue SN75 |
Storage used and node count. No revenueour dashboard · hipstats.com · hub.hippius.com | 4 Oct · open | −$130,737 |
| SN41 AlmanacPrediction-market research & intelligence (ex-Sportstensor) | Finance & markets | $8.4M | Yes ~$0.5M/yr implied 1% fee × $4.06M volume in the 30 days to 18 Sep (team API); derived, not reported api.almanac.market leaderboard/stats · almnc.ai/revenue · @almanac_market 30 Sep 2025 (1% fee) |
Yes $116,901 bought (91,316 alpha), 78,753 burned, Feb–Sep, per team ledger; latest burn checked on chain. Non-owner wallets, so taorevenue 0. almnc.ai/revenue · extrinsic 9080804-0011 on taostats · taorevenue SN41 |
Buyback ledger; daily trading volumeour dashboard · almnc.ai/revenue · leaderboard/stats API | derived · 4 Oct · open | None | |
| SN54 YanezSynthetic-identity AML/KYC stress tests; Proof of Humanhood (Yanez Compliance) | Security & compliance | $8.4M | Claimed $340K ARR claimed team post 28 Jul, only source; 11 clients @yanez__ai 28 Jul 2026 · TAO Daily 5 Sep (logo reveal) · yanez.ai logo strip |
Claimed Team claims ~20% of revenue bought since March (31 Jul post); the owner coldkey and three recipient wallets scanned 23 Jul–20 Sep show zero purchases, so untraced in the wallets checked. The "burn" shown is emission to the owner's own UID. @yanez__ai 31 Jul ("roughly 20%") · SN54 investment brief · taorevenue SN54 (✓) · taostats SN54 |
Miner stats only. No revenuetao-ui-dashboard.yanez.ai · miners_stats API | None built | −$31,781team-verified ✓ | |
| SN9 IOTADistributed pretraining (Macrocosmos) | Model training | 2026$12B2034$86.2B TrendX |
$30.6M | No None yet pilots; team's own end-2026 case ~$274K/yr (fund call) Squires, fund call 21 Aug 2026 |
No None. Burn shown is UID recycle. taorevenue SN9 |
Tokens processed, miner slots. No customersdashboard/mainnet · stats_overview_metrics | None built | None |
| SN120 AffineReasoning-model competition (teacher-anchored distillation); run by Bittensor co-founder Const | Model training | 2026$12B2034$86.2B TrendX |
$38.4M | No None found research stage, none claimed AffineFoundation/affine repo · affine.io |
No None. Burn shown is UID recycle; 2.4% coverage on $2.6M/30d outflow. taorevenue SN120 · taostats SN120 |
Model contest and benchmarks. No revenueaffine.io · /api/v1/snapshot | None built | None |
| SN3 TeutonicKing-of-the-hill LLM pretraining (ex-Templar slot, retaken by holder vote 14 Aug); Teutonic-II-110B king since 23 Sep | Model training | 2026$12B2034$86.2B TrendX |
$25.7M | No None found nothing for sale on site, llms.txt or repo (24 Sep) teutonic.ai · teutonic.ai/llms.txt · unarbos/teutonic repo |
No None found or claimed (site, llms.txt, repo). No burn; reward split across the king chain. taorevenue SN3 · llms.txt §reward split · taostats SN3 |
King model, losses, benchmarks. Miner side onlyteutonic.ai · llms.txt (dashboard.json fields) | None built | None |
| SN61 RedTeamAI red-teaming / bot detection | Security & compliance | $16.6M | Claimed Customers, no figure team: 1inch, a 100M-DAU messaging platform, card issuance and brokerage clients (9 Jul); five paying customers (Yuma Spotlight, Aug); no figure @_redteam_ 9 Jul article (clients) · TAO Daily 20 Aug (Yuma Spotlight) · Crypto Briefing 7 Sep · 1inch blog, Oct 2025 · SubConnect Vol. I |
Claimed Team says buybacks since Feb 2026 (doubled 16 Feb; 150 TAO by 3 May; "increasing" 9 Jul). No wallet or transaction; owner buys and burn both 0 (team-verified). @_redteam_ 16 Feb (doubled) · @_redteam_ 3 May (150 TAO) · @_redteam_ 9 Jul article · taorevenue SN61 (✓) |
Miner scores onlydashboard.theredteam.io · @_redteam_ 3 May | None built | Noneteam-verified ✓ | |
| SN62 RidgesSWE agents | Data & dev tools | $8.9M | No None found no paying product evidenced dossier SN62, 2026-09 |
No None. Owner is a net seller. taorevenue SN62 |
Nothing public (bot-blocked)app.ridges.ai · projectnobi snapshot (Apr) | None built | −$9,550 | |
| SN25 URPrivacy network / VPN | Storage & network | 2026$81.5B2035$156B MRFR · Precedence |
$8.6M | No No figure published usage public; price list × usage gives ≤$5.7K/day ≈ ≤$2.1M/yr upper bound grafana.bringyour.com public stats · api.bringyour.com 90-day feed · ur.io/buy-data |
No None found. Burn shown is the 41% UID-recycle default. taorevenue SN25 |
Users, data moved, providers, countries. No $grafana.bringyour.com/stats · stats.json | None built | None |
| SN80 OpenRobotoRobotics model competition | Robotics | 2026$2.1B2035$3.1B Precedence · VMR |
$16.4M | No None found revenue model announced 22 Sep (Shift paid data collection, dataset sales); no customer claimed openroboto.ai |
No None found. Burn shown is UID recycle. taorevenue SN80 |
Leaderboards and submissions. No revenueleaderboard API · /competitions | None built | None |
| SN49 Nepher RoboticsSim-first robotics tournaments (NVIDIA Isaac); pair with SN80 | Robotics | 2026$2.1B2035$3.1B Precedence · VMR |
$6.2M | No None found Enterprise tier "live" 14 Sep, nothing sold on the evidence nepher.ai · @nepher_robotics 14 Sep (Enterprise live) |
Claimed Dead-page claim: 100% of winner-model sales to buybacks. Owner buys 0; burn is UID recycle. ~$1M owner alpha accumulation in Aug was price support, not buyback. taorevenue SN49 · taostats SN49 |
Tournaments and fees. No revenuetournament API docs · enterprise/stats | None built | None |
| SN105 BeamProof-of-bandwidth data transfer | Storage & network | 2026$30.6B2035$164B WMR · Precedence |
$4.2M | No None found none claimed b1m.ai |
No None. No owner buys, no burn. taorevenue SN105 |
Tasks and workers; figures look like placeholdersdata.b1m.ai · /api/dashboard/metrics | None built | None |
| SN107 MinosGenomics variant calling (winner-take-all) | Science | 2026$16.4B2035$33.5B Towards Healthcare · SNS |
$21.2M | No None found pre-revenue per team and SubConnect subnetalpha profile · docs.theminos.ai |
Claimed "Revenue-funded alpha purchases" planned only. Burn shown is UID recycle. taorevenue SN107 · bittensor.ai SN107 |
Evaluations and miners. No revenuetheminos.ai/dashboard · MCP tools | None built | None |
| SN68 NOVA (Metanova)AI drug discovery — molecule & nanobody screening | Science | $25.5M | No None found 0 of 64 paid submission slots used; no named customer metanova-labs.ai/partnerships · submission quote 0/64 · Submission-Archive |
No None. Burn set to 0 on 24 Jun; the earlier "burn" was weight to the owner's hotkey. Winners paid off-chain. Owner is a net seller. SN68 investment brief · nova weights.py + config.yaml · taorevenue SN68 |
Molecules and competitions. No revenuemetanova-labs.ai/dashboard · blueprint-api docs | None built | −$64,863 | |
| SN95 ActualPrivate inference on consumer hardware (Actual Computer Inc.) | Compute & inference | 2026$118B2030$254B GVR |
$30.4M | No None found no pricing or customers; pre-revenue actual.inc · bittensor.ai SN95 (Revenue/Recycle: inactive) |
No None. Burn is 100% of miner emission to a burn UID: no miner paid, nothing served yet. taorevenue SN95 |
None; model list onlymodels.actual.inc/index.json | None built | None |
| SN71 LeadpoetB2B sales intelligence (Arena: daily AI sales-agent competition) | Sales & marketing | 2026$4.9B2034$12.4B Fortune |
$5.2M | Yes Customers, no figure paying customers named by type only; SubConnect $30K/yr; "$1M run-rate" unsourced @LeadpoetAI 23 Jul · @LeadpoetAI 29 Jul (Dropbox) · @LeadpoetAI 8 Sep |
Claimed Planned (SubConnect); "a unit of alpha burned per use" claimed, no transaction. Burn shown is UID recycle (team-verified). taorevenue SN71 (✓) · bittensor.ai SN71 |
Contest rounds; price listcompetition API · leadpoet.com/pricing | None built | Noneteam-verified ✓ |
| SN17 404-GENText-to-3D assets (Unity / Blender / Unreal plugins) | Media & 3D | 2026$2B2036$12.8B Meticulous · BRI |
$8.2M | Claimed Customers, no figure Square Enix and AAA studios claimed (Opentensor, 13 Aug 2026); Studio sells Stripe credits; no figure Opentensor, 13 Aug (Atlas launch) · gen.404.xyz Studio (Stripe credits) · 404.xyz/plugin (free) |
No None. Owner buys and burn both 0 (team-verified). taorevenue SN17 (✓) · bittensor.ai SN17 |
Task counts since last restart. No $api-eu.404.xyz/metrics · gen.404.xyz | None built | Noneteam-verified ✓ |
| SN114 SOMAPrompt/context compression, sold as discounted inference resale (Dendrite) | Compute & inference | 2026$118B2030$254B GVR |
$12.7M | No None found no revenue or usage figure (16 Sep) thesoma.ai · dossier SN114, 2026-09-16 |
No None found (site, X). No burn. The "SOMA Lock Program" is a lock, not a buyback. taorevenue SN114 · taostats SN114 · SOMA incentive mechanism |
None public yetthesoma.ai · DendriteHQ/SOMA | None built | None |
| SN81 ReliquaryDecentralised RL post-training (GRPO): miners generate verified rollout groups; SFT data generation added 24 Sep | Model training | 2026$12B2034$86.2B TrendX |
$4.9M | No None found early access only, no price or customer (30 Sep) reliqua.ai · reliquadotai/reliquary · @0xgrizzz early access, 30 Sep |
No None found or claimed. Burn shown is unused auction-slot emission to the owner's UID, not a buyback. taorevenue SN81 · taostats SN81 · constants.py UID_BURN |
Auction leaderboard, training records. No revenuereliqua.ai/dashboard · /ledger | None built | None |
Fund-call figures and the SubConnect index have no public link; transcripts are archived in Research/Meetings/ and the report at Research/SubConnect-Bittensor-Revenue-Index-V2.pdf. "Owner alpha buys" is net alpha bought by the subnet-owner coldkey — a buyback from an unregistered wallet is invisible there, so 0 is evidence against, not proof: Engy and Almanac buy from wallets other than the owner coldkey, and their own ledgers (Dashboard column) show buybacks this column cannot see. Burn mixes UID recycle with buy-and-burn; the evidence column says which.