Bittensor (TAO) has rallied strongly, and capital is spilling into its ecosystem, pushing subnet token valuations to roughly 1.4–1.5 billion dollars.
TAO has more than doubled from recent lows, while subnet token valuations have climbed to around 1.37–1.5 billion dollars on the back of AI and ETF-driven interest.
This move reflects growing attention to Bittensor’s AI subnets and programmable mining model, but much of the subnet value is still backed by token subsidies, not organic revenue.
Sustainability hinges on whether real demand for AI services grows before subsidies shrink further, so metrics like subnet usage, miner profitability, and future halvings are key to watch.