Bittensor’s TAO subnet ecosystem is gaining attention for its strong performance despite market volatility. The market cap has significantly increased, and the total number of subnets has tripled over the past year, now totaling 95 on the network.
The top three subnet tokens—Chutes (SN 64), Gradients (SN 56), and Targon (SN 4)—have shown impressive monthly gains. While the momentum has slowed recently, the tokens' fundamentals and community support remain key factors.
Chutes is an AI compute subnet on Bittensor that offers tools for deploying AI models easily. Its price has surged by about 170% in the last month, reaching a market capitalization exceeding $100 million, though it has seen a slight decline recently.
Gradients subnet aims to make AI model training accessible to all, achieving gains of over 550% in the last month. Despite a recent correction, the community remains optimistic about its potential.
Targon, a decentralized infrastructure in the Bittensor network, focuses on supporting a marketplace for AI-related digital commodities. While it has seen less significant gains compared to other subnets, its role in enhancing AI interactions is recognized.
As the interest in decentralized AI solutions grows, Bittensor's ecosystem is likely to expand. Monitoring the development of these subnets could present new opportunities in the decentralized AI market.