Bittensor's TAO plunged 25.6% after major subnet operator Covenant AI exited the network over centralization concerns. The move erased nearly $900 million in market cap and pushed technical indicators into bearish territory.
Bittensor’s TAO token plunged 25.6% after major subnet operator Covenant AI exited the network, citing centralization concerns. The selloff erased nearly $900 million in market value and intensified scrutiny over Bittensor’s governance model.
Bittensor’s TAO plunged over 25% after Covenant AI, a major subnet operator, exited the network citing centralization concerns. The move wiped nearly $900 million off market cap and raised fresh questions about Bittensor’s governance and near-term price outlook.
TAO fell more than 25% after major subnet operator Covenant AI exited Bittensor, citing centralization concerns. The selloff wiped nearly $900 million from market cap and raised fresh questions about governance, ecosystem stability, and TAO’s near-term price outlook.
Bittensor's TAO plunged over 25% after major subnet operator Covenant AI exited the network, citing centralization concerns. The sell-off erased nearly $900 million in market value and raised fresh questions over governance risks.
Bittensor's TAO surges 90% in March, pushing subnet valuations near $1.5B. This article reviews 10 key subnets across AI training, storage, trading, pharma, and more, highlighting their rapid growth and real revenue potential.
Bittensor has evolved into a network of 128 specialized subnets, each focusing on a distinct AI task such as text generation, data verification, or compute services. Miners and validators compete within each subnet, with rewards governed by Yuma Consensus. The Dynamic TAO upgrade introduced subnet-level alpha tokens that reflect local demand, while TAO remains the foundational asset for staking, subnet creation, and network security. This article explains how subnets work, their tokenomics, the current ecosystem landscape in 2026, notable subnet examples (SN4 Targon, SN3 Templar, SN46 Resi), and answers common questions about buying alpha tokens and network governance. Understanding Bittensor as a market of markets is key to grasping its potential in decentralized AI.
