The Bittensor network has grown significantly in the last year, experiencing a rapid increase in both new participants and overall activity.
Over the last year, the total value of TAO tokens staked on subnets has grown dramatically, jumping from around $74,400 to over $620 million, an increase of about 833,000%, as reported by CryptoRank.
Subnet Ecosystem Expansion Accelerates
The recent surge in activity shows increasing investor enthusiasm for participating in subnets, which are essential to Bittensor’s decentralized AI system. This network expansion is also evident in the growing number of subnets themselves.
The number of subnets has increased from approximately 80 to over 120 recently. Several of these subnets performed very well last month, with Templar seeing the highest growth at 171%, followed by Quasar at 146%, NOVA at 66%, Targon at 36%, and iota at 29%.
CoinGecko reports that the total value of all Bittensor subnet coins has surpassed $1.5 billion. Over the last month, the price of every subnet token they track has increased.
Even though staking has recently become more popular, the majority of TAO tokens aren’t being used in subnets. According to Mark Jeffrey, a partner at Bittensor Fund and Stillcore Capital, only 19% of TAO is staked within subnets, with about 48% remaining in the Root network.
He believes that once a subnet reaches a value of over $1 billion, people who currently hold Root tokens will likely start investing heavily in Subnets. He predicts that even without any additional TAO being purchased, Subnets could increase in value by three to four times simply due to this increased demand.
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TAO Outperforms the Crypto Market
As the overall network grows, TAO has been steadily increasing in value since the beginning of March. According to BeInCrypto, the cryptocurrency’s price went above $300 after Nvidia’s CEO, Jensen Huang, mentioned the Covenant-72B model while on the All-In Podcast.
Despite a recent price decrease, TAO has been trending upward this week. This increase was fueled by strong, long-term demand and intensified by traders who were forced to buy to cover their short positions.
The asset has posted gains of over 20% in the past week, outperforming the broader crypto market.
TAO has seen a significant increase in value, rising almost 11% in the last 24 hours. This makes it one of the best-performing cryptocurrencies in the top 100 based on its market size. Currently, TAO is trading at approximately $339, a price it hasn’t reached since November 2025.
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2026-03-25 11:13