Bittensor (TAO) has experienced a meteoric rise of over 100% this March, skyrocketing from a humble $180 to a jaw-dropping $330. Apparently, when you throw enough subnets at the wall, some of them actually stick.
In what can only be described as an enthusiastic game of digital leapfrog, the decentralized AI protocol’s subnet count jumped from around 80 to more than 120 in just a year. CoinGecko reports that the Bittensor Subnets category now boasts a market capitalization greater than $1.4 billion, which is an impressive feat considering my last attempt to capitalize on a market was buying a dozen lottery tickets.
Almost all the subnet tokens are merrily dancing their way to positive monthly returns-because who doesn’t love a little financial validation? Among these, three subnets have managed to attract the attention of industry giants, proving once again that if you want to be popular, just hang out with the cool kids.
During a recent episode of the All-In Podcast, NVIDIA CEO Jensen Huang casually dropped the name of Bittensor’s Covenant-72B model, as if discussing his favorite ice cream flavor. Subnet 3 (Templar) trained this model in a fully permissionless, decentralized manner, which sounds like something I would say after binge-watching too many tech documentaries.
On the @theallinpod this week, @chamath asked @nvidia CEO Jensen Huang about decentralized AI training, calling our Covenant-72B run “a pretty crazy technical accomplishment.”
One correction: it’s 72 billion parameters, not four. Trained permissionlessly across 70+ contributors…
– templar (@tplr_ai) March 19, 2026
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Meanwhile, Subnet Chutes (SN64) is also making headlines, breaking revenue records with a reported income of $22,000 per day. I can only assume they’re selling lemonade at a very high markup.
Indeed, the decrease a few days ago looked bad on the surface, but this is the “why”: preparation to ramp up paygo usage. Like pulling back a slingshot.
~$22k/day rev currently, 10m ARR pace just a breath away, then…
– Jon Durbin (@jon_durbin) March 26, 2026
Lastly, Manifold Labs-those wizards behind the Bittensor-based compute platform Targon-have teamed up with Intel to release a technical white paper titled “Decentralized Compute on Untrusted Hardware Using Intel® TDX and Encrypted CVMs.” Quite the mouthful, isn’t it? Sounds like a spell from a particularly nerdy Harry Potter book.
“The proposed system offers enhanced security assurances, transparent cost structures, and democratized access to enterprise-grade secure compute capabilities, paving the way for a more open, secure, and equitable foundation for next-generation AI development,” the paper reads. If only my bank offered such assurances.
Advancing confidential computing for a more secure AI future.
Together with @manifoldlabs, we’re exploring how Intel TDX and Intel Trust Authority help enable confidential workloads across decentralized infrastructure, including @TargonCompute’s Targon Cloud platform-protecting…
– Intel (@intel) March 24, 2026
Thus, Bittensor’s March rally is not just a flash in the pan; it reflects a network moving beyond mere speculation. With NVIDIA’s CEO lending his endorsement, subnets generating actual revenue, and a partnership with Intel, TAO’s ecosystem appears to be luring in institutional validation. Who knew the world of decentralized AI could be so thrilling? It’s like watching paint dry, but with a hint of excitement.
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2026-03-27 11:22