Bittensor subnet revenue reaches $32 million as adoption grows
Bittensor (TAO)
Editor:
Eugene Serbin
cryptocurrency.com.tr reports that Bittensor subnet operator revenue has grown from near zero to an estimated $32 million-plus over 18 months. This growth occurred as companies secured commercial implementation deals, according to Yuma chief revenue officer Evan Malanga. Malanga, who serves as chief revenue officer at Bittensor infrastructure, highlighted the significant increase in revenue. The data indicates that commercial adoption is driving the financial performance of the network's subnets.
How the market reacted
Whalio's own Binance spot order flow for TAO, measured when this story was written up on 29 September 2026. Not the outlet's figures.
TAO is currently trading at $308.20 with a 24-hour spot volume of $58,979,693. Over the last hour, the buy ratio stands at 51.9%, indicating a slight majority of buy-side pressure, while the 4-hour buy ratio is lower at 46.4%. This suggests that short-term buying momentum is stronger than the broader four-hour trend. The 1-hour volume delta is positive at +$51,261, whereas the 4-hour delta is negative at -$470,380, showing that recent trades are more aggressive than those over the past four hours. The 24-hour volume delta is +$605,781, and the cumulative volume delta (CVD) at the 24-hour close is +$142,212, confirming net buying pressure over the full day. Net buying occurred for 11 of the last 24 hours, with 247,440 trades executed.
The latest daily buy ratio of 49.6% sits at the 64th percentile of the last 322 days, against a median of 48.8% - ordinary for this coin.
Was that an ordinary day?
The same Binance spot measurements for TAO, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 50.1%, and today's ratio is 0.4 points higher, indicating a marginally more bullish sentiment than the weekly average. However, the 24-hour volume of $58,979,693 is 0.94 times the weekly average, suggesting slightly lower-than-average trading activity. The coin experienced a price change of -3.5% over the last eight days, with net buying occurring on only 3 of the past 7 days. The total volume delta for the 8-day period was +$2,547,141, contrasting with the single-day delta of +$605,781. This context suggests that while today shows slightly stronger buy ratios, the overall weekly trend remains mixed with lower volume and a price decline.