- •OpenTensor Foundation resumes subnet registration with a limit of 128.
- •Enhances competition and subnet quality.
- •TAO demand expected to increase significantly.
The OpenTensor Foundation has reinstated Bittensor's subnet registration mechanism, capping at 128 subnets with a four-month immunity period, sparked a new competitive drive as of October 16th.
This update seeks to enhance subnet quality and competition, potentially increasing demand for TAO tokens amid heightened competition for subnet registration slots.
Bittensor's Revamped Subnet Competition Strategy
Bittensor has restored the subnet registration and deregistration mechanism, capping subnets at 128. This update, driven by the OpenTensor Foundation, aims to replace lower‑performing subnets with new, competitive teams. New subnets will enjoy a four‑month immunity period. The adjustment is intended to promote robust competition among subnet teams, encouraging them to excel or make room for more deserving counterparts. This move could elevate project quality. The Bittensor community has seen heightened activity on platforms like Discord, though no major statements have been issued by chief figures. Participants are actively engaging with the updates.
Bittensor (TAO) is currently priced at $393.07 with a 24‑hour trading volume of $479,028,439, reflecting a -49.96% change. Its market cap stands at $3.97 billion, and the price has moved by -15.35% in 24 hours. Circulating supply is 10,098,596.72 TAO, as reported by CoinMarketCap. Coincu research suggests potential financial impacts from increasing demand for TAO, as teams stake tokens to secure subnet slots. Regulatory commentary remains sparse, but technological outcomes may push subnet‑related tokens to new exposure levels.
"The recent updates are aimed to increase competition among subnet teams, potentially raising demand for TAO as teams stake and compete for the 128 slots." — Source (const, Senior Developer, Bittensor)
TAO Price Dynamics and Expert Analysis
Did you know? Throughout previous expansions, Bittensor experienced a significant trading volume surge. Market dynamics indicate that well‑timed updates have historically triggered interest and price movements in TAO.
Bittensor (TAO) is currently priced at $393.07 with a 24‑hour trading volume of $479,028,439, reflecting a -49.96% change. Its market cap stands at $3.97 billion, and the price has moved by -15.35% in 24 hours. Circulating supply is 10,098,596.72 TAO, as reported by CoinMarketCap. Coincu research suggests potential financial impacts from increasing demand for TAO, as teams stake tokens to secure subnet slots. Regulatory commentary remains sparse, but technological outcomes may push subnet‑related tokens to new exposure levels.
Participants are actively engaging with the updates.