Consultancy and Incubation for Bittensor $TAO Subnets

Bittensor
Joined September 2025
Today, we're releasing the first SubConnect Bittensor Revenue Index. Over the past months, we've been researching one of the most important, yet surprisingly difficult questions to answer within Bittensor: Which $TAO subnets are actually generating revenue? How much and are they doing revenue generated Alpha buys? The results show an ecosystem that is further into commercialization than many realize. Bittensor's first chapter was about proving decentralized competition could produce valuable intelligence. The next chapter is about turning that intelligence into products customers are willing to pay for. And as more of that external revenue flows back into Alpha, the economics of the network begin to change with it. From emissions to revenue, the transition has begun. ↓ The SubConnect Bittensor Revenue Index: Volume I
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The Bittensor $TAO ecosystem weekly update Vol.32 Never a dull moment in the bittensor ecosysytem A 🧵
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A lot of subnets already using eTAO to change the split, Vanta is an interesting example
Goodbye owner emissions, and thank you for the support. We've moved to 0% owner, 50% validator, 50% miner splits. We believe removing owner emissions is part of a subnet’s maturation. Once you’ve built a stable & fair incentive mechanism, you can compete within it yourself. That’s where we are with SN8. Anyone can provide trading intelligence to the network through an individual miner or an entity miner. We’ll compete by running an entity miner, and we see that as our future. Individual miners earn alpha for the PnL they contribute to the network. Entity miners, including prop firms, earn through profit splits with the traders they fund, with the shared goal of producing the network’s best risk-adjusted PnL. We’ll keep building SN8 without owner emissions. APY from our existing holdings will fund subnet features and improvements. We’ll rely on mining emissions and Vanta Trading’s ability to compete to fund our continued growth on VT. As we have in the past, we’ll use specific wallets for Vanta Trading sales and any owner emissions, so the associated spending is easy to track. Our goal is to grow the network to thousands of miners. We built SN8 to be more than a network where we’re the main competitor. There are many individual miners and entities already running on the network. With Null Consensus, we want to grow that exponentially. More miners will be able to join with the right rails, making it simpler to get started: USDC in, miner running. As more miners join, we expect more network weight to flow to miners, bringing more trading intelligence and creating more capacity to meet demand for funding. That demand can generate further revenue for the subnet through copy trading. We see this as the natural progression of a subnet, and believe SN8 is ready to begin that transition. It may take time, and there may be hiccups along the way. Our expectation is that, gradually, miners will receive 100% of the network’s weight. We’re starting that transition by moving our own owner to provide a bigger split to miners & our holders.
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Thats it for this week, hope to see you again next week. If we missed anything, let us know. Follow us, @WeAreSubConnect, for everything related to the $TAO ecosystem. Enjoy your sunday
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