Bittensor will experience its first token halving event on December 14, 2025. The decentralized AI network launched in 2021 and has reached the end of its inaugural four-year cycle.
Bittensor (TAO) Price
The halving will reduce daily TAO token issuance from 7,200 to 3,600. This represents a 50% cut in new tokens entering circulation.
Bittensor operates as an open-source machine-learning network. The platform uses specialized subnets that create marketplaces for AI services.
The network currently has 129 active subnets. These subnets provide various AI services including compute, data storage, AI agents, and deepfake detection.
TAO follows a supply schedule similar to Bitcoin. The token has a fixed supply cap of 21 million tokens total.
The combined market cap of Bittensor subnets has reached approximately $3 billion according to Taostats. CoinGecko lists over 100 subnets with a combined market cap exceeding $850 million.
The largest subnets include Chutes, which provides serverless compute for AI models. Ridges is another major subnet focused on crowdsourcing AI agent development.
Grayscale Research describes the subnets as operating like startups building specialized products. Each subnet functions independently while contributing to the broader network.
In February 2025, Bittensor launched dynamic TAO (dTAO). This mechanism made individual subnets directly investible by users and institutions.
Multiple institutional investors have entered the Bittensor ecosystem. Yuma Asset Management and Stillcore Capital have both launched funds investing in top Bittensor subnets.
Three public companies have established dedicated TAO treasuries. TAO Synergies currently holds about $12 million worth of TAO tokens.
Inference Labs recently closed a $6.3 million funding round. The capital will support Subnet 2, a marketplace for inference verification.
xTao began trading on the TSX Venture Exchange in July 2025. The infrastructure developer builds tools and services for the Bittensor ecosystem.
The halving event marks the completion of Bittensor’s first four-year cycle since its 2021 launch.
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