Bittensor Subnets Hit $550M Valuation as Covenant-72B Marks Decentralized AI Milestone

TLDR: Bittensor’s top 10 subnets reached a combined $550M valuation, reflecting strong ecosystem growth. Templar SN3 finished Covenant-72B using 72B parameters and 1.1T tokens without any central cluster. TAO token demand rises directly with subnet activity, as purchasing subnet tokens requires TAO first. Grayscale’s ETF filing and Jensen Huang’s comments signal rising institutional interest in [...]

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