Chainspect tracks the most-used blockchains by real-time TPS.
Last week's top 4:
1. ICP: 1,325 tx/s
2. Solana: 1,052 tx/s
3. Fogo: 282.8 tx/s
4. BNB Chain: 185.6 tx/s
Qubic isn't on the list. But the last epoch tells a different story. 🧵
This is happening before the second halving in August. Before the Solana bridge goes live. Before the new fiat on-ramps and exchange listings land. Before the AGI-26 paper cycle plays out.
270 tx/s sustained is the floor, what happens when the ceiling moves?
https://t.co/iraoQzYrdR
$TAO just got validated by a Big Four firm.
PwC France partnered with @webuildscore on Bittensor's Subnet 44. That's not a crypto collab. That's institutional adoption.
When firms like PwC start building on decentralized AI, the signal is clear. $TAO 🔥
This is what real adoption looks like
The beauty of this partnership is that it’s not just one partnership.
When PwC starts offering Manako, built by $TAO subnet 44 Score, to its clients, you’re not looking at a single deal.
You’re looking at distribution at scale.
PwC is one of the Big Four, they work with some of the largest companies in the world. Now imagine how many of those companies are operating cameras.
From retail to logistics to manufacturing to nfrastructure and many more.
All of them sitting on massive amounts of unused data.
And now they’re being introduced to a system that can actually turn that into real-time intelligence and action.
A lot of people still underestimate what’s happening here, this isn’t just another AI product.
This is infrastructure that plugs directly into the real world.
All the cameras are already there.
What didn’t exist was a system that could understand it and act on it in real time.
That’s what Manako is building.
And it’s powered by Bittensor.
This is why we’re so bullish on $TAO. Because this is where everything comes together.
A problem, solved by a product that just got a significant distribution pipeline.
And underneath it, a subnet that captures that value.
If this gets rolled out across even a fraction of PwC’s network, you’re talking about adoption at scale.
And once that starts, things tend to move fast.
Because now significant value is coming from outside the ecosystem.
Enterprises paying for better operations, better decisions, less loss and more efficiency.
1⃣ That demand flows into the product.
2⃣ The product is powered by the subnet.
3⃣ And the subnet sits inside the $TAO economy.
That’s the flywheel.
We’ve been in crypto long enough to know how rare this is.
Most projects never get here.
They don’t have the product, nor the distribution or a system that can actually capture the value.
This has all three.
And when that happens, it usually doesn’t stay unnoticed for long.
This is one of those moments where everything just clicks.
And honestly, it doesn’t get much better than this.
$TAO
I am not going to sugarcoat this. Last night hurt $TAO & Subnet holders
The founder of Covenant AI decided to cash out of SN3, SN39, and SN81, dumped roughly 37,000 $TAO worth of subnet Alpha on the way out, and cratered prices across the board. $TAO dropped as much as 27%. Nearly $900 million in market cap wiped. $9 million in longs liquidated. Alpha holders on those subnets got absolutely crushed.
I was one of them. I lost a significant amount from this. That is the reality and I am not going to pretend otherwise.
But I am still here. And I am still buying. Let me tell you why.
First, let me be clear about what actually happened. A subnet owner got into a disagreement with Const, got upset, and used it as an excuse to dump his bags on the people who trusted him. That is it. That is the whole story. He dressed it up as a principled stand against centralized governance but the man sold 37,000 $TAO worth of Alpha on his own community while posting a manifesto. That is a rug plain and simple.
Const responded within the hour. Publicly. On chain. With a solution.
Some people are acting like Bittensor died last night. It did not. Let me show you what actually happened in the hours after the dump.
Const proposed lock-based subnet ownership where ownership of a subnet is determined by a team's long-term economic commitment to the project. Not by who registered first. Not by who controls the keys. By who has skin in the game over time. Investors would see in advance if an owner unlocked their tokens. The market could reprice the subnet before the owner dumps. And conviction could be directed to another team or even an agent to manage the system.
If implemented, this would be the most significant governance upgrade since dTAO launched. And it came within hours. Not weeks. Not after a committee meeting. Within hours.
That is what this network does. It finds its weak spots and it fixes them. Fast.
@MacrocosmosAI posted: "Bittensor always emerges stronger from pain. Hacks, exploits, disagreements all fade into the history of this protocol. The flame of distributed training continues to burn brightly. One individual does not make a nation."
@jon_durbin from Chutes: "Chutes is and always will be a Bittensor project. Chutes is Bittensor and Bittensor is Chutes."
@MaxScore from Score: "Score is and always will be a Bittensor project. Score is Bittensor and Bittensor is Score."
Loayei: "Don't care about the drama. Will continue building $TAO."
@TroyQuasar from Quasar called it what it was. He said it was bullshit, that no one is bigger than the network, and that Quasar will take it from here.
The builders did not leave. The builders doubled down within hours. Publicly. On record.
@markjeffrey put it simply: "Bittensor is quite a LOT more than Subnet 3, and $TAO will carry on fine without it. There are 125 other subnets plus three new slots that just freed up."
Three new subnet slots just opened. While people were panic selling, builders were already eyeing the open seats.
@SiamKidd gave the most grounded take. He acknowledged the drama, acknowledged that Sam's governance concerns were not entirely wrong, but made the point that Const's motives have always been genuine. This is growth. This is what permissionless systems look like when they encounter stress. They break in specific places, they get patched, and they come back harder.
This is not the first time something like this has happened on Bittensor. It is not even the second time. Nous Research left the ecosystem before. And what happened? The network adapted, subnets evolved, and the protocol kept building. Every previous inflection point led to upgrades that made the system stronger.
Covenant-72B was real. The training was real.
Fundamentals haven’t changed:
21M hard cap, halving complete, 68% staked, nine institutional products accumulating, Grayscale ETF pending.
$TAO just went on sale at a 27% discount.
Builders keep building.
I’m buying this dip.
$TAO
With all the noise around $TAO lately..
It's probably a good time for people to watch the latest #bittensor documentary
The Incentive Layer 👉 https://t.co/UjGRrKjP47
Its under 1 hour of your time.. and you’ll come away with a much clearer picture of what’s actually being built
$TAO