SubnetStats

The leading Bittensor subnet intelligence platform. Comprehensive analytics for TAO subnets at

[SubnetStats @SubnetStats]

Bittensor analytics tell you what happened.

They don't tell you WHO did it.

Today we're launching the rebuilt SubnetStats — every buyer and seller on all 128 subnets, named against the metagraph.

Who's on the other side of your trade? 🧵

[SubnetStats @SubnetStats]

@MasterChief_AI We have that kind of data here. https://t.co/lSxzoUiSHg

[SubnetStats @SubnetStats]

Three top-20 subnets fell hard this week.

Engy (SN53) −19%: −5,701 τ of net selling across 438 wallets. The top 3 were only 22% of it. Broad selling, not a whale.

SN68 −13%: the top 3 sellers were 57% of the outflow.

SN3 −9%: the top 3 were 56%, including one 1,409 τ sale.

bittensor:native

[SubnetStats @SubnetStats]

Supply and demand in play: @lium_io now supported by trader inflows, outpacing its protocol chain buys and miner outflows. Lending could accentuate this dynamic.

bittensor:native

[Shizzy @ShizzyUnchained]

What happens to $LIUM when miners no longer have to dump their alpha just to keep the lights on?

One miner sold 12,947 SN51 alpha in just 30 days.

Now imagine that sell pressure being replaced with borrowing against staked alpha.

@MentatLend_ could fundamentally change the economics of Bittensor mining.
This is bigger than lending. This could change how capital moves across the entire bittensor:native ecosystem.

[SubnetStats @SubnetStats]

One wallet, 5DJons, sold three subnets in 15 minutes on Oct 21:
13:48 engy 1,394 τ
13:56 SN68 673 τ
14:03 SN66 482 τ

One trade each. SN66 was its whole position; it still holds about 3k τ across engy and SN68.

[SubnetStats @SubnetStats]

Method: 13,400+ subnet posts classified by impact; 1,520 high-impact events matched to 1-minute prices. Subnets with 15+ such events only.

[SubnetStats @SubnetStats]

Whose news actually moves price?

Average move in the 60 min after a high-impact post (Sep '25–Oct '26):
SN71 Leadpoet +4.18%
SN105 Beam +2.30%
SN118 Ditto +2.10%
SN62 Ridges +1.91%
SN60 Bitsecai +1.82%

Network average: +0.84%.
bittensor:native

[SubnetStats @SubnetStats]

@LeadpoetAI @b1m_ai @heydittoai @ridges_ai @bitsecai your announcements land harder than almost anyone's in the network.

It persists, too: subnets that reacted most to early news kept reacting most later (rank correlation 0.45).

[SubnetStats @SubnetStats]

Holding 0.10 τ for months has happened, but only in dTAO's first year:
SN64 Chutes: launch to Sep 18, 2025 (~7 months)
SN4 Targon: 103 days
SN8 Vanta: 84 days

Breaking back above it is a different story. Among today's top 50, there have been 8 fresh breaks. All 8 fell back below, and 7 of 8 trailed the median subnet over the next 90 days.

The one exception was SN51's own break in April 2025: 24 days above the line.

[SubnetStats @SubnetStats]

@lium_io (SN51) closed above 0.10 τ for the first time since May 2025, and it's up 150% from its March low.

It's the only subnet above that line today. Since September 2025, no subnet has held it for longer than 20 days.

bittensor:native

[SubnetStats @SubnetStats]

Smart money moved first this week. In both directions.

The 200 most profitable wallets on Bittensor supplied 92% of SN39's net inflow (+21.8% on the week) and 91% of SN55's net outflow (−10.7%).

Same cohort. Opposite sides of the tape.

$TAO

[SubnetStats @SubnetStats]

SN80 topping our heat score (7.5x).

99% of holders in profit.

Smart Wallet Score: -3.3%

Our data lets you connect the dots.

[SubnetStats @SubnetStats]

SN28 @say_gm_ seeing buying from all cohorts today, driven in part by a rotation from SN53.

Data here: https://t.co/lSxzoUiSHg

[SubnetStats @SubnetStats]

@Jemmy_AI @DrocksAlex2 No staking rewards in this analysis.

[SubnetStats @SubnetStats]

On SN61 RedTeam, 98% of tracked holders are sitting in profit. On SN28 gm, 96%.

Our own testing says that's a yellow light, not a green one. Crowded winners underperformed the following week.

Everyone being right is what a crowded trade looks like.

[SubnetStats @SubnetStats]

@DrocksAlex2 ~10% in profit

[SubnetStats @SubnetStats]

Review the data yourself 👇
https://t.co/DDSPQpgtLR

[SubnetStats @SubnetStats]

Our heat metric correctly signaled underperformance for several bittensor:native subnets this week.

It's one of our strongest indicators: high heat scores preceded underperformance in our backtests.

See it yourself
https://t.co/DDSPQpgtLR

[SubnetStats @SubnetStats]

On the median Bittensor subnet, 30 of the 100 biggest holders are gone a month later.

Not shrunk, gone. 89% of them dropped out of the top 600 entirely.

35 subnets kept fewer than 60.

It takes a daily record of who held what to see this.

https://t.co/lSxzoUiSHg

[SubnetStats @SubnetStats]

On the median subnet, the top 1% of holders control 27.5% of the entire alpha supply.

On 19 subnets it's above 40%. The most concentrated is 55%.

Emissions get distributed. Ownership doesn't.
https://t.co/EYrYbTrWKp