RVCrypto

Trying to add some value while learning out loud.

I like Utility.

Building @WeAreSubConnect

[RVCrypto @RvCrypto]

If you're thinking about building a subnet on Bittensor, feel free to reach out.

Always happy to chat.

$TAO

[SubConnect @WeAreSubConnect]

It's been almost a month since we launched our first subnet incubation: Endure, $TAO subnet 30.

The response has been great and it confirmed something we've believed for a while:

There are a lot of talented builders looking at Bittensor.

Incubation is something we definitely want to do more of.

We've already had several promising conversations for the next subnet, but we're always interested in meeting exceptional teams.

That said, we're focused on quality over quantity.

We're not looking for teams that simply want to launch a subnet.

We're looking for teams with:

🔸 a clear incentive mechanism design
🔸 a clear path to revenue
🔸 a product that genuinely benefits from being built on Bittensor
🔸 a subnet design that strengthens the broader Bittensor ecosystem

We'd rather help build a handful of great subnets than dozens of average ones.

If that sounds like you, our DMs are always open.

[RVCrypto @RvCrypto]

Another big week in the $TAO ecosystem, lots of interesting and even surprising announcements.

Week after week the fundamentals keep getting better.

[SubConnect @WeAreSubConnect]

The Bittensor $TAO ecosystem weekly update Vol.34

October was a big month for subnets, lots of monthly updates in this thread.

A 🧵

[RVCrypto @RvCrypto]

@MaxSebti Haha playing a game of tag with you would be fun, I'll see the whole world 😂

[RVCrypto @RvCrypto]

@FabiusDefi @monosarin Appreciate the shout mate, happy to have you in the eco 🤝

[RVCrypto @RvCrypto]

@thecryptotyger @jcdiorr 🤝

[RVCrypto @RvCrypto]

@ForgeLending Is always liked earning more on Root

[RVCrypto @RvCrypto]

@Old_Samster @reaxlabs @IOTA_SN9 Accerlerate 🤝

[RVCrypto @RvCrypto]

@XiaoLeemx04 Lium, gm, engy, almanac, bitcast, kubertee, score all doing increasingly higher buybacks, and this is off the top of my head after just waking up.

[RVCrypto @RvCrypto]

Run the revenue numbers again and I'm really impressed by the $TAO ecosystem.

I expected $100M by EOY to be a very difficult target but I can really see it happening and even being crushed.

Exciting times.

Price will catchup in due time.

[SubConnect @WeAreSubConnect]

$35M → $50M → $70M.

Another month, another 40% MoM increase in annualized revenue across the Bittensor ecosystem.

When we published the first SubConnect Bittensor Revenue Index, we estimated that revenue-generating subnets were collectively doing around $35M in annualized revenue.

A month later, that number had grown to approximately $50M.

Today, we're estimating $70M in annualized revenue.

That's a 100% increase in just two months.

Of course, annualized revenue is a snapshot, and the real challenge is sustaining that growth while improving margins and reducing dependence on emissions, but the direction is clear.

Bittensor is growing from the inside out.

And our expectation of $100M+ in annualized revenue by the end of 2026 is getting closer.

We'll continue tracking the numbers every month through the SubConnect Bittensor Revenue Index.

[RVCrypto @RvCrypto]

There is so much cool stuff being build on Bittensor.

At some point the world is going to wake up.

[RVCrypto @RvCrypto]

@reaxlabs Congrats, this is pretty cool!

[RVCrypto @RvCrypto]

@ForgeLending @Bitcast_network Great partnership!

[Score @webuildscore]

███████████████████░ 95%

[RVCrypto @RvCrypto]

@webuildscore This is amazing

[RVCrypto @RvCrypto]

@MarsSmuff Few

[RVCrypto @RvCrypto]

Absolutely crazy market to be fair.

The only questions I have is is this the moment to start adding and if so, what do I buy? More $TAO and subnets potentially.

Recently sold an appartment so got some fiat in the bank.

[RVCrypto @RvCrypto]

@Dat_Dude_Derek_ @engyai @totheagi This is great, thanks!

Up and to the right.

[RVCrypto @RvCrypto]

@webuildscore 🔥

[RVCrypto @RvCrypto]

@markjeffrey Sure need to listen to this one 🤝

[Forge @ForgeLending]

Don’t sell your Alpha. Borrow against it.

Score (SN44) Alpha will be one of the initial collaterals on Forge.

Mid-November.

[RVCrypto @RvCrypto]

@jill_kenney @sundaebar_ai Damn this is so real

[RVCrypto @RvCrypto]

@gavinzaentz Learned a lot reading this, very interesting.

And 4x'ing your ARR by using your own product shows its working I guess haha