Recently, the Bittensor network underwent a significant transformation, with its Dynamic TAO ( dTAO) upgrade officially landing on February 13, 2025. This upgrade completely changed the network's governance model, shifting from centralization to a market-driven decentralization resource allocation mechanism. After the upgrade, each subnet has its own independent alpha Token, allowing TAO holders to freely choose investment targets based on their judgment, which greatly promotes the discovery process of real market value.

The performance of the upgraded data is remarkable. In just a few months, the number of active Bittensor subnets surged from 32 to 118, with a growth rate of 269%. These subnets cover all aspects of the AI industry, from basic text reasoning and image generation to cutting-edge protein folding and quantitative trading, creating the most comprehensive decentralized AI ecosystem to date.
The market performance is equally impressive. The total market value of the top subnets surged from 4 million dollars before the upgrade to 690 million dollars, with a stable annual staking yield maintained at 16-19%. The network adopted an incentive distribution mechanism based on market-oriented TAO staking rates, with the top 10 subnets accounting for 51.76% of network emissions, fully reflecting the principle of survival of the fittest in the market.
In the core subnet, @chutes_ai (SN6) stands out particularly. This subnet focuses on efficient data processing and analysis, playing a key role in the Bittensor ecosystem. With the continuous advancement of AI technology, specialized subnets like @chutes_ai will play an increasingly important role in future developments.
The recent upgrade of Bittensor not only brought technological advancements but, more importantly, paved the way for the healthy development of a decentralized AI ecosystem. By introducing market-driven mechanisms, the Bittensor network has sparked unprecedented innovative vitality, providing a broad stage for the diverse applications of AI technology.
With the addition of more innovative projects and the continuous optimization of existing subnets, we have reason to believe that the Bittensor ecosystem will continue to maintain strong growth momentum and occupy a leading position in the field of decentralized AI. This dTAO upgrade is undoubtedly an important milestone in the development of Bittensor, as it not only changes the way the network operates but also points the way forward for the entire decentralized AI industry.