SwarmSN124 · Bittensor subnet

0.009131 τ$2.51

24H -1.53%7D -3.41%APR (simple) 37.48% · APY (compounded) 45.47%

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SN124, Swarm (α token 𑀁), is one of the independent markets on the Bittensor network, each with its own α token and its own price. Its α currently trades at 0.009131 τ (≈ $2.51), against 12,070 τ of pool liquidity. On-chain, the best-delegated validator on it yields about 37.48% APR (simple) and 45.47% APY (compounded), emissions add 0.001498 τ to the pool each block, epochs run every 360 blocks. It was registered at block #5,813,454.

The complete guide to SN124 Swarm — every figure explained →

New to subnets? What a subnet is · How to use Taosis

Website ↗GitHub ↗

Price

0.009131 τ

$2.51

APR (simple)

37.48%

APY (compounded)

45.47%

EMA price

0.009189 τ

TAO in pool

12,070 τ

α in pool

1,321,851 α

α staked out

3,677,966 α

Vol 24h (indexed)

—

Market cap

37,701 τ

$10.4M

FDV

192,970 τ

$53.1M

Holders

1,251

Miners

Market activity · last 24 h

τ in 24h

—

τ out 24h

—

Volume vs prior 24h

—

Turnover 24h

—

Trading 24h

Buys: —
Sells: —
Buyers: —
Sellers: —

Sell-off price

0.003212 τ

−64.82% vs spot

Sell-off value

7,822 τ

$2.2M

τ flows through the pool

TAO flow 24h (net staking)

−104.86 τ

over 7,211 blocks · −$28.9K

TAO flow 7d (net staking)

—

Net protocol flow 24h

+22.29 τ

+$6.1K

Emission captured 24h (measured)

—

Net basket flow 24h

—

TAO flow counts users only. Net protocol flow = emission captured + net basket flow.

τ emission captured by this subnet · block 9,299,404

Injected into the pool

0.001498 τ

≈ 10.78 τ / day at current rate · $3.0K

Chain buys of α

0.002288 τ

≈ 16.47 τ / day at current rate · $4.5K

Total τ captured

0.003785 τ

≈ 27.25 τ / day at current rate · $7.5K

Share of τ emission

0.757%

Emission per day (current rate)

1.000000 α / block × 7,200

Leg	α / day	τ value / day	USD
Owner	1,296 α	11.83 τ	$3.3K
Miners	2,952 α	26.96 τ	$7.4K
Withheld from miners (owner's miner slots)	0.00 α	0.00 τ	$0.00
Validators	2,952 α	26.96 τ	$7.4K
of which root stakers	484.18 α	4.42 τ	$1.2K
Total	7,200 α	65.74 τ	$18.1K

Owner cut 18.00% · the chain pays root stakers their part · spot price 0.009131 τ. A rate restated per day, not a measured day.

Owner: 5HKYqfJrUFKYPMRFZZ7kfhUNEyHUbY2ZyEjQqKJf2RKVpeXM
Tempo: 360 blocks / epoch
Swap fee: 0.050% (chain AMM)

Owner selling

Net sold 7d

—

share of holdings: —

Net sold 30d

—

share of holdings: —

Transferred out 7d / 30d

— / —

Held

267,497 α

chain read at block 9,297,853, 16 Oct 2026 18:54 UTC

Registration

Registered: block 5,813,454
Registration lock: 79.31 τ
Age: 3,485,925 blocks (≈ 484 days)
Immunity: ended at block 6,245,454

Subnets dissolved before Sep 25, 2026 are not listed: the chain only holds the current subnet on each netuid.

Development (GitHub) · swarm-subnet/swarm @ main

View on GitHub ↗

Commits · 7 d: 0
Commits · 30 d: 20+
Last commit: 11d ago

Source: GitHub's public commits feed of the repository named in the subnet's on-chain identity · updated every 6 h · as of 16 Oct 2026 22:15 UTC

Data freshness

Pool flows & emission: block 9,299,404 · 17 Oct 2026 00:04 UTC (2m ago)
Holders: 17 Oct 2026 00:02 UTC (4m ago)
Holder P&L: block 9,297,871 · 16 Oct 2026 18:58 UTC (5h ago)
Owner holding: block 9,297,853 · 16 Oct 2026 18:54 UTC (5h ago)
Metagraph: 16 Oct 2026 23:07 UTC (59m ago)
Conviction: 16 Oct 2026 23:17 UTC (49m ago)
GitHub: 16 Oct 2026 22:15 UTC (1h ago)
Newest on-chain event: block 9,274,433 · 13 Oct 2026 12:50 UTC (3d ago)
TAO/USD (CoinGecko): 17 Oct 2026 00:04 UTC (2m ago)

#	Validator	Stake (α)	APR (simple)	APY (compounded)
1★	Arbos	420,412 α	37.48%	45.47%
2	tao.bot	255,333 α	37.64%	45.70%
3	5Dd8ga…GrWv	36,175 α	37.57%	45.61%
4	Tatsu	257 α	37.57%	45.61%
5	xTAO	25 α	37.57%	45.61%
6	Ventura Labs	20 α	37.57%	45.61%
7	88 Root	2 α	37.57%	45.60%
8	WinnerTAO	1 α	37.55%	45.56%
9	Datura	82,248 α	37.54%	45.55%
10	1T1B.AI	4,923 α	37.50%	45.49%
11	Ary van der Touw	9,518 α	37.39%	45.34%
12	Astrid	25 α	37.39%	45.34%
13	Kooltek68	15 α	37.06%	44.87%
14	TAO.app	3,768 α	35.70%	42.90%
15	Subnet Summer	3 α	35.69%	42.89%
16	Kusanagi	3,358 α	35.23%	42.23%
17	Kusanagi	942 α	35.06%	41.99%
18	Rizzo (Insured)	7,048 α	34.71%	41.49%
19	Cortex Foundαtion	24 α	34.48%	41.18%
20	NorthTensor	352 α	34.45%	41.12%
21	Bitstarter.ai	8 α	34.38%	41.03%
22	Taostats	518,473 α	34.19%	40.77%
23	TAO.com	29,157 α	34.19%	40.77%
24	Tensorplex Labs	6,680 α	34.19%	40.77%
25	Crucible Labs	2,713 α	34.19%	40.77%
26	TrustedStake	1,400 α	34.19%	40.77%
27	5HbScN…FZdT	683 α	34.19%	40.77%
28	FirstTensor.com	222 α	34.19%	40.77%
29	01Lamida, Inc.	24 α	34.19%	40.76%
30	Yuma, a DCG Company	84,234 α	34.16%	40.71%
31	tao5	4,223 α	34.06%	40.58%
32	Rizzo (Insured)	3,474 α	34.06%	40.57%
33	Neuralteq.com	437 α	34.03%	40.53%
34	WildSage Labs (RT21)	19 α	34.00%	40.49%
35	5HK1Ub…RJAK	3,249 α	33.51%	39.80%
36	5HK2LZ…YYXr	325 α	33.51%	39.80%
37	K8STAKE.AI	392 α	33.14%	39.29%
38	Kiln	8 α	33.14%	39.29%
39	Unknown	1 α	33.12%	39.26%
40	Firepool	138 α	30.88%	36.18%
41	Openτensor Foundaτion	25,231 α	30.81%	36.08%
42	General Tensor	7,742 α	30.81%	36.08%
43	General Tensor	4,133 α	30.81%	36.08%
44	5G1NjW…nChe	1,323 α	30.81%	36.08%
45	Subnet.ai	346 α	30.81%	36.08%
46	5G9mJM…423v	25 α	30.81%	36.08%
47	5H6yVW…nK62	11 α	30.81%	36.08%
48	5EByfp…JWs4	9 α	30.81%	36.08%
49	5GZPtU…Djmt	876,041 α	30.81%	36.08%
50	5DLQGc…RZJV	0 α	30.79%	36.06%
51	Yuma, a DCG Company	1,456 α	30.78%	36.04%
52	Openτensor Foundaτion	397 α	30.66%	35.88%
53	5FLoWC…Rv8m	11 α	30.52%	35.68%
54	5EqYds…oaUf	12 α	30.19%	35.25%
55	5CMg5y…Ai31	2,119 α	—	—

Showing 16 of 55.

Validators on this subnet — its permitted UIDs plus every hotkey the chain paid here, parents paid through child keys included — the default first, then by yield. Yields are last epoch's nominator dividends, in α. APR (simple) is one epoch's nominator return × epochs per year. APY (compounded) assumes the dividends, auto-staked every epoch, are never withdrawn: (1 + r)^epochs − 1. Both in α; the τ return also depends on the α price. Every validator →

Hyperparameters what they mean

Tempo: 360 blk
Immunity: 5,000 blk
Max validators: 64
UIDs: 256
Reg. burn: 0.5000 τ
Registration: open
Weights rate: 100 blk
Activity cutoff: 5,000
Commit-reveal: on (1)
Serving rate: 50
κ (kappa): 32767
ρ (rho): 10

Top 64 UIDs by reward
UID	Hotkey	Coldkey	Role	Stake α	Consensus	Incentive	Dividend	Emission	Axon	Reg. block
0	5GZPtUjy…Djmt	5HKYqf…peXM	validator	2,005,191	0.0%	0.0%	74.3%	109.723 α	161.97.67.36:8091	#5,813,454
254	5E2LP6En…eZ5u	5GsbTg…pZX9	validator	245,261	0.0%	0.0%	13.6%	20.093 α	—	#8,066,446
17	5CUrvYXe…rdCqinactive	5FR1py…t3Z2	miner	120	10.1%	10.1%	0.0%	14.969 α	—	#9,142,475
44	5CkHM4th…xXsninactive	5HBeTA…Xgoz	miner	0	7.7%	7.7%	0.0%	11.369 α	—	#9,131,242
13	5FpNDSKA…TjNWinactive	5FW684…xiDF	miner	98	7.4%	7.4%	0.0%	10.883 α	—	#9,179,018
46	5HKTeqtS…22ANinactive	5FW684…xiDF	miner	96	7.2%	7.2%	0.0%	10.653 α	—	#9,207,505
194	5CUwbDbx…PGun	5E9fVY…Yc5p	validator	85,690	0.0%	0.0%	7.1%	10.526 α	34.173.184.132:8091	#5,894,685
61	5EqgYs5X…YC3Ainactive	5HBeTA…Xgoz	miner	0	5.7%	5.7%	0.0%	8.478 α	—	#9,192,365
49	5CGS6rUa…QBD3inactive	5FR1py…t3Z2	miner	67	5.7%	5.7%	0.0%	8.396 α	—	#9,038,302
204	5HbiREzF…KDTLinactive	5GEHDS…T5Ny	miner	64	5.4%	5.4%	0.0%	8.039 α	—	#9,263,242
166	5CcpKgtJ…p3JKinactive	5HBeTA…Xgoz	miner	0	5.0%	5.0%	0.0%	7.444 α	—	#9,176,028
56	5D8ADfuU…pkScinactive	5CkxDv…fsku	miner	7	5.0%	5.0%	0.0%	7.413 α	—	#9,159,232
106	5EeHXrrm…wxsAinactive	5FR1py…t3Z2	miner	45	3.8%	3.8%	0.0%	5.627 α	—	#9,186,078
177	5F6zBK4S…rgcNinactive	5CkxDv…fsku	miner	6	3.8%	3.8%	0.0%	5.548 α	—	#9,030,962
184	5D5LfxXX…5yn4inactive	5HBeTA…Xgoz	miner	0	3.6%	3.6%	0.0%	5.335 α	—	#9,174,396
149	5FewXRzm…D4thinactive	5GEHDS…T5Ny	miner	42	3.5%	3.5%	0.0%	5.235 α	—	#9,167,311
205	5H9hpkfp…AwqAinactive	5FR1py…t3Z2	miner	42	3.5%	3.5%	0.0%	5.213 α	—	#9,124,269
24	5Cd2ffRi…vwa6inactive	5FR1py…t3Z2	miner	32	2.7%	2.7%	0.0%	3.999 α	—	#9,015,231
60	5CcCpSMF…4VZXinactive	5HBeTA…Xgoz	miner	0	2.6%	2.6%	0.0%	3.902 α	—	#9,189,166
55	5EPDQQL7…A51sinactive	5HBeTA…Xgoz	miner	0	2.5%	2.5%	0.0%	3.755 α	—	#9,154,246
10	5CMg5yeC…Ai31inactive	5DU34L…mDfY	validator	2,119	2.5%	2.5%	0.0%	3.641 α	—	#9,148,891
255	5GgJwVaz…6zFcinactive	5CkxDv…fsku	miner	3	2.4%	2.4%	0.0%	3.472 α	—	#9,121,857
112	5GEHsFpC…p5B9inactive	5CkxDv…fsku	miner	3	1.8%	1.8%	0.0%	2.696 α	—	#9,186,201
235	5FHRAfqu…go4sinactive	5CkxDv…fsku	miner	3	1.8%	1.8%	0.0%	2.633 α	—	#9,101,545
238	5E5JN4yv…FpL8inactive	5HBeTA…Xgoz	miner	0	1.7%	1.7%	0.0%	2.547 α	—	#9,131,486
224	5CcQfgzG…rYh6inactive	5CkxDv…fsku	miner	3	1.7%	1.7%	0.0%	2.540 α	—	#9,117,102
117	5G3z9hhr…2wwtinactive	5FR1py…t3Z2	miner	16	1.3%	1.3%	0.0%	1.939 α	—	#9,074,279
86	5FBit9dK…RZajinactive	5HBeTA…Xgoz	miner	0	1.3%	1.3%	0.0%	1.876 α	—	#9,167,505
59	5CsvRJXu…2zVp	5EJAqc…YzX2	validator	4,223	0.0%	0.0%	1.0%	1.518 α	—	#5,871,577
58	5FKk6ucE…s124	5Fuzgv…krzo	validator	20,313	0.0%	0.0%	1.0%	1.467 α	192.150.253.122:8091	#5,871,184
105	5HgiWPLV…L124	5GW9X8…jovV	validator	136	0.0%	0.0%	0.7%	1.072 α	167.150.153.124:8091	#8,792,371
80	5EhiBKjj…H87C	5EBuUX…Z8Ff	validator	10,494	0.0%	0.0%	0.7%	0.982 α	65.21.154.87:8091	#6,717,846
42	5FLoWCDo…Rv8m	5EnXts…FCGK	validator	10,224	0.0%	0.0%	0.5%	0.801 α	—	#6,724,458
45	5G9hfkx9…wrc5	5Ek8i6…t33f	validator	4,971	0.0%	0.0%	0.5%	0.800 α	—	#6,665,074
64	5CiHodTH…wMUV	5CqsgE…XMUV	validator	10,543	0.0%	0.0%	0.4%	0.619 α	—	#6,135,212
1	5FeDk2eY…4Xb4inactive	5FR1py…t3Z2	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#9,142,352
2	5E4AfKKr…BsPCinactive	5FR1py…t3Z2	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#9,238,778
3	5ERq3mH7…8Fqbinactive	5HBeTA…Xgoz	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#9,230,558
4	5DAW5tJ3…yXYBinactive	5FHeGJ…yA3H	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#9,086,667
5	5FvaReum…Mk6Jinactive	5GEHDS…T5Ny	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#9,134,627
6	5DXXd1gv…irBrinactive	5FR1py…t3Z2	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#9,124,515
7	5CXMFbro…svnainactive	5F9nAK…gvJY	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#9,125,149
8	5E7ibR8h…Fj5finactive	5FqRkS…Rich	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#9,275,546
9	5Fehy9Mj…ZFZRinactive	5FW684…xiDF	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#9,148,160
11	5CAPVqvo…nokginactive	5FW684…xiDF	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#9,178,895
12	5Fetpr5B…HyWKinactive	5CkxDv…fsku	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#9,126,959
14	5DZTAeBZ…2zFoinactive	5HawkZ…5MAY	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#9,179,802
15	5FLbmKRL…AoyFinactive	5FQttp…Qvsb	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#9,044,736
16	5Et2QPCi…Wxgzinactive	5F9nAK…gvJY	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#9,126,527
18	5GTsGCLh…x8nRinactive	5HBeTA…Xgoz	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#9,175,906
19	5CCaDSju…3ZQYinactive	5HBeTA…Xgoz	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#9,127,541
20	5ENviEDK…mB3cinactive	5CkxDv…fsku	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#9,129,618
21	5H8oKekz…bPgPinactive	5FR1py…t3Z2	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#9,142,106
22	5HBM7sL9…pzKQinactive	5HBeTA…Xgoz	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#9,166,924
23	5ERiJW6M…rQbninactive	5HawkZ…5MAY	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#9,196,109
25	5GWA5VPZ…AQ8Einactive	5GEHDS…T5Ny	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#9,263,599
26	5H6LzaYm…nXj8inactive	5DkENR…NHo7	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#9,275,669
27	5GHRYvb5…5J81inactive	5FR1py…t3Z2	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#9,185,955
28	5G48QeX1…8xw1inactive	5HBeTA…Xgoz	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#9,137,243
29	5HB2sxQd…3dsginactive	5FW684…xiDF	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#9,149,817
30	5HVQWDyu…SiR9inactive	5Hp2Es…MZiR	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#9,262,838
31	5Ca14jzg…8ajVinactive	5FW684…xiDF	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#9,177,842
32	5HHQxhKN…X61Linactive	5HBeTA…Xgoz	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#9,192,609
33	5D2WJMV2…eCrRinactive	5HBeTA…Xgoz	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#9,175,784

Child keys (68)

Validators routing a share of their weight-setting through child hotkeys — necessary context for reading the stake column: a parent's influence may act through its children.

5C5GuCUK…CdqD→5FBqnTwn…4WUw100.0%

5CAQAgXx…7FmJ→5GZPtUjy…Djmt100.0%

5CBDhkBx…8S3A→5DvDypN8…diFp100.0%

5CDCHJFp…iJ52→5GZPtUjy…Djmt100.0%

5CV93B17…fQF2→5GZPtUjy…Djmt100.0%

5CcD4RLF…Dcdb→5GZPtUjy…Djmt100.0%

5Ckaoft1…uUes→5HStuLvk…sCTJ100.0%

5CoZxgtf…bifj→5GZPtUjy…Djmt100.0%

5CqRMuYS…b9Ed→5GZPtUjy…Djmt100.0%

5CszMVts…gMUV→5CiHodTH…wMUV100.0%

5D4gEn5S…kZ4f→5GZPtUjy…Djmt100.0%

5DLQGc9D…RZJV→5GZPtUjy…Djmt100.0%

5DUuFhF4…k2GU→5GZPtUjy…Djmt100.0%

5DXdHixx…L1S1→5CUwbDbx…PGun100.0%

5Dd8gaRN…GrWv→5GZPtUjy…Djmt100.0%

5Deo9Q3S…zD9Y→5E2LP6En…eZ5u100.0%

5DjtmV76…T4Kd→5GZPtUjy…Djmt100.0%

5DkFEQdE…M7Fn→5GZPtUjy…Djmt100.0%

5DvDypN8…diFp→5GZPtUjy…Djmt100.0%

5DvTpini…N2ed→5GZPtUjy…Djmt100.0%

5E4z3h9y…ULde→5GZPtUjy…Djmt100.0%

5EAdPk76…pYDc→5GZPtUjy…Djmt100.0%

5EByfpgR…JWs4→5GZPtUjy…Djmt100.0%

5ELREhAp…qwVh→5EhiBKjj…H87C100.0%

5EqYdsxW…oaUf→5G9hfkx9…wrc5100.0%

5EtUYRu7…tvzs→5G9hfkx9…wrc5100.0%

5F7dvCS7…r6LW→5G9hfkx9…wrc5100.0%

5FBqnTwn…4WUw→5G9hfkx9…wrc5100.0%

5FFM6Nvv…UWgt→5GZPtUjy…Djmt100.0%

5FFSBkNi…VR86→5GZPtUjy…Djmt100.0%

5FWB5CFZ…jkg5→5GZPtUjy…Djmt100.0%

5FeKsRjZ…9DGg→5G9hfkx9…wrc5100.0%

5FnGPRV7…MVZZ→5EhiBKjj…H87C100.0%

5Fppap6W…MEjv→5E2LP6En…eZ5u100.0%

5Ft5kRgK…PTih→5DvDypN8…diFp100.0%

5FtBncJv…izzo→5FKk6ucE…s124100.0%

5Fy3Mjrd…hQCY→5EhiBKjj…H87C100.0%

5FyUNRQ2…EBcD→5CUwbDbx…PGun100.0%

5G1NjW9Y…nChe→5GZPtUjy…Djmt100.0%

5G3wMP3g…5KP3→5GZPtUjy…Djmt100.0%

…and 28 more

Verified

Balances as of 17 Oct 2026 00:02 UTC. Checked against the chain 17 Oct 2026 00:02 UTC. Last exact chain read: holder refresh at block 9,289,076 (15 Oct 2026 13:49 UTC).

Holders

1,251

Top holder

27.6%

owner & escrow excluded

Top 10

70.6%

Nakamoto

Nakamoto 3 = the fewest coldkeys that together hold a majority. HHI 0.120 (0 = evenly spread, 1 = one holder, min-normalised so it is not comparable to the raw HHI most explorers publish), Gini 0.970.

Method: α per coldkey, summed across every validator hotkey, read from the chain's own share pools at one block. The subnet owner's coldkey and the protocol's root-basket escrow are set aside for Top holder, Top 10, Nakamoto, HHI and Gini — the owner is usually the largest holder by far, and leaving them in measures the owner rather than the market; the escrow (the runtime's modlsubtensrbeta/esc account) holds validators' basket positions for root stakers and is no wallet at all. Shares in the table below are of every holder's α, both included. Counted holders are every coldkey holding at least 0.000001 α, the owner and the escrow among them; below that is the rounding residue of an exit, not a position. Nakamoto reads “—” under two holders, and Top 10 under twenty, where it saturates at 100% for reasons that have nothing to do with capture. Coldkeys, not people: one person can hold many, and one exchange coldkey can custody thousands. The holder count, the shares and the figures above use balances refreshed every 10 minutes from the fills we index ourselves. The table's Alpha and Value columns use the chain's own reading instead (see below).

Profit since 1 Sep 2026 03:25 UTC (block 8,969,695). Taosis indexes every trade leg from then on; gains made before are not counted. Staking = α earned (the chain's α change minus every indexed buy, sell, fee and transfer), valued at today's price. Trading = everything else. Prices are the chain's own pool price (SubnetTAO / SubnetAlphaIn). USD uses CoinGecko TAO/USD, the only input to these figures that does not come from the chain. Top 100 holders per subnet, recomputed every 6 hours; last computed 16 Oct 2026 18:58 UTC at block 9,297,871. 11 blocks since then could not be indexed (9,202,374, 9,204,152, 9,224,363, 9,225,344, 9,225,345, and 6 more); a trade in them is missing from these figures. USD P&L = τ P&L × the TAO/USD of the last P&L computation ($275.41, 16 Oct 2026 18:58 UTC) + the TAO/USD move: each τ that went in or came out is valued at the TAO/USD of its own day ($229.56 at the start), so TAO's own rise can turn a τ loss into a USD gain. In the table, an Alpha figure without a mark is the chain's own StakeInfo reading from that 6-hourly pass, and Value prices it at that pass's pool price and TAO/USD rate (hover a figure for its block). “≈” marks a coldkey the pass has no reading under 12 h old for: its balance comes from Taosis's own trade index, refreshed every 10 minutes, which leaves out staking rewards, and is valued at today's price. How each figure is defined →

#	Coldkey	Alpha	Value	Trading P&L	Staking	Total P&L	Status	Share
1	5Ck9TyRM…Vr27	589,734 α	5,385 τ · $1.5M	−1,439 τ · −$93.1K	+22,777 α+207.99 τ · +$57.3K	−1,231 τ · −$35.8K	Since 1 Sep	24.25%
2	5HMtFEQ9…8CCx	372,992 α	3,406 τ · $938.1K	−902.45 τ · −$58.3K	+17,452 α+159.38 τ · +$43.9K	−743.07 τ · −$14.4K	Since 1 Sep	15.33%
3	5HKYqfJr…peXMOwnerValidator	267,497 α	2,443 τ · $672.8K	−487.95 τ · −$31.5K	+75,259 α+687.29 τ · +$189.3K	+199.34 τ · +$157.8K	Since 1 Sep	10.93%
4	5GF4tHAY…uaQh	186,657 α	1,705 τ · $469.5K	−453.53 τ · −$29.3K	+7,992 α+72.99 τ · +$20.1K	−380.54 τ · −$9.2K	Since 1 Sep	7.67%
5	5HodGMhW…Zqne	112,154 α	1,024 τ · $282.1K	−271.64 τ · −$17.0K	+4,842 α+44.22 τ · +$12.2K	−227.42 τ · −$4.9K	Since 1 Sep	4.61%
6	5GF87Rts…pY1i	76,589 α	699.42 τ · $192.6K	−185.70 τ · −$12.0K	+3,432 α+31.35 τ · +$8.6K	−154.36 τ · −$3.4K	Since 1 Sep	3.15%
7	5FbPqGcq…7Tts	42,460 α	387.74 τ · $106.8K	−103.17 τ · −$6.7K	+1,818 α+16.60 τ · +$4.6K	−86.57 τ · −$2.1K	Since 1 Sep	1.75%
8	5EUTtLVd…zQSM	40,673 α	371.42 τ · $102.3K	−121.58 τ · −$6.2K	+2,229 α+20.36 τ · +$5.6K	−101.22 τ · −$544.50	Since 1 Sep	1.67%
9	5GgRnUFh…zcDt	34,590 α	315.88 τ · $87.0K	−10.26 τ · −$9.1K	+265.89 α+2.43 τ · +$668.73	−7.83 τ · −$8.4K	Full history	1.42%
10	5H6wXotG…Wi9P	27,680 α	252.78 τ · $69.6K	−67.25 τ · −$4.3K	+1,185 α+10.82 τ · +$3.0K	−56.43 τ · −$1.4K	Since 1 Sep	1.14%
11	5ErB3N8z…hP4s	27,115 α	247.62 τ · $68.2K	−65.89 τ · −$4.3K	+1,161 α+10.60 τ · +$2.9K	−55.29 τ · −$1.3K	Since 1 Sep	1.11%
12	5F965Bgw…iRPd	26,120 α	238.53 τ · $65.7K	−63.47 τ · −$4.1K	+1,118 α+10.21 τ · +$2.8K	−53.26 τ · −$1.3K	Since 1 Sep	1.07%
13	5EYCAe5j…tp7sBasket escrow	≈25,765 α	235.26 τ · $64.8K	—	—	—	—	1.06%
14	5Gj1GpFi…Kat4	24,593 α	224.59 τ · $61.9K	−59.75 τ · −$3.9K	+1,053 α+9.62 τ · +$2.6K	−50.14 τ · −$1.2K	Since 1 Sep	1.01%
15	5DU34LFC…mDfYValidatorMiner	24,392 α	222.74 τ · $61.3K	−43.89 τ · −$2.8K	+7,106 α+64.89 τ · +$17.9K	+21.00 τ · +$15.0K	Since 1 Sep	1.00%
16	5HeNpBKT…y9ku	23,269 α	212.50 τ · $58.5K	−56.29 τ · −$3.6K	+1,091 α+9.97 τ · +$2.7K	−46.32 τ · −$891.15	Since 1 Sep	0.96%
17	5EBuUXD6…Z8FfValidator	21,598 α	197.23 τ · $54.3K	−51.69 τ · −$3.3K	+1,240 α+11.32 τ · +$3.1K	−40.37 τ · −$223.10	Since 1 Sep	0.89%
18	5DpJXCah…wi9n	20,876 α	190.63 τ · $52.5K	−50.73 τ · −$3.3K	+893.85 α+8.16 τ · +$2.2K	−42.57 τ · −$1.0K	Since 1 Sep	0.86%
19	5FxVNTzp…NC33	17,900 α	163.46 τ · $45.0K	−41.48 τ · −$8.1K	+650.65 α+5.94 τ · +$1.6K	−35.54 τ · −$6.4K	Full history	0.74%
20	5FsdkKmG…xZ8d	14,023 α	128.06 τ · $35.3K	−33.93 τ · −$2.2K	+656.16 α+5.99 τ · +$1.7K	−27.94 τ · −$542.03	Since 1 Sep	0.58%
21	5G4529T3…7EpB	12,338 α	112.67 τ · $31.0K	−29.85 τ · −$1.9K	+578.72 α+5.28 τ · +$1.5K	−24.56 τ · −$473.11	Since 1 Sep	0.51%
22	5C8Jut43…1CLY	11,891 α	108.58 τ · $29.9K	−28.84 τ · −$1.9K	+532.33 α+4.86 τ · +$1.3K	−23.98 τ · −$525.74	Since 1 Sep	0.49%
23	5Hqad96w…YmF2	11,054 α	100.95 τ · $27.8K	—	—	—	Unverified	0.45%
24	5HKtMDsW…vVD4	10,259 α	93.69 τ · $25.8K	−24.92 τ · −$1.6K	+439.26 α+4.01 τ · +$1.1K	−20.91 τ · −$505.25	Since 1 Sep	0.42%
25	5Cr2hk8t…sCZM	9,564 α	87.34 τ · $24.1K	−23.13 τ · −$1.5K	+455.10 α+4.16 τ · +$1.1K	−18.97 τ · −$350.73	Since 1 Sep	0.39%
26	5GeAfXXj…qd9q	9,322 α	85.13 τ · $23.4K	−22.60 τ · −$1.5K	+417.79 α+3.82 τ · +$1.1K	−18.79 τ · −$409.44	Since 1 Sep	0.38%
27	5HYeXWq2…rbFy	9,188 α	83.91 τ · $23.1K	−22.23 τ · −$1.4K	+429.92 α+3.93 τ · +$1.1K	−18.30 τ · −$354.69	Since 1 Sep	0.38%
28	5CsyLPX4…Dpkv	8,872 α	81.01 τ · $22.3K	−21.47 τ · −$1.4K	+414.68 α+3.79 τ · +$1.0K	−17.68 τ · −$345.30	Since 1 Sep	0.36%
29	5Fo15dvc…fjM4	7,694 α	70.26 τ · $19.4K	−18.78 τ · −$1.2K	+297.48 α+2.72 τ · +$748.17	−16.06 τ · −$465.16	Since 1 Sep	0.32%
30	5GF7kTAk…WQ3s	6,833 α	62.40 τ · $17.2K	−16.53 τ · −$1.1K	+319.74 α+2.92 τ · +$804.18	−13.61 τ · −$264.13	Since 1 Sep	0.28%
31	5DtYRLWY…BwuB	6,256 α	57.13 τ · $15.7K	−15.20 τ · −$982.73	+267.11 α+2.44 τ · +$671.79	−12.76 τ · −$310.93	Since 1 Sep	0.26%
32	5ELf4Wqe…wn2b	6,219 α	56.79 τ · $15.6K	−17.90 τ · −$932.37	+347.77 α+3.18 τ · +$874.63	−14.73 τ · −$57.74	Since 1 Sep	0.26%
33	5CiP1NLA…zK4b	6,210 α	56.70 τ · $15.6K	−15.06 τ · −$973.69	+277.99 α+2.54 τ · +$699.13	−12.52 τ · −$274.55	Since 1 Sep	0.26%
34	5CrU6iVB…PACq	5,926 α	54.11 τ · $14.9K	−1.07 τ · −$607.85	+20.20 α+0.18 τ · +$50.81	−0.89 τ · −$557.04	Full history	0.24%
35	5ES84rfz…QM4w	5,915 α	54.01 τ · $14.9K	−15.25 τ · −$687.17	+270.51 α+2.47 τ · +$680.34	−12.78 τ · −$6.84	Since 1 Sep	0.24%
36	5G9Tn2nt…kC4K	5,758 α	52.59 τ · $14.5K	−13.96 τ · −$902.10	+258.07 α+2.36 τ · +$649.06	−11.61 τ · −$253.04	Since 1 Sep	0.24%
37	5CoD2zfW…Z57b	5,750 α	52.50 τ · $14.5K	−13.91 τ · −$899.60	+269.42 α+2.46 τ · +$677.57	−11.45 τ · −$222.03	Since 1 Sep	0.24%
38	5EPdHVcv…6DUD	5,466 α	49.92 τ · $13.7K	−0.39 τ · −$34.58	+33.26 α+0.30 τ · +$83.64	−0.08 τ · +$49.07	Full history	0.22%
39	5GucuWuJ…Az3c	5,448 α	49.75 τ · $13.7K	−0.46 τ · −$650.63	+23.03 α+0.21 τ · +$57.92	−0.25 τ · −$592.72	Full history	0.22%
40	5EWKBmc5…mcoL	5,401 α	49.32 τ · $13.6K	−12.96 τ · −$982.18	+205.36 α+1.88 τ · +$516.49	−11.08 τ · −$465.69	Since 1 Sep	0.22%
41	5GHg6ASH…jwWR	5,331 α	48.68 τ · $13.4K	−12.95 τ · −$836.98	+227.61 α+2.08 τ · +$572.47	−10.88 τ · −$264.51	Since 1 Sep	0.22%
42	5EwCxRzZ…f6VB	5,281 α	48.23 τ · $13.3K	−12.83 τ · −$829.44	+225.49 α+2.06 τ · +$567.11	−10.77 τ · −$262.34	Since 1 Sep	0.22%
43	5DLmDmae…uyi5	5,168 α	47.19 τ · $13.0K	−12.50 τ · −$808.32	+242.39 α+2.21 τ · +$609.60	−10.29 τ · −$198.72	Since 1 Sep	0.21%
44	5DkV8twU…e1d5	5,057 α	46.17 τ · $12.7K	−12.24 τ · −$790.95	+237.18 α+2.17 τ · +$596.50	−10.07 τ · −$194.45	Since 1 Sep	0.21%
45	5F2KMota…TCqD	5,011 α	45.76 τ · $12.6K	−12.18 τ · −$786.90	+214.55 α+1.96 τ · +$539.60	−10.22 τ · −$247.30	Since 1 Sep	0.21%
46	5F29KYWd…6cBZ	4,668 α	42.63 τ · $11.7K	−11.30 τ · −$729.98	+218.97 α+2.00 τ · +$550.71	−9.30 τ · −$179.27	Since 1 Sep	0.19%
47	5CFjSegG…viKj	4,629 α	42.27 τ · $11.6K	−10.84 τ · −$806.74	+192.28 α+1.76 τ · +$483.57	−9.09 τ · −$323.17	Since 1 Sep	0.19%
48	5Dy2k9Qz…yjcx	4,605 α	42.05 τ · $11.6K	−11.17 τ · −$721.77	+206.37 α+1.88 τ · +$519.03	−9.28 τ · −$202.74	Since 1 Sep	0.19%
49	5EezuGcp…g3iz	4,520 α	41.28 τ · $11.4K	−10.88 τ · −$728.31	+210.24 α+1.92 τ · +$528.77	−8.96 τ · −$199.55	Since 1 Sep	0.19%
50	5CCexiEG…F8J5	4,415 α	40.32 τ · $11.1K	−10.71 τ · −$692.26	+197.64 α+1.80 τ · +$497.06	−8.90 τ · −$195.20	Since 1 Sep	0.18%

Concentration history

Holders1,252

2026-09-251,252 – 1,5582026-10-16

Nakamoto3

2026-09-253 – 32026-10-16

Top 10 share70.6%

2026-09-2569.2% – 71.1%2026-10-16

HHI0.120

2026-09-250.115 – 0.1222026-10-16

Total α2,429,632 α

2026-09-252,362,170 α – 2,438,375 α2026-10-16

One point per UTC day: the subnet's published state at the end of that day. The owner's coldkey and the protocol's root-basket escrow are excluded from HHI, Nakamoto, Top 10 and Gini. Days recorded before the method change of late September 2026 counted holders without the owner and kept the escrow in those four, so a line can step on that day. History starts 2026-09-25; earlier days were never measured.

On-chainChild keysBetween blocks 9,274,365 and 9,274,433· Oct 13, 2026, 12:50 UTC
Validator TAO.app (5CoZ…bifj) scheduled a child-key change on 125 subnets
Validator hotkey 5CoZxgtfhcJKX2HmkwnsN18KbaT9aih9eF3b6qVPTgAUbifj announced new child keys on SN1, SN2, SN3, SN4, SN5, SN6, SN7, SN8, SN9, SN10, SN11, SN12 and 113 more, applying at block 9,281,605 (~24h). Stake delegated to it there routes through its children after that.
Parent TAO.app · SN1, SN2, SN3, SN4, SN5, SN6, SN7, SN8, SN9, SN10, SN11, SN12, SN13, SN14, SN15, SN16, SN17, SN18, SN19, SN20, SN21, SN22, SN23, SN24, SN25, SN26, SN27, SN28, SN29, SN30, SN31, SN32, SN33, SN34, SN35, SN36, SN37, SN38, SN39, SN40, SN41, SN42, SN43, SN44, SN45, SN46, SN47, SN48, SN49, SN50, SN51, SN52, SN53, SN54, SN55, SN56, SN57, SN58, SN60, SN61, SN62, SN63, SN64, SN65, SN66, SN67, SN68, SN69, SN70, SN71, SN72, SN73, SN74, SN75, SN76, SN77, SN78, SN79, SN80, SN81, SN82, SN83, SN84, SN85, SN87, SN88, SN89, SN90, SN91, SN93, SN94, SN95, SN96, SN97, SN98, SN99, SN100, SN101, SN102, SN103, SN104, SN105, SN106, SN107, SN108, SN109, SN110, SN111, SN112, SN113, SN114, SN115, SN116, SN117, SN118, SN119, SN120, SN121, SN122, SN123, SN124 (this subnet), SN125, SN126, SN127, SN128
On-chainChild keysBetween blocks 9,262,073 and 9,262,137· Oct 11, 2026, 19:50 UTC
Validator Firepool (5Deo…zD9Y) scheduled a child-key change on 68 subnets
Validator hotkey 5Deo9Q3SnZWNPSEPRTgapbyy6egKu2oaNSqD4RQHHJEuzD9Y announced new child keys on SN4, SN6, SN8, SN9, SN15, SN16, SN17, SN19, SN21, SN23, SN27, SN29 and 56 more, applying at block 9,269,281 (~24h). Stake delegated to it there routes through its children after that.
Parent Firepool · SN4, SN6, SN8, SN9, SN15, SN16, SN17, SN19, SN21, SN23, SN27, SN29, SN31, SN35, SN36, SN37, SN38, SN41, SN42, SN44, SN47, SN50, SN52, SN53, SN54, SN55, SN57, SN58, SN60, SN61, SN62, SN64, SN65, SN66, SN70, SN72, SN73, SN74, SN76, SN77, SN78, SN80, SN83, SN87, SN88, SN89, SN90, SN91, SN95, SN100, SN102, SN106, SN107, SN108, SN109, SN110, SN112, SN113, SN114, SN116, SN117, SN118, SN120, SN121, SN122, SN124 (this subnet), SN127, SN128
On-chainChild keysBetween blocks 9,258,916 and 9,258,981· Oct 11, 2026, 09:19 UTC
Validator Tensorplex Labs (5E4z…ULde) re-scheduled a child-key change on 8 subnets
Validator hotkey 5E4z3h9yVhmQyCFWNbY9BPpwhx4xFiPwq3eeqmBgVF6KULde announced new child keys on SN107, SN111, SN112, SN114, SN118, SN120, SN124, SN125, applying at block 9,266,119 (~24h). Stake delegated to it there routes through its children after that. It replaces the changes that were pending on SN107 (block 9,265,722), SN111 (block 9,265,695), SN112 (block 9,265,698), SN114 (block 9,265,680), SN118 (block 9,265,662), SN120 (block 9,265,668) and 2 more, which will not apply then.
Parent Tensorplex Labs · SN107, SN111, SN112, SN114, SN118, SN120, SN124 (this subnet), SN125
On-chainChild keysBetween blocks 9,258,445 and 9,258,514· Oct 11, 2026, 07:46 UTC
Validator Tensorplex Labs (5E4z…ULde) scheduled a child-key change on 22 subnets
Validator hotkey 5E4z3h9yVhmQyCFWNbY9BPpwhx4xFiPwq3eeqmBgVF6KULde announced new child keys on SN98, SN99, SN100, SN101, SN102, SN104, SN110, SN111, SN112, SN113, SN114, SN115 and 10 more, applying at block 9,265,650 (~24h). Stake delegated to it there routes through its children after that. It replaces the changes that were pending on SN98 (block 9,265,320), SN99 (block 9,265,308), SN100 (block 9,265,323), SN101 (block 9,265,326), SN102 (block 9,265,329), SN104 (block 9,265,332) and 5 more, which will not apply then.
Parent Tensorplex Labs · SN98, SN99, SN100, SN101, SN102, SN104, SN110, SN111, SN112, SN113, SN114, SN115, SN118, SN119, SN120, SN121, SN122, SN124 (this subnet), SN125, SN126, SN127, SN128
On-chainChild keysBetween blocks 9,171,566 and 9,171,628· Sep 29, 2026, 06:08 UTC
Validator 88 Root (5Djt…T4Kd) scheduled a child-key change on 6 subnets
Validator hotkey 5DjtmV76CRvxZqd68fDwWyTmsfqUZ5EUXVJ21FKTBzwLT4Kd announced new child keys on SN113, SN118, SN123, SN124, SN127, SN128, applying at block 9,178,773 (~24h). Stake delegated to it there routes through its children after that.
Parent 88 Root · SN113, SN118, SN123, SN124 (this subnet), SN127, SN128
On-chainChild keysBetween blocks 9,159,435 and 9,159,500· Sep 27, 2026, 13:42 UTC
Validator 88 Root (5Djt…T4Kd) scheduled a child-key change on 7 subnets
Validator hotkey 5DjtmV76CRvxZqd68fDwWyTmsfqUZ5EUXVJ21FKTBzwLT4Kd announced new child keys on SN109, SN110, SN112, SN113, SN124, SN127, SN128, applying at block 9,166,653 (~24h). Stake delegated to it there routes through its children after that.
Parent 88 Root · SN109, SN110, SN112, SN113, SN124 (this subnet), SN127, SN128

Newest first, the 6 most recent. Every event is read directly from the Bittensor chain by Taosis — no third-party data. Recorded continuously since block 9,145,148 (25 Sep 2026, 13:52 UTC). Earlier history is partial: runtime upgrades and the registrations of the subnets live then go back to block 8,929,148 (26 Aug 2026), large trades to block 9,094,749 (18 Sep 2026); other earlier changes are not listed. Events of a dissolved subnet that held this netuid before are not listed.

Owner lock

1,000,000 α

≈ 9,131 τ · $2.5M

Owner conviction

1,000,000 α

≈ 9,131 τ · $2.5M

Hotkey locks Σ

0 α

≈ 0.00 τ · $0.00

Registration lock

79.31 τ

Deregistration standing

Rank #93 in the deregistration queue — the network runs at capacity, so each new subnet registration removes the rank-1 subnet. Ranked by the chain's own EMA price, immune subnets excluded.

Takeover watchcompare every subnet →

A hotkey another coldkey than the owner's owns can claim the subnet once it is a year old, if its matured conviction exceeds 18% of eligible α (α staked out, minus protocol-owned and burned α — the threshold in the chain's own code) and no hotkey scores higher, the owner's own included.

Every lock on this tab is rolled forward to block 9,299,152 with the chain's own maturity maths — what the chain itself counts at that block, not the value stored at each lock's last write.

No hotkey locks on this subnet.

Owner's side: 5GZPtUjy…Djmt · 1,000,000 α conviction

Account	Kind	Locked α	Value	Conviction α	Matured
5HKYqfJr…peXM	owner	1,000,000.11 α	9,131 τ · $2.5M	1,000,000.11 α	100%
5Ck9TyRM…Vr27	coldkey	517,230.08 α	4,723 τ · $1.3M	517,230.08 α	100%
5HMtFEQ9…8CCx	coldkey	317,421.05 α	2,898 τ · $798.2K	317,421.05 α	100%
5GF4tHAY…uaQh	coldkey	165,323.99 α	1,510 τ · $415.7K	165,323.99 α	100%
5EhuYVeL…b24Z	coldkey	25 α	0.23 τ · $62.87	25 α	100%

Why the price moved · last 24h

0.009280 τ → 0.009131 τ (-1.611%)

Trading-110.195 τ and +11,965.447 α through the pool from indexed fills-1.80%
Emission+10.9933 τ injected, +1,184.6217 α minted into the pool−<0.01%
Chain buys & basket+11.287 τ and -1,768.613 α through the pool by the protocol's own trades (chain counters SubnetProtocolFlow, net of the injection, and SubnetProtocolAlpha)+0.23%
Not attributedwhat the named causes do not account for-0.03%

Each line is the price move that cause alone would have produced. They compose to the net move above (multiplicatively, which is why they need not sum to it), and a cause can exceed the net when another pushed the other way. The price is exactly the pool ratio, so this is a complete decomposition — no modelling, no fitting.

Deregistration risk

Rank #93 in the queue. The network is at capacity (128), so each new subnet registration dissolves rank 1 — 93 registrations would reach this one.

Cost to kill rank 1

819 τ

In 1 day (7,200 blocks)

695 τ

P(dereg) 30d

0.0%

P(dereg) 90d

0.0%

From 0.14 registrations/day observed over 49.6 days of indexed blocks, as a Poisson arrival process against this subnet's queue position. The price to register a subnet falls in a straight line, about 123.5 τ every 7,200 blocks (about a day), until it reaches its 1 τ floor at block 9,346,858. Each registration resets it to twice what that registration paid.

Conviction maturity curve

What a perpetual lock of 1,000 α becomes over time on this subnet. The shape is identical at any size — scale it to your own amount. Conviction matures on a 30-day half-life; a decaying lock's stake also unwinds on a 90-day one.

After	Conviction	Matured	Of takeover
today	0.0 α	0.0%	0.00%
7 d	149.3 α	14.9%	0.034%
30 d	500.0 α	50.0%	0.114%
90 d	875.0 α	87.5%	0.200%
180 d	984.4 α	98.4%	0.225%
365 d	999.8 α	100.0%	0.228%

Projected with the chain's own maturity maths (rates read live: unlock 934,866 blocks, maturity 311,622), not an approximation.

☆SwarmSN124 · Bittensor subnet

SwarmSN124 · Bittensor subnet