Bittensor

The dilution overhang of 85.19% and the fully diluted valuation-to-market-cap ratio of 1.85 are worth monitoring together, because they indicate how much additional TAO could enter circulation over time relative to what currently trades. Total value locked, which stands at 562,370,407.73 USD at the point of measurement but fell 8.098% over the trailing seven days after a 1,092.88% rise over the trailing thirty days, is worth observing for whether that sharp short-term swing stabilizes or reverses. The volume-to-TVL ratio of 0.459 averaged over thirty days reflects how actively the capital locked in the protocol is being used relative to its size, and changes in that figure could indicate shifts in network utilization. Developer commit activity, currently recorded at zero over the trailing four weeks, is a metric to watch, as sustained absence of commits would differ meaningfully from a data gap and could speak to the pace of protocol development.

Written by an AI language model from the figures listed below, on 14 Oct 2026 17:21 UTC.