Bittensor

The dilution overhang of 118.8% means a substantial volume of TAO is still to be issued, so tracking how circulating supply grows over time relative to any changes in market capitalization would reveal how ongoing issuance is being absorbed. Total value locked stood at approximately 49.9 million dollars at the point of measurement and grew 14.6% over the trailing seven days and 23.6% over the trailing thirty days, making its direction informative about whether activity inside the ecosystem is expanding or contracting. The market-cap-to-TVL ratio of 46.3 is considerably higher than the fully-diluted-value-to-TVL ratio of 101.3, so watching both figures together as supply expands illustrates how the network's locked capital base compares to its overall valuation. Finally, the development commit count for the trailing four weeks is recorded as zero, while the repository has 1,467 stars and 475 forks; observing whether commit activity resumes would provide a concrete, observable signal about the pace of ongoing protocol development.

Written by an AI language model from the figures listed below, on 27 Aug 2026 04:32 UTC.