Chutes

Chutes, trading under the symbol SN64, is a subnet within the Bittensor ecosystem classified under artificial intelligence and decentralized physical infrastructure networks. It aims to connect those who need access to AI compute resources with those who can provide them, functioning as a decentralized marketplace for running AI models and workloads. The intended users are developers and teams who want to deploy or consume AI inference and related services without relying on a single centralized provider.

Chutes operates as one of Bittensor's subnets, meaning it inherits Bittensor's broader validator-and-miner architecture where participants are rewarded in proportion to the usefulness of the compute or services they contribute. The SN64 token represents a stake in this subnet and is used to align incentives between those supplying AI compute and those validating the quality of that supply. No consensus algorithm or block time is recorded in the stored data beyond its membership in the Bittensor subnet structure.

Over the trailing 30 days the protocol collected 9,377 dollars in fees, which annualizes to approximately 114,087 dollars based on that same period; over the trailing 12 months total fees reached 3,693,238 dollars. The take rate stands at 100 percent for the trailing 30-day period, meaning the protocol itself retains all fee revenue and zero flows to supply-side participants such as miners or liquidity providers during that window, as supply-side revenue for the same period is recorded at zero. Fees are generated by users paying to run workloads on the network, and the full amount is classified as protocol revenue. The market capitalization of 114,890,037 dollars divided by annualized fees from the trailing 30 days produces a ratio of approximately 1,009, giving a fee yield of roughly 0.10 percent annualized against market cap.