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TAO to USDT Converter
1 TAO = 248.7150 USDT · updated 06:23 UTC
Volume Bubbles Chart (1h)
Each 1-hour candle's volume is signed by its direction (up candles count as net buying, down candles as net selling) and drawn as a bubble at the closing price, green for buying and red for selling. Bubble size and colour intensity show how strong that flow is compared with the last 300 candles: the strongest 30% get full bubbles with their USD value, the rest stay as small dots. Unusually large bubbles flag aggressive buying or selling worth a closer look, often near breakouts, reversals or key levels.Seasonal Chart
Plots one line per calendar year showing the % change since the start of that year, with the current year highlighted against up to four previous years. Lining the years up on the same calendar shows whether the price tends to rise or fall in the same months, helping you spot recurring seasonal patterns. Treat it as context rather than a forecast: past seasonality does not guarantee future moves.Bittensor Markets
Bittensor Historical Data
About Bittensor (TAO)
Bittensor (TAO) is a blockchain network that pays participants to produce machine learning and other digital services. It is organized into many subnets, each focused on a task such as text generation, data collection or computing power. TAO is the native token, used for rewards and for staking. Its supply is capped at 21 million, the same number as Bitcoin. FMchart's Bittensor price here is a composite of several large exchanges, shown in dollars.
Subnets, miners and validators
Each subnet sets its own goal and scoring rules. Miners do the work, for example by running an AI model, and validators test the output and score it. Those scores feed into a mechanism called Yuma Consensus, which decides how rewards are shared. It uses a stake-weighted median of validators' scores, which limits the effect of any single validator's outlier opinion. Subnet owners design the incentives and receive a cut. Within each subnet's emissions, 41% go to miners, 41% to validators and their stakers, and 18% to the owner.
Dynamic TAO and alpha tokens
The Dynamic TAO upgrade in February 2025 changed how rewards reach subnets. Since then, each subnet has had its own token, called alpha, which trades against TAO in a pool. The market price of each alpha token helps decide how much newly issued TAO flows to that subnet. Before the upgrade, a small group of validators set those weights.
The first halving in December 2025
TAO follows a Bitcoin-style schedule, but its halvings are triggered by how much TAO has been issued rather than by a block count. The first came in December 2025, when total issuance passed 10.5 million, half of the cap. Emission dropped from 1 TAO to 0.5 TAO per block, about 3,600 TAO a day. Later halvings happen at each midpoint of the remaining supply.
What TAO is used for
TAO has several jobs on the network. It pays rewards to miners, validators and subnet owners, and validators need stake behind them, because consensus weighs their scores by stake. Holders who do not run any hardware can delegate TAO to a validator and share in its rewards. Since Dynamic TAO, each subnet's alpha token also has its own market price, which can drift against TAO.
Measuring useful work
Bittensor's pitch is an open market that pays for useful AI work, but measuring that work fairly is difficult, and subnet quality varies. Alpha tokens add complexity and extra price risk for stakers. TAO trades in a market that reacts quickly to news about AI, and its price has swung widely in both directions. Halvings slow new supply but do not, on their own, set the price. Demand for subnet services and for TAO itself matters just as much.
Last reviewed: Oct 8, 2026
Bittensor (TAO) FAQ
What is Bittensor (TAO)?
Bittensor is a decentralized network that rewards participants for producing AI and other digital services. Work is divided into subnets, each with its own task and scoring rules. TAO, the native token, pays rewards and is staked to back validators. Like Bitcoin, TAO has a maximum supply of 21 million and periodic halvings.
How does Bittensor work?
In each subnet, miners provide a service, such as answering prompts, and validators score the results. Yuma Consensus combines those scores to divide rewards: 41% to miners, 41% to validators and stakers, and 18% to the subnet owner. Since Dynamic TAO, each subnet has an alpha token, and its market price helps set how much TAO the subnet receives.
What is Dynamic TAO?
Dynamic TAO, or dTAO, is the February 2025 upgrade that gave every subnet its own alpha token, traded against TAO in a pool. Since then, the market prices of those alpha tokens help decide how newly issued TAO is split between subnets. Before, a small group of validators set those weights.
What is TAO's price today?
TAO trades at roughly $248.3 on FMchart's composite, a blended price from several large exchanges. Around $39.84M of TAO traded over the past 24 hours across the exchanges in FMchart's composite. One platform's quote may be slightly different from this blended figure. The 24-hour range is listed next to the price.
What is Bittensor's market cap and max supply?
Bittensor's market capitalization is close to $2.82B, ranking it 38. About 11,339,646 TAO are in circulation, out of a maximum of 21 million. New TAO is minted every block as rewards, and since the December 2025 halving the rate has been about 3,600 TAO per day.
What is TAO's all-time high?
TAO's all-time high is $757.6, set on Mar 7, 2024. The token has had large rallies and steep falls over a fairly short trading history. A past peak is not a target. The Price Statistics panel shows the all-time low too, and how far today's price is from each record.
How has TAO performed month to month?
In FMchart's composite price history (since September 2024), March 2026 (+67.1%) stands out as TAO's best month and November 2025 (-39.9%) as its worst. The Monthly Returns (USD) table colors each month by gain or loss, and the Annual Price (USD) Change table gives a yearly view. TAO's history is short, so results can be lumpy. None of this predicts future returns.
When was the Bittensor halving?
Bittensor's first halving took place in December 2025, when total issuance crossed 10.5 million TAO, half of the cap. Block rewards fell from 1 TAO to 0.5 TAO, about 3,600 TAO a day. The next halving comes when issuance reaches 15.75 million, so its date depends on how quickly new TAO enters circulation.
Is Bittensor a good investment?
FMchart does not provide investment advice. Bittensor offers a new kind of market for AI work and a capped supply. It is also technically complex, subnet quality varies, alpha tokens add extra risks for stakers and competition in decentralized AI is growing. TAO's price has been highly volatile.
What affects the price of TAO?
TAO responds to the broader crypto market and to interest in artificial intelligence. Network-specific factors include subnet growth and usefulness, staking and alpha token flows, halvings that cut new supply, exchange listings and investment products. Major news from the AI industry can also shift sentiment toward the token.