Top 3 notable subnet ecosystem tokens of Bittensor

The subnet ecosystem of Bittensor (TAO) continues to draw attention with impressive performance amid the volatility of the broader market. Market capitalization has grown significantly. Additionally, the total number of subnets has tripled over the past year. Currently, there are 95 subnets on the network.

Interestingly, the top three subnet tokens — Chutes (SN 64), Gradients (SN 56) and Targon (SN 4) — have all recorded strong growth over the past month. Despite the recent slowdown in growth momentum, the fundamentals of these tokens and support from the community remain important factors to consider.

Chutes

Chutes is a serverless AI computing subnet on Bittensor. This platform provides tools to deploy AI models directly through their platform or via API, enabling developers to easily integrate AI into applications without the need to manage platform infrastructure.

In terms of performance, the price of Chutes tokens has increased by about 170% in the past month. Since the end of March, the tokens of this subnet have surged, pushing the market capitalization past the $100 million mark.

"Bittensor TAO had its first subnet reach $100 million in capitalization, just 9 weeks after dTAO launched. Congratulations Chutes (SN64)! Chutes is serverless AI that provides instant AI model hosting (DeepSeek, Mistral, etc.) at 85% cheaper cost than AWS," one user shared on X.

However, after reaching a peak, the price has slightly adjusted. Since mid-April, this token has traded more steadily. At the time of writing, it is trading at $115.4, equivalent to 0.35 TAO, down 12.1% for the week. Additionally, the market capitalization has also decreased to $93.7 million.

!()https://img.gateio.im/social/moments-c42b0984230ffacbd5f7f21a9164b92d[token]Chutes (SN 64) price chart | Source: Tao StatsNotably, Chutes is one of three subnets developed by Rayon Labs on Bittensor, along with Gradients and Nineteen.

Gradients

Subnet Gradients are designed to make AI model training accessible to everyone. It leverages the decentralized infrastructure of the Bittensor network, allowing users to easily train the AI model with little effort, even without prior knowledge of AI. The latest version (V3) was launched on April 15.

Notably, the increase of Gradients even surpassed Chutes. The price of this token has risen over 550% in the past month.

"Gradients have increased by more than 500% in just a few weeks," an analyst commented on April 2.

However, like Chutes, the token of this subnet has also adjusted, causing it to lose 30.7% of the increase over the past week. At the time of writing, the trading price of Gradients is at $54.1 ( equivalent to 0.16 TAO).

!()https://img.gateio.im/social/moments-59c229ac3ed61f5191affc2a4419d521[token]Gradients price chart (SN 56) | Source: Tao StatsDespite this, the optimism from the community remains quite strong.

"The subnets created by Rayon Labs currently account for more than a quarter of the total issuance on Bittensor. This is the result of a world-class team building with faith and genuinely delivering a product. The network will reward those who create real products and bring real value," the analyst added.

Targon

Finally, the Targon subnet is a decentralized infrastructure within the Bittensor network, specifically designed to support a marketplace for digital goods related to AI. It is

a decentralized system, Targon allows AI models to interact, process, and generate information across various types and formats of data without relying on a central entity.

This infrastructure enhances the ability of AI to understand context and relationships within data, thereby improving the efficiency and quality of interactions between humans and AI.

"Targon stands out as one of the strongest subnets in the ecosystem," a user remarked.

However, the token of this subnet recorded the most modest increase compared to other competitors. Its value increased by about 60% in the past month. Targon adjusted in early April. After a slight recovery, the downward trend continued.

!()https://img.gateio.im/social/moments-ba524e9eeb8b29bd2842e65b5013c2e6[token]Targon (SN 4) price chart | Source: Tao Stats At the time of writing, the token price is sitting at $52.4 (tương or 0.15 TAO), down 19.3 percent over the past seven days.

As more developers and businesses turn to decentralized AI solutions, the Bittensor ecosystem is expected to continue expanding. The ongoing development of these subnets will play a crucial role in shaping the future of AI infrastructure, and monitoring developments in the coming time may reveal new opportunities in the decentralized AI market.

You can view the coin price here.

Disclaimer:*** The article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions

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