The chart follows the alpha price in τ. Each period starts at its opening price and steps through the mechanisms below, in a fixed order, to its closing price: a step that rises pushed the price up, one that falls pushed it down, and its height is how far it moved the price. A thin line carries each close into the next period’s open; it is dashed where the two differ. The faint candle behind each period is the market’s own open, high, low and close, for context.

With many periods on screen (90 days, or hours), the steps would be too thin to read, so the chart draws the price as a line instead and colours each period by the mechanism that moved it most. Hover a period for the full step-by-step breakdown.

Protocol buy: The chain spending excess emission TAO to buy alpha from the pool. A permanent protocol buyback; it pushes the price up.
Root sell: Root-dividend claims sold into the pool; they push the price down.
User buy / sell: Staking into and unstaking from this subnet.
Cross-subnet: Swaps from other subnets routed through this pool.
Residual: What the decomposition cannot attribute to a mechanism. It is always shown, never folded into another part.

Not here, because they do not move the spot price: the per-block TAO injection into the pool, and burns.

All figures are log changes, not simple percentage changes, so the parts add up exactly to the total; on big moves the two differ (a 10% log fall is a 9.5% price fall).

Today so far

2026-11-05 UTC, as of ≈22:58 UTC (block 9,442,983)

Price, today so far: 0.002759 τ
Volume, today so far: 146.73 τ
Market cap incl. burned, today so far: 10.49K τ
TAO in pool, today so far: 7.21K τ
Emission share, today so far: —not available yet

The day isn’t over yet, so these figures keep changing. They are in no daily total, average or rank.

Subnet Configuration

Pool & Mechanism

AMM Pool

Balancer

Mechanism

dTAO

Access

Registration

Open

Neurons

256/256Competitive

Validators

8/6456 open

Economics

Owner Cut

18.00%

Weights

Commit-Reveal

Enabled (v3, 1 epochs)

Liquid Alpha

Disabled

Weights Version

1000910

Weights Range

1–65535

Timing

Tempo

360~1.2h

Immunity Period

7,200~1.0d

Activity Cutoff

5,000~16.7h

Market & Economics

Market

Market Cap

6,824.4999 τ

FDV

17.71K τ

TVL

14.42K τ

Lifetime Volume

278.35K τ

Holders

1,276

Owner Locked

763,677.5863 χ(30.87% of circulating)Perpetual

14d price

Revenue / Recycle

6.40×

last day · Net positive

Emissions

<0.01%of network emissions

TAO emitted to this subnet

Sent into its pool each day: its share of network emissions

0.1305 τ/day

0.1305 τ per day

Daily distribution

Alpha paid out each day, valued at the pool price

7,200.0000 χ/day

≈ 19.8654 τ·19.8654 τ per day

Miners43.92%

3,162.5603 χ ≈ 8.7257 τ/day

Validators38.08%

2,741.4726 χ ≈ 7.5639 τ/day

Owner18.00%

1,295.9670 χ ≈ 3.5757 τ/day

Stake 1,000 τ here

380.1725 χ/day≈ 1.0489 τ·1.0489 τ per day

From the validator share, before commission

40.35%staker APY

· 30d avg 40.35% · Stable

90d

Pool emits 1.0000 χ/block at 0.002759 τ/χ. Yield varies with stake weight, pool price, and emission rate.

For Miners

43.92% of emission

Slots

256/256Competitive

Burn Cost

0.0061 τ

Est. per Miner

0.6481 χ/epoch≈ 0.0018 τ

Pool / Epoch

158.1280 χ≈ 0.4363 τ

For Validators & Stakers

38.08% of emission

Validator Slots

8/6456 open

Est. per Validator

17.1342 χ/epoch≈ 0.0473 τ

Registration Activity

Neuron registration trends

This Interval

24h: 58 registrations (58 burn · 0 PoW)

Target / Interval

Slots Available

Competitive

256/256

Neurons

256

Development Activity

datura-ai/desearchRust

2824612 contributors209 commits/30dLast commit 0d ago

MIT

Top Contributors

Recent Releases

0.0.188470d ago 0.0.187470d ago 0.0.182559d ago 0.0.102898d ago 0.0.58961d ago

About

Decentralized search engine

Write-up pending

On-Chain Identitysigned on-chain by subnet owner

Desearch

Chi · Greek letter · pronounced “chi”

Owner: 5DFua…BxJn
Hotkey: 5CUu1…4dyP
Owner Cut: 18.00%
Contact: [email protected]

Registered: 2y 10mo ago(Dec 26, 2023)
Block: 2,009,702
Slot history: Every subnet in SN22
Neurons: 256/256
Tempo: 360 blocks

Website

URL: https://desearch.ai/ (desearch.ai, opens in a new tab, external site)
Status: Up200
TLS: Valid
Redirects to: https://www.desearch.ai/
Title: Desearch - Web Search API for AI Agents
Checked: 2026-11-05 04:02 UTC

Domain registered after this subnet started · Nov 25, 2024
Domain expires within 30 days · Nov 25, 2026

Changes (10)

2026-11-05 04:02 UTCUp200→ https://www.desearch.ai/Desearch - Web Search API for AI Agents
2026-11-04 04:01 UTCUp200→ https://www.desearch.ai/Desearch - Web Search API for AI Agents
2026-11-03 04:03 UTCUp200→ https://www.desearch.ai/Desearch - Web Search API for AI Agents
2026-11-02 04:02 UTCUp200→ https://www.desearch.ai/Desearch - Web Search API for AI Agents
2026-11-01 04:02 UTCUp200→ https://www.desearch.ai/Desearch - Web Search API for AI Agents
2026-10-31 04:02 UTCUp200→ https://www.desearch.ai/Desearch - Web Search API for AI Agents
2026-10-30 04:02 UTCUp200→ https://www.desearch.ai/Desearch - Web Search API for AI Agents
2026-10-29 04:02 UTCUp200→ https://www.desearch.ai/Desearch - Web Search API for AI Agents
2026-10-28 04:01 UTCUp200→ https://www.desearch.ai/Desearch - Web Search API for AI Agents
2026-10-27 04:02 UTCUp200→ https://www.desearch.ai/Desearch - Web Search API for AI Agents

Subnet History

SubnetIdentitySet 2025-11-25 15:54 UTC

Block 6,960,880Extrinsic

SubnetIdentitySet 2025-03-10 15:40 UTC

Block 5,098,534Extrinsic

Subnet registered 2023-12-26 00:06 UTC

Block 2,009,702Extrinsic

Recent Activity

SubnetIdentitySet Block 6,960,880 Extrinsic2025-11-25 15:54 UTC
SubnetIdentitySet Block 5,098,534 Extrinsic2025-03-10 15:40 UTC
NetworkAdded Block 2,009,702 Extrinsic2023-12-26 00:06 UTC

Write-up pending

No hardware? Back this subnet by staking instead New to mining? Start with the setup guide Validator setup guide

Day (UTC)

2026-11-04

0.0036%

2026-11-03

0.004%

2026-11-02

0.004%

2026-11-01

0.0041%

2026-10-31

0.004%

2026-10-30

0.0037%

2026-10-29

0.0035%

2026-10-28

0.0038%

2026-10-27

0.0038%

2026-10-26

0.0038%

2026-10-25

0.0038%

2026-10-24

0.0037%

2026-10-23

0.0017%

2026-10-22

0.0012%

2026-10-21

0.0011%

2026-10-20

0.0012%

2026-10-19

0.0005%

2026-10-18

0.0002%

2026-10-17

0.0002%

2026-10-16

0.0002%

2026-10-15

0.0002%

2026-10-14

0.0002%

2026-10-13

0.0002%

2026-10-12

0.0002%

2026-10-11

0.0002%

2026-10-10

0.0002%

2026-10-09

0.0002%

2026-10-08

0.0002%

2026-10-07

0.0002%

2026-10-06

0.0002%

2026-10-05

0.0001%

2026-10-04

0.00%

2026-10-03

0.00%

2026-10-02

0.00%

2026-10-01

0.00%

2026-09-30

0.00%

2026-09-29

0.00%

2026-09-28

0.00%

2026-09-27

0.00%

2026-09-26

0.0008%

2026-09-25

0.0011%

2026-09-24

0.0009%

2026-09-23

0.0009%

2026-09-22

0.0011%

2026-09-21

0.0011%

2026-09-20

0.0013%

2026-09-19

0.0011%

2026-09-18

0.001%

2026-09-17

0.0012%

2026-09-16

0.0014%

2026-09-15

0.0013%

2026-09-14

0.0015%

2026-09-13

0.0016%

2026-09-12

0.0016%

2026-09-11

0.0015%

2026-09-10

0.0014%

2026-09-09

0.0016%

2026-09-08

0.0015%

2026-09-07

0.0013%

2026-09-06

0.0017%

2026-09-05

0.002%

2026-09-04

0.0018%

2026-09-03

0.0018%

2026-09-02

0.0016%

2026-09-01

0.0012%

2026-08-31

0.0013%

2026-08-30

0.0013%

2026-08-29

0.0016%

2026-08-28

0.0017%

2026-08-27

0.0017%

2026-08-26

0.0015%

2026-08-25

0.0017%

2026-08-24

0.0017%

2026-08-23

0.0016%

2026-08-22

0.0018%

2026-08-21

0.002%

2026-08-20

0.0021%

2026-08-19

0.0022%

2026-08-18

0.002%

2026-08-17

0.002%

2026-08-16

0.002%

2026-08-15

0.0021%

2026-08-14

0.0019%

2026-08-13

0.0021%

2026-08-12

0.0023%

2026-08-11

0.0025%

2026-08-10

0.0027%

2026-08-09

0.0029%

2026-08-08

0.0024%

2026-08-07

0.0023%

What moved the price

Overview

Today so far

Subnet Configuration

Market & Economics

For Miners

For Validators & Stakers

Registration Activity

Development Activity

About

Website

Subnet History

Recent Activity

Participate

What moved the price

Today so far

Subnet Configuration

Market & Economics

For Miners

For Validators & Stakers

About

Website

Subnet History