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

2026-11-11 UTC, as of ≈14:29 UTC (block 9,483,636)

Price, today so far: 0.02686 τ
Volume, today so far: 4.35K τ
Market cap incl. burned, today so far: 138.48K τ
TAO in pool, today so far: 34.85K 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

14/6450 open

Economics

Owner Cut

18.00%

Weights

Commit-Reveal

Enabled (v3, 1 epochs)

Liquid Alpha

Disabled

Weights Version

Weights Range

1–65535

Timing

Tempo

360~1.2h

Immunity Period

1~1m

Activity Cutoff

5,000~16.7h

Market & Economics

Market

Market Cap

111.71K τ

FDV

173.33K τ

TVL

69.70K τ

Lifetime Volume

2.11M τ

Holders

3,237−14.55% 7d·−15.22% 30d

Circulating alpha

4,159,324.2582 ب

Owner Locked

153,099.2600 ب(3.68% of circulating)Perpetual

14d price

Holder & circulating-alpha metrics as of 2026-11-11 00:00 UTC (daily close)

Revenue / Recycle

No recycle

last day

Emissions

3.59%of network emissions

TAO emitted to this subnet

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

129.3615 τ/day

129.3615 τ per day

Daily distribution

Alpha paid out each day, valued at the pool price

7,200.0000 ب/day

≈ 193.3757 τ·193.3757 τ per day

Miners43.92%

3,162.0196 ب ≈ 84.9247 τ/day

Validators38.08%

2,742.0134 ب ≈ 73.6443 τ/day

Owner18.00%

1,295.9670 ب ≈ 34.8067 τ/day

Stake 1,000 τ here

78.6760 ب/day≈ 2.1131 τ·2.1131 τ per day

From the validator share, before commission

22.58%staker APY

· 30d avg 22.58% · Stable

90d

Pool emits 1.0000 ب/block at 0.02686 τ/ب. Yield varies with stake weight, pool price, and emission rate.

For Miners

43.92% of emission

Slots

256/256Competitive

Burn Cost

0.0005 τ

Est. per Miner

7.5286 ب/epoch≈ 0.2022 τ

Pool / Epoch

158.1010 ب≈ 4.2462 τ

For Validators & Stakers

38.08% of emission

Validator Slots

14/6450 open

Est. per Validator

9.7929 ب/epoch≈ 0.2630 τ

Registration Activity

Neuron registration trends

This Interval

24h: 1 registration (1 burn · 0 PoW)

Target / Interval

Slots Available

Competitive

256/256

Neurons

256

Development Activity

hanlinai/engyPython

874 contributors11 commits/30dLast commit 1d ago

Top Contributors

Recent Releases

v0.4.1112d ago v0.4.0112d ago v0.3.1113d ago v0.3.0113d ago v0.2.1113d ago

What engy does

Running frontier open models at scale requires trusting inference providers to serve the model they claim—not a cheaper quantization or distillation masquerading as the original. Traditional centralized inference hides this risk behind a brand; decentralized networks of untrusted GPUs cannot. engy solves this by attaching a cryptographic commitment (TOPLOC proof) to every response, verifying that the model's activations match the canonical checkpoint. No TEEs or trusted hardware—the proof pins the math, not the machine.

A permissionless network of GPU miners serves frontier open models and proves compliance to validators who sample requests and recompute the proofs. The architecture splits proving (zero extra GPU cost, async tee off the response path) from verification (sampled, out-of-band). Because proof capture is fire-and-forget and verification runs independently, slow or dead validators never degrade serving—the SLA is owned by the gateway's admission gate, not consensus latency.

SN53 is live today with Qwen3.6-35B-A3B (35B/3B-active MoE, FP8) on consumer hardware—2× RTX 4090, single L40S, or datacenter cards. Miners register permissionlessly after proving they serve the canonical model through probe traffic. Light validators (CPU-only, no GPU, no model weights) fetch the master-signed epoch result, verify the signature, renormalize hotkeys against the chain metagraph, and submit on-chain weights every ~100 blocks to stay inside activity_cutoff. Scoring is per-miner, per-epoch, gated on acceptance rate, latency, and audit verdicts—only billed traffic mints weight.

Auto-generated from the GitHub repository and may not reflect the latest changes.

About

active

engy (SN53) is a Bittensor subnet providing verifiable inference for frontier open models on consumer GPUs. Miners serve committed model checkpoints with cryptographic TOPLOC proofs attached to every response; validators verify samples and set on-chain weights. Currently live with Qwen3.6-35B-A3B (35B/3B-active MoE, FP8) on 2× RTX 4090 or better hardware, verified end-to-end against published Merkle roots.

How it works

Buyers connect to a single OpenAI/Anthropic-compatible endpoint at api.engy.ai. The gateway authenticates, handles billing, and load-balances across 1st-party clusters and permissionless subnet miners equally via round-robin with prefix affinity. Every response carries a TOPLOC proof.

New subnet miners are probed on synthetic traffic before serving buyers; the gateway pulls any that fail SLA. Miners dial out over websocket to the gateway (no inbound port); they tokenize locally, call sglang serve, read hidden states, build the proof, and reply with completion+proof. The master validator (GPU-backed, engy-run) samples requests, recomputes TOPLOC proofs, scores each miner, and publishes a signed epoch result.

Light validators (any third party, CPU-only) fetch the signed result, verify the signature against the pinned master hotkey, renormalize and cross-check hotkeys against the chain metagraph, then submit on-chain weights via Yuma consensus every ~100 blocks to stay active. The chain distributes emissions.

Incentive mechanism

Per-(miner, model) pair, per epoch (weekly in prod): score = floor(Σ tokens(r) × score_rate[model] / 1000) if all four gates pass, else 0. Gates: (1) acceptance >99%, (2) TTFT p99 below model spec, (3) TPOT p99 below model spec, (4) cheat verdicts <1% of samples. Each gate has a minimum sample size below which it passes automatically.

Gates are applied in order; first failure zeroes the epoch. 'unproven' verdicts never gate. Scores renormalize to 65535; if zero total, the full amount goes to the owner hotkey (burn). On-chain weights apply under Yuma consensus.

The sections above were auto-generated from the GitHub repository and may not reflect the latest changes. View repository (github.com, opens in a new tab, external site)

On-Chain Identitysigned on-chain by subnet owner

engy

Beh · Arabic letter · pronounced “beh”

Verified inference for frontier open models.

Owner: 5H8SF…VL8Q
Hotkey: 5DXSB…1uvJ
Owner Cut: 18.00%
Contact: [email protected]

Registered: 2 years ago(Nov 6, 2024)
Block: 4,203,869
Slot history: Every subnet in SN53
Neurons: 256/256
Tempo: 360 blocks

Website

URL: https://engy.ai/ (engy.ai, opens in a new tab, external site)
Status: Up200
TLS: Valid
Title: engy · verified inference
Checked: 2026-11-11 04:02 UTC

Changes (10)

2026-11-11 04:02 UTCUp200engy · verified inference
2026-11-10 04:02 UTCUp200engy · verified inference
2026-11-08 04:03 UTCUp200engy · verified inference
2026-11-07 04:02 UTCUp200engy · verified inference
2026-11-06 04:02 UTCUp200engy · verified inference
2026-11-05 04:02 UTCUp200engy · verified inference
2026-11-04 04:02 UTCUp200engy · verified inference
2026-11-03 04:04 UTCUp200engy · verified inference
2026-11-02 04:02 UTCUp200engy · verified inference
2026-11-01 04:03 UTCUp200engy · verified inference

Subnet History

SubnetOwnerHotkeySet 2026-07-22 15:39 UTC

Block 8,678,225Extrinsic

SubnetIdentitySet 2026-07-22 12:40 UTC

Block 8,677,329Extrinsic

SubnetIdentitySet 2026-07-06 20:14 UTC

Block 8,564,437Extrinsic

SubnetIdentitySet 2025-03-12 02:55 UTC

Block 5,109,110Extrinsic

Subnet registered 2024-11-06 03:34 UTC

Block 4,203,869Extrinsic

Recent Activity

SubnetOwnerHotkeySet Block 8,678,225 Extrinsic2026-07-22 15:39 UTC
SubnetIdentitySet Block 8,677,329 Extrinsic2026-07-22 12:40 UTC
SubnetIdentitySet Block 8,564,437 Extrinsic2026-07-06 20:14 UTC
SubnetIdentitySet Block 5,109,110 Extrinsic2025-03-12 02:55 UTC
NetworkAdded Block 4,203,869 Extrinsic2024-11-06 03:34 UTC

This information was auto-extracted from the GitHub repository and may be incomplete or out of date. Always refer to the subnet's GitHub repository (github.com, opens in a new tab, external site) for the latest instructions.

Hardware Requirements

Miner

GPU ModelRTX 4090, RTX 5090, L40S, RTX 6000 Ada, H100, H200, or B200

VRAM48 GB

GPU Count2

Not yet verified: GPU, Notes

Validator

GPUNot required

OSLinux with Docker

Not yet verified: Network, Notes

Machine-extracted from the subnet's repository docs; may be wrong or out of date. Check the repository before buying or renting hardware. Open the repository (github.com, opens in a new tab, external site) · Extracted 5 Oct 2026

Miner Setup

Install sglang model server and miner dependencies

pip install "sglang>=0.4.6" toploc transformers torch numpy requests websockets

Copy the miner module (single file) to deployment location

cp miner/engy_miner.py /path/to/miner/

Download and place the Qwen3.6-35B-A3B FP8 checkpoint locally

# Place model checkpoint on local disk, e.g. /data/models/Qwen/Qwen3.6-35B-A3B-FP8

# Obtain miner key from https://provider.engy.ai

Start sglang serve with hidden-states and parser support (reference config for 4× RTX 4090)

PYTHONPATH=/path/to/engy/miner python -m sglang.launch_server --model-path /data/models/Qwen/Qwen3.6-35B-A3B-FP8 --served-model-name Qwen3.6 --tp-size 4 --trust-remote-code --kv-cache-dtype fp8_e4m3 --mem-fraction-static 0.83 --chunked-prefill-size 8192 --max-running-requests 8 --context-length 262144 --enable-return-hidden-states --enable-cache-report --tool-call-parser qwen3_coder --reasoning-parser qwen3 --host 0.0.0.0 --port 8000

Verify sglang server is running and responding

curl -s http://127.0.0.1:8000/get_model_info >/dev/null && echo "serve up"

Start the miner (set MAX_INFLIGHT to serve concurrency; minimum 8)

GW=wss://lb.engy.ai/gw MINER_KEY=<your-key> MODEL=qwen3.6-35b-a3b MAX_INFLIGHT=8 python miner/engy_miner.py --checkpoint /data/models/Qwen/Qwen3.6-35B-A3B-FP8 --serve-url http://127.0.0.1:8000

Validator Setup

Clone the engy repository

git clone https://github.com/hanlinai/engy && cd engy

Copy the validator environment template

cp .env.validator.example .env.validator

Fill in ENGY_SN53_WALLET and ENGY_SN53_WALLET_HOTKEY from btcli wallet list

# Edit .env.validator with your wallet name and hotkey name

Start the validator container with Docker (includes auto-update via Watchtower)

docker compose --env-file .env.validator -f docker/docker-compose.validator.yml up -d

Monitor validator logs to confirm operation

docker compose -f docker/docker-compose.validator.yml logs -f validator

Confirm wallet configuration in logs and validate on-chain registration

# Verify startup echoes wallet and hotkey confirmation, then check btcli for current weights and last_update

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

Day (UTC)

2026-11-10

3.59%

2026-11-09

3.80%

2026-11-08

3.96%

2026-11-07

3.94%

2026-11-06

3.77%

2026-11-05

3.94%

2026-11-04

4.16%

2026-11-03

4.26%

2026-11-02

4.23%

2026-11-01

4.27%

2026-10-31

4.30%

2026-10-30

4.24%

2026-10-29

4.40%

2026-10-28

4.28%

2026-10-27

4.21%

2026-10-26

4.29%

2026-10-25

4.22%

2026-10-24

4.25%

2026-10-23

4.16%

2026-10-22

4.20%

2026-10-21

4.46%

2026-10-20

4.57%

2026-10-19

4.68%

2026-10-18

4.79%

2026-10-17

4.90%

2026-10-16

5.07%

2026-10-15

5.19%

2026-10-14

5.19%

2026-10-13

5.04%

2026-10-12

5.00%

2026-10-11

4.86%

2026-10-10

4.69%

2026-10-09

4.58%

2026-10-08

4.75%

2026-10-07

4.69%

2026-10-06

4.45%

2026-10-05

4.31%

2026-10-04

4.36%

2026-10-03

4.65%

2026-10-02

4.87%

2026-10-01

4.68%

2026-09-30

4.66%

2026-09-29

4.25%

2026-09-28

4.32%

2026-09-27

4.63%

2026-09-26

4.98%

2026-09-25

4.87%

2026-09-24

4.61%

2026-09-23

4.75%

2026-09-22

4.30%

2026-09-21

3.95%

2026-09-20

3.84%

2026-09-19

3.64%

2026-09-18

3.53%

2026-09-17

3.60%

2026-09-16

3.58%

2026-09-15

3.59%

2026-09-14

3.72%

2026-09-13

3.38%

2026-09-12

3.25%

2026-09-11

3.06%

2026-09-10

3.07%

2026-09-09

3.36%

2026-09-08

3.69%

2026-09-07

4.15%

2026-09-06

4.59%

2026-09-05

4.72%

2026-09-04

4.90%

2026-09-03

4.96%

2026-09-02

4.54%

2026-09-01

3.89%

2026-08-31

4.00%

2026-08-30

4.03%

2026-08-29

4.07%

2026-08-28

4.26%

2026-08-27

3.89%

2026-08-26

3.76%

2026-08-25

3.78%

2026-08-24

3.92%

2026-08-23

3.90%

2026-08-22

4.06%

2026-08-21

4.34%

2026-08-20

4.34%

2026-08-19

4.47%

2026-08-18

4.58%

2026-08-17

4.60%

2026-08-16

4.56%

2026-08-15

4.26%

2026-08-14

4.32%

2026-08-13

4.33%

PYTHONPATH=/path/to/engy/miner python -m sglang.launch_server --model-path /data/models/Qwen/Qwen3.6-35B-A3B-FP8 --served-model-name Qwen3.6 --tp-size 4 --trust-remote-code --kv-cache-dtype fp8_e4m3 --mem-fraction-static 0.83 --chunked-prefill-size 8192 --max-running-requests 8 --context-length 262144 --enable-return-hidden-states --enable-cache-report --tool-call-parser qwen3_coder --reasoning-parser qwen3 --host 0.0.0.0 --port 8000

What moved the price

Overview

Today so far

Subnet Configuration

Market & Economics

For Miners

For Validators & Stakers

Registration Activity

Development Activity

What engy does

About

Website

Subnet History

Recent Activity

Participate

Hardware Requirements

Miner Setup

Validator Setup

What moved the price

Today so far

Subnet Configuration

Market & Economics

For Miners

For Validators & Stakers

What engy does

About

Website

Subnet History

Hardware Requirements

Miner Setup

Validator Setup