Subnet 86 is Decentralized AI subnet 86 on the Bittensor network. It operates as Subnet 86 on the Bittensor network.

How do I join Subnet 86?

Registration for Subnet 86 (Subnet 86) is currently open. You can participate as a miner or validator on the Bittensor network. Visit bittensor.ai/subnets/86 for current registration details and hardware requirements.

Subnet 86 (Subnet 86) is owned by the coldkey 5F4XAWGz...P7mWXJ. View the full subnet details on bittensor.ai.

Subnet 86 (SN86)

TAO$270.82

BTC0.0033

MCap$3.1B

Vol$331.0M

Pool & Liquidity

Balancer

TAO side

709.21 τ

⟷

ᚳ side

118.4K ᚳ

Reserve ratio0.005990τ/ᚳ

Reserve value (est.)1,418.413τ

DepthLive quote required for Balancer

Net flow (recent)48.20τ out

Reg. burn (total)2.081τ

24h burned0.0005τ

Reserve-only depth estimates are not valid for Balancer pools. Use a live trade quote for executable slippage.

Volume2.126τ

Balancer is the live post-v423 pool mechanism. The displayed reserve ratio and value are context, not an executable spot quote; use a live runtime quote for price and slippage.

Buy / Sell Volume (30d)

Valuation & Supply

from daily candles, as of 2026-07-24

MVRV & NUPL

Capitulation

MVRV0.00

NUPL-985475.57

Market cap$51.5K

Realized cap$50.7B

Realized price$428.6K

MVRV Z-Score

Bottom zone

Z-Score-3.84

MC − RC-$50,746,355,499.12

History used469 days

Mayer Multiple

Below trend

Multiple0.45

Price$0.43

200d MA$0.98

Power-Law Fair Value

+73.2% vs fair value

Fair value$0.25

Price$0.43

Fit R²0.41

Pool age477 days

Emission Halving

~4.0 years

Progress to halving #11.1%

ᚳ to next halving10.4M ᚳ

Emission after halving0.50 ᚳ/block

Delayed by recycling<1 day

Supply Dynamics

Net inflation (24h)+6.081%

Daily emission+6.081%

Burn rate (7d)0.000%

Burn rate (30d, annualized)0.00%

Indicators are computed from daily candles and refresh once per day — directional context, not trading advice.

Emissions

Recent emission events for this subnet

Block	UID	Type	TAO	Alpha

Holder Growth

Activity

Time↓	Type	Event	τ Amount	ᚳ Amount	USD Value	Account

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Subnet 86 (SN86) | Bittensor.ai

Market

Participate

Market

Participate

Pool & Liquidity

Valuation & Supply

MVRV & NUPL

MVRV Z-Score

Mayer Multiple

Power-Law Fair Value

Emission Halving

Supply Dynamics

Emissions

Activity

Pool & Liquidity

Valuation & Supply

MVRV & NUPL

MVRV Z-Score

Mayer Multiple

Power-Law Fair Value

Emission Halving

Supply Dynamics

Emissions

Activity

Root funds holding this subnet