Log change over the last 30 days −4.77%: protocol buys +10.00%, root sells −0.81%, users net −14.01%, cross-subnet +0.05%, unattributed +0.000000000000000000035%.

Protocol buy
User buy (staking)
Cross-subnet
Root sell (dividend claims)
User sell (unstaking)
Residual
Price path
Market candle

About this chart

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

2026-11-08 UTC, as of ≈18:28 UTC (block 9,463,229)

Price, today so far: 0.0233 τ
Volume, today so far: 263.99 τ
Market cap incl. burned, today so far: 99.00K τ
TAO in pool, today so far: 52.84K 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

11/6453 open

Economics

Owner Cut

18.00%

Weights

Disabled

Disabled

4062

1–65535

Timing

Tempo

360~1.2h

Immunity Period

5,000~16.7h

Activity Cutoff

5,000~16.7h

Market & Economics

Market

Market Cap

61.24K τ

FDV

151.84K τ

TVL

105.68K τ

Lifetime Volume

1.17M τ

Holders

5,541

Owner Locked

646,541.0033 ι(24.60% of circulating)Perpetual

14d price

Revenue / Recycle

> 1,000×

last day · Net positive

Emissions

3.08%of network emissions

TAO emitted to this subnet

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

110.7417 τ/day

110.7417 τ per day

Daily distribution

Alpha paid out each day, valued at the pool price

7,200.0000 ι/day

≈ 167.7678 τ·167.7678 τ per day

Miners43.89%

3,160.1951 ι ≈ 73.6359 τ/day

Validators38.11%

2,743.8378 ι ≈ 63.9344 τ/day

Owner18.00%

1,295.9670 ι ≈ 30.1974 τ/day

Stake 1,000 τ here

51.9288 ι/day≈ 1.2100 τ·1.2100 τ per day

From the validator share, before commission

37.83%staker APY

· 30d avg 37.83% · Stable

90d

Pool emits 1.0000 ι/block at 0.0233 τ/ι. Yield varies with stake weight, pool price, and emission rate.

For Miners

43.89% of emission

Slots

256/256Competitive

Burn Cost

0.0005 τ

Est. per Miner

158.0098 ι/epoch≈ 3.6818 τ

Pool / Epoch

158.0098 ι≈ 3.6818 τ

For Validators & Stakers

38.11% of emission

Validator Slots

11/6453 open

Est. per Validator

12.4720 ι/epoch≈ 0.2906 τ

Registration Activity

Neuron registration trends

This Interval

24h: 6 registrations (6 burn · 0 PoW)

Target / Interval

Slots Available

Competitive

256/256

Neurons

256

Development Activity

macrocosm-os/iotaPython

362510 contributors6 commits/30dLast commit 7d ago

Top Contributors

macrocosmos-ci-cd-bot[bot]4

RodrigoLPA4

dperezmavro2

bkb21351

Recent Releases

v3.0.0244d ago v.0.3.4454d ago v0.2.0499d ago v0.1.0524d ago

What iota does

Large language model pretraining requires enormous computational resources and time. Centralized training on GPU clusters is expensive, slow, and inaccessible to most researchers and organizations. A distributed approach could leverage idle compute across many machines, but coordinating heterogeneous, unreliable, and mutually untrusting participants in a shared training run has been technically intractable—there is no standard way to verify that distributed workers performed their assigned computation correctly without trusting each worker's self-reports.

Iota addresses this by building a decentralized training network where miners compete to process training activations across model layers, submit their work to an orchestrator for coordination, and earn token rewards based on throughput and correctness. Validators independently spot-check miners by downloading and recomputing activations, using BLAKE3 hashes to verify integrity. The orchestrator routes activations between miners via peer-to-peer QUIC connections (eliminating S3 as a bottleneck), manages layer assignment, and coordinates weight merges via Butterfly All-Reduce.

On Bittensor subnet 9, miners run a validator service that accepts incoming activation requests from peers, serves cached intermediate tensors via P2P, and uploads weights to S3. Validators run independently, pulling activations and weights for spot-checks, verifying computational correctness with hash chains, and reporting results to the orchestrator. The incentive mechanism rewards miners for throughput (activations processed per unit time) and penalizes computational errors detected by validators, creating a permissionless, verifiable alternative to centralized training infrastructure.

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

About

active

IOTA (Incentivized Orchestrated Training Architecture) is a distributed framework for pretraining large language models across heterogeneous, permissionless, and token-incentivized machines. It uses data and pipeline parallelism to distribute model layers across miners, with validators spot-checking work. Miners compete to process activations efficiently, upload weights, and merge activations via Butterfly All-Reduce, while validators ensure correctness.

How it works

IOTA uses a distributed pipeline-parallel architecture where the orchestrator assigns model layers to heterogeneous miners and coordinates activation flow. Miners process activations through their assigned layers and communicate results via P2P (QUIC) for inter-layer activations or S3 for initial samples and targets. All miners periodically upload local weights and coordinate merges via Butterfly All-Reduce.

Validators run independently to spot-check miner work by downloading activations, verifying BLAKE3 hashes, and ensuring computational correctness. The orchestrator manages layer assignment, routes activation requests to producer miners, generates presigned S3 URLs for large uploads via multipart coordination, and tracks miner registration and activation state.

Incentive mechanism

Miners receive activations from the orchestrator, process them through their assigned layer(s), compute outputs, upload weights periodically, and merge activations using Butterfly All-Reduce. Validators randomly select activations (spot-check rate configurable, default 1%) and verify hash integrity and correctness. Miners are penalized for failed validations or missing work.

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

iota

Iota · Greek letter · pronounced “iota”

Bringing liquid training to the world

Owner: 5Fsbu…JJZ9
Hotkey: 5Fsbu…JJZ9
Owner Cut: 18.00%
Contact: [email protected]

Registered: 3 years ago(Oct 14, 2023)
Block: 1,489,797
Slot history: Every subnet in SN9
Neurons: 256/256
Tempo: 360 blocks

Website

URL: https://iota.macrocosmos.ai/ (iota.macrocosmos.ai, opens in a new tab, external site)
Status: Up200
TLS: Valid
Checked: 2026-11-08 04:04 UTC

Domain registered after this subnet started · Jan 29, 2024

Changes (4)

2026-11-05 04:03 UTCUp200
2026-11-03 04:05 UTCUp200
2026-10-14 04:02 UTCUp200
2026-10-13 08:01 UTCUp200

Subnet History

SubnetIdentitySet 2026-08-23 19:53 UTC

Block 8,909,834Extrinsic

SubnetIdentitySet 2026-08-03 11:58 UTC

Block 8,763,482Extrinsic

SubnetIdentitySet 2025-08-28 12:57 UTC

Block 6,319,282Extrinsic

SubnetIdentitySet 2025-07-12 12:37 UTC

Block 5,980,789Extrinsic

SubnetIdentitySet 2025-07-05 12:04 UTC

Block 5,930,231Extrinsic

Recent Activity

SubnetIdentitySet Block 8,909,834 Extrinsic2026-08-23 19:53 UTC
SubnetIdentitySet Block 8,763,482 Extrinsic2026-08-03 11:58 UTC
SubnetIdentitySet Block 6,319,282 Extrinsic2025-08-28 12:57 UTC
SubnetIdentitySet Block 5,980,789 Extrinsic2025-07-12 12:37 UTC
SubnetIdentitySet Block 5,930,231 Extrinsic2025-07-05 12:04 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

GPURequired

GPU ModelRTX 4090

OSUbuntu 22.04 (Jammy)

Not yet verified: VRAM, Notes

Validator

Not found in the repository docs.

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 28 Sep 2026

Miner Setup

Install uv package manager

curl -LsSf https://docs.astral.sh/uv/ | sh

Run setup script and select Miner option

bash setup.sh

Configure environment variables in .env

# Configure .env file with required settings

Start the miner

bash ./start_miner.sh

Optionally run miner in background using PM2(optional)

pm2 start pm2/miner.config.js

Validator Setup

Install uv package manager

curl -LsSf https://docs.astral.sh/uv/ | sh

Run setup script and select Validator option

bash setup.sh

Configure environment variables in .env

# Configure .env file with required settings

Start the validator service

./start_validator.sh

Alternative: run multiple validator instances directly with Python(optional)

python launch_validator.py --host 0.0.0.0 --port 8081 --count 3

Optionally run validator in background using PM2(optional)

pm2 start pm2/validator.config.js

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

Day (UTC)

2026-11-07

3.08%

2026-11-06

3.08%

2026-11-05

3.10%

2026-11-04

3.04%

2026-11-03

3.03%

2026-11-02

2.98%

2026-11-01

2.67%

2026-10-31

2.32%

2026-10-30

2.43%

2026-10-29

1.95%

2026-10-28

1.95%

2026-10-27

2.79%

2026-10-26

3.08%

2026-10-25

3.09%

2026-10-24

3.06%

2026-10-23

2.99%

2026-10-22

2.93%

2026-10-21

2.89%

2026-10-20

2.86%

2026-10-19

2.80%

2026-10-18

2.86%

2026-10-17

2.91%

2026-10-16

2.94%

2026-10-15

2.98%

2026-10-14

3.01%

2026-10-13

3.07%

2026-10-12

3.08%

2026-10-11

3.09%

2026-10-10

3.11%

2026-10-09

3.11%

2026-10-08

3.12%

2026-10-07

3.18%

2026-10-06

3.21%

2026-10-05

3.07%

2026-10-04

2.93%

2026-10-03

2.25%

2026-10-02

2.60%

2026-10-01

2.55%

2026-09-30

2.88%

2026-09-29

3.15%

2026-09-28

2.74%

2026-09-27

2.26%

2026-09-26

2.28%

2026-09-25

1.57%

2026-09-24

1.92%

2026-09-23

2.64%

2026-09-22

1.19%

2026-09-21

2.58%

2026-09-20

1.80%

2026-09-19

2.03%

2026-09-18

2.27%

2026-09-17

2.58%

2026-09-16

3.35%

2026-09-15

3.06%

2026-09-14

2.35%

2026-09-13

2.52%

2026-09-12

2.87%

2026-09-11

3.45%

2026-09-10

2.44%

2026-09-09

1.17%

2026-09-08

0.00%

2026-09-07

0.00%

2026-09-06

0.00%

2026-09-05

0.00%

2026-09-04

0.00%

2026-09-03

0.00%

2026-09-02

2.37%

2026-09-01

3.86%

2026-08-31

3.88%

2026-08-30

3.92%

2026-08-29

4.07%

2026-08-28

3.41%

2026-08-27

4.05%

2026-08-26

4.10%

2026-08-25

4.12%

2026-08-24

4.19%

2026-08-23

4.15%

2026-08-22

4.11%

2026-08-21

4.05%

2026-08-20

4.07%

2026-08-19

4.15%

2026-08-18

3.05%

2026-08-17

2.11%

2026-08-16

2.13%

2026-08-15

2.08%

2026-08-14

2.10%

2026-08-13

2.09%

2026-08-12

2.15%

2026-08-11

0.40%

2026-08-10

0.00%

What moved the price

Overview

Today so far

Subnet Configuration

Market & Economics

For Miners

For Validators & Stakers

Registration Activity

Development Activity

What iota 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 iota does

About

Website

Subnet History

Hardware Requirements

Miner Setup

Validator Setup