Trying to add some value while learning out loud. I like Utility. Building @WeAreSubConnect
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RVCrypto retweeted
Bittensor bittensor:native ecosystem is on fire. Revenue run rate is growing 40% month over month
$35M → $50M → $70M.
Another month, another 40% MoM increase in annualized revenue across the Bittensor ecosystem.
When we published the first SubConnect Bittensor Revenue Index, we estimated that revenue-generating subnets were collectively doing around $35M in annualized revenue.
A month later, that number had grown to approximately $50M.
Today, we're estimating $70M in annualized revenue.
That's a 100% increase in just two months.
Of course, annualized revenue is a snapshot, and the real challenge is sustaining that growth while improving margins and reducing dependence on emissions, but the direction is clear.
Bittensor is growing from the inside out.
And our expectation of $100M+ in annualized revenue by the end of 2026 is getting closer.
We'll continue tracking the numbers every month through the SubConnect Bittensor Revenue Index.
RVCrypto retweeted
A major milestone for Forge and Endure, $TAO SN30.
Building the financial infrastructure for Bittensor takes time, careful preparation and the right partners.
We're proud of what the team has accomplished behind the scenes and grateful to @taodotcom for their support throughout the process.
With the audits completed and the necessary improvements implemented, Forge is now preparing for its mainnet launch.
Close to unlocking capital efficiency across the Bittensor ecosystem.
Exciting times ahead!
Mainnet update:
We have been working towards mainnet for quite some time, and we want to be transparent about what was happening behind the scenes.
Getting this right was always more important than getting it done fast. Forge is built to handle real capital, and that requires a strong foundation that has been fully reviewed and secured.
We worked closely with @taodotcom throughout this process. While Forge was being audited, tao.com conducted a broader audit on their wstAlpha wrappers and the underlying BittensorEVM stack, providing solid ground to build DeFi in the Bittensor ecosystem.
The audits flagged specific items, all of which were addressed before moving forward.
None of this would have been possible without the excellent work of the tao.com team. We’re glad to have them as partners.
Now, Forge is ready to start the countdown to mainnet.
RVCrypto retweeted
Why Engy, $TAO SN53, is winning right now.
Demand for inference is growing hard + add a 30% discount with no loss of quality and it makes sense to change providers.
No wonder revenue and tokens spend are moving up and to the right hard.
RVCrypto retweeted
Today at 3PM UK time, we're going live with Almanac for another SubConnect $TAO X Space!
Almanac recently crossed $20M in trading volume through its terminal, with nearly half of that coming in the last 30 days.
We'll discuss their progress and what's next before opening up the floor for our usual discussion about everything happening across the Bittensor ecosystem.
See you at 3PM UK time!
RVCrypto retweeted
We just killed cold outreach.
Introducing Leadpoet: the AI sales agent that finds buyers who need you now, writes personalized outreach, and follows up on LinkedIn and email.
Used by Dropbox, OnePatch (YC26), Muttdata.
Comment “Poet” for 100 free lead credits to find qualified buyers.
RVCrypto retweeted
Jeff Bezos in the early 2000's seeing Amazon's lagging stock price -- and seeing all the internal metrics of Amazon going up and to the right.
He knew that disconnect would right itself violently at some point.
Having been in Bittensor bittensor:native for a little over a year, I've seen how the subnets and ecosystem have evolved.
Subnets are generating real revenue. Real partnerships. Real clients.
Subnets are using other subnets to propel their own product/data. Think Reeds Law (look it up).
Subnets are buying and burning their own alpha token.
I did not see anything near this amount of evolvement a year ago. The speed and progress from the subnets seem to be compounding over time. What once took 6 months from a subnet is now weeks.
From my POV, if I was to chart subnet shipping speed and progress, the chart would be up and to the right.
We literally just had one subnet (Lium SN51) buy $1,500,000 worth of their alpha token and burn it.
Month over month growth and not slowing down. Just incredible progress.
I say all this to point out that the bittensor:native token price will eventually follow. It has to. Subnet revenue in August was roughly $30 million while Sept was roughly $50 million. Again, substantial month over month % growth.
I think those of us who pay attention to the Bittensor eco can ultimately see where this is going, but those outside of Bittensor may have no idea. They probably view bittensor:native as just a 21m hard cap token. Do these people even know Bittensor has subnets. Do they know the subnets have their own token which also has 21m hard caps? Do they know the subnets are generating month over month increases in revenue?
I could keep going - you get the picture. This has got to be the most bullish asymmetric bets out there.
Bags are packed. Waiting.
RVCrypto retweeted
seems every token is dependent on 1 team hitting a grand slam.
except $tao.
phase 1, right now, has:
- over $50m ARR
- growing 40% MoM
- from a dozen different teams
- all routing into $TAO
conceptual phase 2 will soon be:
- over $100m ARR
- growing at increasing velocity
- from, eventually, dozens of teams
- all accruing to $TAO
and phase 3+:
- more subnet slots
- eventually infinite subnet slots
- dTao designed to kill scams
- infinite teams buying back $TAO
more teams buying back means:
- more revenue
- faster revenue
- risk-mitigated revenue
- both a) safer and b) higher upside
this is exactly the Intelligence Flywheel people are looking for.
$TAO is sitting on a functioning and accelerating revenue machine.
boundless ai.
RVCrypto retweeted
We're incredibly excited to officially announce our strategic investment in @LeadpoetAI, $TAO SN71.
We've been following Leadpoet closely for quite some time and believe the team has built something with enormous commercial potential.
After a year of building, improving the product and validating it with real customers, we believe Leadpoet is now entering its next phase, where the focus shifts increasingly towards distribution and scaling revenue.
We're proud to back the team and look forward to contributing to what we believe could become one of the strongest revenue businesses in the Bittensor ecosystem.
We’re excited to announce a strategic investment from @WeAreSubConnect into Leadpoet.
With SubConnect’s backing, we’re doubling down on distribution and bringing Leadpoet to more teams.
We’ve spent the last year building, shipping, and proving the product with real customers.
Now it’s time to scale.
We’re also hiring a Founding GTM Engineer to help us do it.
Apply 👇
RVCrypto retweeted
We’re excited to announce a strategic investment from @WeAreSubConnect into Leadpoet.
With SubConnect’s backing, we’re doubling down on distribution and bringing Leadpoet to more teams.
We’ve spent the last year building, shipping, and proving the product with real customers.
Now it’s time to scale.
We’re also hiring a Founding GTM Engineer to help us do it.
Apply 👇
RVCrypto retweeted
This is exactly what we want to see from Leadpoet, $TAO SN71.
They doubled sales in September, but what makes that growth interesting to us is the timing.
September was the month the team started actively using and optimizing V2 themselves to generate leads and grow their own business.
That is the strongest validation they could ask for. If your own sales intelligence product helps you double clients and revenue in a month, while every new customer and interaction generates more data to improve that same product, you start to see why we are so bullish.
We've said before that we believe Leadpoet is one of the more undervalued subnets in Bittensor today. If they can continue this trajectory, we expect it to develop one of the strongest revenue flywheels in the ecosystem.
Now let's see if they can double it again in October.
September was a big month for @LeadpoetAI.
Doubled sales.
Started our sales agent competition.
Rolled out outreach to early users.
Presented at Exploit.
Now for October:
Double sales again.
Keep pushing the frontier of sales intelligence.
Launch our biggest product update yet.
Help more subnets go to market.
What excites me most is how these pieces are starting to reinforce each other.
The product improves. The pipeline grows. The competition gets stronger.
RVCrypto retweeted
Tomorrow, Endure ($TAO SN30) goes live on Bittensor mainnet.
Risk intelligence that is competitive, outcome-scored, and auditable is almost here.
RVCrypto retweeted
"Bittensor began to earn, with outside customers now paying its subnets $50mm to $65mm a year by our estimates, a significant multiple of what they paid a year earlier."
Revenue is becoming top of mind across the entire $TAO ecosystem, including for our fellow ecosystem bulls at Stillcore.
Great to see this research and attention going towards what we believe is the most important crypto innovation after Bitcoin.
This is a must read.
Bitcoin decentralized money. Bittensor is decentralizing intelligence
$TAO 2030 is our case for Bittensor becoming a $1tn+ ecosystem by 2030
RVCrypto retweeted
In two hours, at 3PM UK time, we will host our 3rd All Things $TAO X Space.
Today, we'll host Jill Kenney, CEO of @sundaebar_ai, to talk about all their recent releases and specifically the agent products we've been testing over the last 24 hours.
After that, we'll chat about all things Exploit, which we were able to follow thanks to the incredible @vidaio_ live streams.
And next to that, we'll discuss Gamma, what it is, and what it could mean for the future of Bittensor.
See you in two hours!
RVCrypto retweeted
The next phase of Bittensor is here!
We have been very vocal about what we see as the next phase of the Bittensor ecosystem: moving from emission-dependent subnets toward self-sustaining subnet economies.
A month ago, when we published the Bittensor Revenue Index, we argued that this next phase for $TAO was already underway.
After listening to the conversations and presentations at @ExploitSummit, that conviction has only grown stronger and the numbers are starting to reflect it.
When we published the Revenue Index, we estimated annualized revenue across the subnet ecosystem at around $35M. Just one month later, that number has grown to more than $50M.
That's over 40% month-over-month growth in annualized revenue.
Very impressive, and suddenly our $100M EOY revenue target doesn't seem that far away anymore.
RVCrypto retweeted
We covered Engy, $TAO SN53, in our Bittensor Revenue Index, but at the time the subnet had only been operational for a couple of weeks. The numbers simply didn't do the opportunity justice yet, so it's due for an update.
Over the past month, and especially over the last couple of days, Engy has shown consistent growth in both token requests and revenue-funded buys and burns of its Alpha token (see images).
The latest update from the team is that Engy reached a $10K revenue day for the first time on September 21st. And as @algodtrading explained: it's only one day, but thats how it always starts.
That's the important part if you ask us. It gives investors perspective on both where Engy is today and where it could be heading. Sustain the current level and you're looking at roughly $4M in annualized revenue. Continue the growth trajectory and things get really interesting.
On top of that, a new batch of US-based B300s is expected to come online as additional miner hardware in roughly three weeks, with the team reportedly already having customers lined up for that capacity. As always, we want to see that translate into actual token demand and revenue-funded buys on-chain. But so far, many of the things the team has talked about have subsequently become reality.
Based on the current trajectory and the additional mining capacity coming online, Engy is becoming a real contender to become one of the largest revenue generating subnets on Bittensor.
And we're all for some healthy competition for that #1 revenue generating subnet crown.
RVCrypto retweeted
We are witnessing the instantiation of a subnet into legacy human energy infrastructure.
Bittensor utility from @webuildscore reaching beyond the digital barrier to capture value. $TAO
RVCrypto retweeted
Really great to see this level of transparency from GM, $TAO SN28.
More and more subnets are starting to openly communicate about revenue, costs and how that revenue flows back into Alpha.
This is exactly the kind of transparency the ecosystem needs as it moves toward sustainable businesses.
And it makes our job easier too.
The more data subnet teams make publicly available, the more comprehensive and accurate the next SubConnect Bittensor Revenue Index will become.
Keep it coming.
