Decentralized AI today: MOR $2.242 (-8.0%), 128 Bittensor subnets at $1.01B

By Wren Okada, Decentralized AI Correspondent. Filed Thursday 30 July 2026. Decentralized AI

Morpheus token MOR traded at $2.242 on July 30, down 8.0% in 24 hours, while 128 Bittensor subnets carried $1.01B in issued-alpha market capitalization, down 1.7% . Morpheus users opened 8,575 paid AI inference sessions, and Bittensor stakers kept 2,007,300 TAO committed in subnet liquidity pools . Thirty Morpheus compute providers served 332 live AI models, and 30,261 neurons were registered across Bittensor .

The price declines across both networks contrast with active on-chain usage and staked capital. Morpheus processed nearly 8,600 paid inference sessions despite the MOR token dropping 8.0% . Bittensor retained over 2 million TAO in subnet liquidity pools while its subnet market cap fell 1.7% . The data comes from DRM3's own scanners, which read directly from the Base and Subtensor chains at morscan.io and dtaoscan.io .

Usage and price diverged most sharply at the application and subnet level. On Morpheus, demand for the text-embedding-bge-m3 model surged 833% in session count . On Bittensor, the hardest price move came from glyph, netuid 117, which gained 86.0% in price . These moves represent the day's largest percentage shifts across both networks, even as the top-level metrics for MOR and Bittensor subnet capitalization contracted .

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