Decentralized AI today: MOR $2.138 (-4.6%), 128 Bittensor subnets at $1.03B

By Wren Okada, Decentralized AI Correspondent. Filed Saturday 1 August 2026. Decentralized AI

Morpheus token MOR traded at $2.138 on August 1, 2026, down 4.6% in 24 hours, while 128 Bittensor subnets carried $1.03 billion in issued-alpha market capitalization, up 0.9% . Morpheus users opened 3,607 paid AI inference sessions that day, and Bittensor stakers kept 2,010,230 TAO committed in subnet liquidity pools .

The figures show a split between active demand and staked conviction across the two networks. Morpheus tracks usage through paid sessions, while Bittensor measures commitment through TAO locked in liquidity pools . The modest gain in Bittensor market capitalization contrasts with the MOR price decline, pointing to divergent short-term pressures on each token .

Inside Morpheus, 32 compute providers served 298 live AI models . The sharpest demand spike came from text-embedding-bge-m3, which saw an 833% increase in session demand . That single model's surge in paid inference sessions outpaced all other usage moves across both networks . The 3,607 total paid sessions represent the baseline of commercial activity against which that embedding demand spike registers .

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