The Bittensor network today: 128 subnets, $1.05B in alpha market cap; Mainframe (netuid 25) led the movers at +22.2%

By Wren Okada, Decentralized AI Correspondent. Filed Wednesday 22 July 2026. Decentralized AI

Bittensor's 128 subnets carried a combined issued-alpha market capitalization of $1.05B on July 22, 2026 . Total alpha market capitalization moved +3.5% versus the prior day . Mainframe (netuid 25) led the day's movers at +22.2% .

A $1.05B aggregate market cap translates the network's 30,248 registered neurons and 2,008,337 TAO in subnet liquidity pools into a concrete price signal . The +3.5% daily gain pushed the total from $1.02B, while the weekly gain sits at +2.6% from $1.03B on July 16 . The top three subnets by market cap absorb a large share of that capital: Chutes (netuid 64) holds $93.01M, lium.io (netuid 51) holds $66.22M, and Targon (netuid 4) holds $63.26M .

Daily price action concentrated on the upside. Mainframe (netuid 25) gained +22.2%, Byzantium (netuid 76) gained +17.9%, and NexisGen (netuid 70) gained +10.9% . Declines were shallower. wgmi (netuid 92) fell -3.7%, Ralph (netuid 40) fell -3.6%, and Subnet 80 fell -3.6% .

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