Corrected 10 September 2026: burn totals now use actual AlphaBurned and AlphaRecycled events, including combined buy-and-burn operations previously omitted. This issue's window contains 30,199 alpha across 11 subnets. TAO valuations use the panel available on the issue date; this does not establish revenue funding.
Indexed AlphaBurned and AlphaRecycled outcomes this week: 30,199 α ≈ 357.0τ across 11 subnets. Actual emitted alpha amounts; TAO values use panel prices.
| Subnet | Name | α burned | τ value | USD | Burns | Wallets |
|---|---|---|---|---|---|---|
| SN49 | Nepher Robotics | 17,233 | 142.2τ | – | 2 | 1 |
| SN53 | engy | 1,931 | 57.0τ | – | 3 | 1 |
| SN8 | Vanta | 1,844 | 51.6τ | – | 164 | 1 |
| SN11 | TrajectoryRL | 5,300 | 41.0τ | – | 106 | 17 |
| SN68 | NOVA | 1,103 | 24.4τ | – | 25 | 1 |
| SN64 | Chutes | 316 | 23.4τ | – | 113 | 43 |
| SN74 | Gittensor | 1,760 | 6.9τ | – | 67 | 1 |
| SN62 | Ridges | 360 | 4.0τ | – | 167 | 23 |
| SN80 | OpenRoboto | 261 | 3.8τ | – | 37 | 15 |
| SN90 | KubeTEE | 91 | 2.7τ | – | 2 | 1 |
| SN88 | Investing | 0 | 0.0τ | – | 1 | 1 |
13 subnets that publicly claim revenue-funded alpha buys had no indexed burn this week: SN4 Targon, SN19 Blockmachine, SN21 AdTAO, SN33 ReadyAI, SN34 BitMind, SN41 Almanac, SN50 Synth, SN51 Lium, SN54 Yanez, SN56 Gradients, SN93 Bitcast, SN110 Green Compute, SN118 Ditto. A claim without a burn is not false: alpha bought and held in a treasury does not create a burn event. A burn does not establish a preceding market purchase or revenue funding.
AlphaBurned and AlphaRecycled event outcomes, by UTC day, over
the last 90 panel days. Each subnet's alpha is valued at the panel's latest price for that subnet, so
the height is comparable across days at today's prices, not the price on the day.The five largest subnets hold 31.9% of subnet market cap and the ten largest 46.6%. Over the last 90 days the top-5 share moved +3.7% (from 28.2% on 2026-06-06) and the top-10 share +4.3%.
The median subnet's root proportion is 0.156, -0.017 against 0.173 on 2026-06-06. Root proportion is the share of a subnet's stake weight that comes from root (netuid 0) rather than its own alpha; as it falls, the subnet's own token carries more of its validation.
Market-cap change over the week, excluding subnets under 2,000τ where a large percentage move carries no information.
| Subnet | 7d | Market cap (τ) |
|---|---|---|
| SN103 | +83.9% | 3,685τ |
| SN94 | +58.4% | 7,568τ |
| SN117 | +51.2% | 9,049τ |
| SN61 | +49.8% | 65,828τ |
| SN91 | +36.0% | 11,399τ |
| SN76 | -26.5% | 2,208τ |
| SN39 | -15.7% | 33,442τ |
| SN54 | -11.3% | 20,619τ |
| SN38 | -10.8% | 13,126τ |
| SN31 | -10.2% | 6,434τ |
One snapshot per day, unbroken since dTAO opened, plus a direct chain read of owner wallets for the buyback figures. Nothing here is estimated, modelled or sourced from a disclosure. It is what the chain showed. Where a figure has a known limit, the limit is stated next to it rather than in a footnote.