Across 128 subnets, the week was sharply dispersed: “for sale” led at +58.4%, while Prometheon fell -42.9%. SOMA gained +29.8% and RedTeam lost -34.2%, reinforcing the uneven picture. The top five held 32.5% of value and the top 10 held 48.0%, with median root proportion at 0.16. The most interesting finding is zero verified burns despite 16 subnets claiming buybacks on register, while only 11 had on-chain evidence within 30 days. If that gap persists, allocators will need to distinguish stated mechanisms from transactions visible on-chain.
No indexed AlphaBurned or AlphaRecycled event was found in the window.
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 32.5% of subnet market cap and the ten largest 48.0%. Over the last 90 days the top-5 share moved +3.2% (from 29.3% on 2026-06-23) and the top-10 share +4.4%.
The median subnet's root proportion is 0.16, -0.013 against 0.173 on 2026-06-23. 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) |
|---|---|---|
| SN112 | +58.4% | 11,382τ |
| SN114 | +29.8% | 30,162τ |
| SN66 | +26.7% | 16,384τ |
| SN41 | +19.3% | 26,387τ |
| SN126 | +15.1% | 6,826τ |
| SN108 | -42.9% | 2,578τ |
| SN61 | -34.2% | 57,256τ |
| SN78 | -34.0% | 3,899τ |
| SN93 | -26.8% | 72,964τ |
| SN90 | -24.8% | 9,313τ |
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.