Crypto NewsAltcoinBarry Silbert Highlights This Altcoin: “The Ecosystem Is on Fire”

Barry Silbert Highlights This Altcoin: “The Ecosystem Is on Fire”

Barry Silbert, founder of Digital Currency Group, has drawn attention by sharing up-to-date data on an altcoin.

Follow Bitcoin Sistemi Google News Button

Digital Currency Group founder Barry Silbert brought TAO back into the spotlight by highlighting the revenue growth in the Bittensor ecosystem.

According to SubConnect data shared by Silbert on X, the annualized revenue of revenue-generating subnets within the Bittensor ecosystem has risen to approximately $70 million. This figure was around $35 million two months ago and $50 million last month.

Thus, a 40 percent increase was recorded in the last month, and approximately 100 percent in the last two months. Silbert also shared this data, stating that the Bittensor ecosystem is “on fire” and revenues are growing by 40 percent monthly.

Related News  This Blockchain Is Abandoning Its Own Network—It Has Issued an Official Statement Regarding the Switch to Another Network

SubConnect’s calculation is based on extending the current revenue growth rate of the subnets over a year. Revenue generated by these AI service networks from customers is considered separately from incentives given through token distribution.

The research team also maintains its expectation of annualized revenue exceeding $100 million by the end of 2026. The next phase will focus on improving profit margins alongside revenue growth and reducing the dependence of subnetworks on token incentives.

*This is not investment advice.

Follow our Telegram and X account now for exclusive news, analytics and on-chain data!
guest

0 Comments
Latest
The oldest Top Rated

Popular Posts of the Week