The first halving event for Bittensor (TAO) is scheduled for early December 2025, just over a month away, which will cut daily token emissions from 7,200 to 3,600. This reduction translates to approximately 1.3 million fewer TAO tokens entering the market annually, valued at around $450 million based on current prices near $392, potentially triggering a significant supply shock.
Analyst Barbie True Blue highlighted on X that TAO shares a 21 million supply cap and 4-year halving cycle with Bitcoin (BTC) and Zcash (ZEC), drawing parallels to BTC's price of $12 before its first halving and ZEC's at $55. TAO's price recently peaked at $538 on November 1, fueling speculation about post-halving gains. Additionally, 74% of TAO is already staked, with root stakers comprising nearly 79%, leaving only about 1.4 million tokens in liquid supply, amplifying scarcity.
Institutional interest is intensifying, with Grayscale increasing its TAO exposure and Europe launching the first Bittensor Staked ETP, driving spot trading volume close to $950 million. The ecosystem's growth includes 128 active subnets like Ridges and Sportstensor, which reward stakers and foster competition. The recent WASM upgrade enables DeFi features such as lending and cross-subnet applications, expanding TAO's utility beyond AI into a full digital economy.
Andy ττ described TAO as "digital oxygen for decentralized minds," noting that emissions now follow a 30-day moving average to promote stable growth. With subnet tokens gaining exchange listings and integrations like Polymarket, demand is rising as supply tightens, positioning TAO as a potential store of value rivaling Bitcoin's historical trajectory.
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