Jensen Huang Gave Them a Shoutout and the Revenue Is Pumping: Bittensor Subnets Are Having a Moment

Bittensor ($TAO) has surged over 100% in March 2026, climbing from roughly $180 to above $330 as its subnet ecosystem continues expanding. The decentralized AI protocol's subnet count grew from around 80 to over 120 in the past year. That's not just a pump—it's a full-on parabolic flex showing that somewhere, somehow, the market decided AI infrastructure might actually be more than just vibes and whitepapers.

According to CoinGecko data, the Bittensor Subnets category now carries a combined market capitalization exceeding $1.4 billion. Nearly all tracked subnet tokens posted positive monthly returns. When everything green, even the most cynical on-chain detective has to admit something's cooking. Either that or everyone's just really good at coordinated trading.

Three subnets are drawing outsized attention from industry heavyweights.

The NVIDIA Flex During an appearance on the All-In Podcast, NVIDIA CEO Jensen Huang referenced the protocol's Covenant-72B model. Subnet 3 (Templar) trained the model in a fully permissionless, decentralized way. Jensen Huang confirmed what Templar builders already knew: 72 billion parameters trained permissionlessly across 70+ contributors is, in fact, a pretty crazy technical accomplishment. Imagine explaining to your parents you helped train an LLM with strangers on the internet—and then Jensen Huang casually mentions it on a podcast. Absolute cinema.

The Revenue Flex Subnet Chutes (SN64) is also hitting new highs. The subnet recently reached record revenue, reportedly generating $22,000 per day. That puts it within striking distance of $10 million ARR—a milestone that seems less like speculation and more like a