Metagraph Capital · Bittensor Signal Board

15 – 16 October

One card per story, grouped by what kind of story it is. Sourcing quality runs across the top of every card.

1
Leads
9
Watch
362
Posts
Full
Coverage

Leads

1
Tier A Team’s own live dashboard, read 16 Oct

Targon (SN4) publishes its revenue: $573K in the last 30 days

A new public page shows $573,257 of platform revenue over 30 days, about $7.0M a year and below the ~$10M run-rate the team gave in August (stats.targon.com, Opentensor).

$573K
Revenue, last 30 days
~$7.0M
Annualised
15,736
Users
SN4 Targon — unveiled on Novelty Search, @opentensor 16 Oct 12:26 UTC

Material change

2
Tier B Team post and repo

Gradients (SN56) pauses environment tournaments ahead of a full sunset

Text and image tournaments continue; the reason, the sunset date and where the emission share goes are not stated (commit).

2 of 3
Tournament tracks left
SN56 Gradients — PR #1398, 16 Oct 13:51 UTC
Tier B Team post

Ridges (SN62) ties its burned upload fee to demand

Uploads now start at $5, rise about 15% with each purchase and halve every 30 minutes; the fee is burned (team).

$5
Floor
+15%
Per upload
SN62 Ridges — @ridges_ai 15 Oct 16:08 UTC

Partnership

2
Tier B Both sides posted; Solana amplified

OpenRoboto (SN80) puts peaq identities on its first 30 data collectors

Each OR-S1 device runs peaqOS with an identity on Solana, so footage traces to a verified device; no financing terms given (peaq, Solana).

30
Devices live
1,191
Likes on Solana post
SN80 OpenRoboto — @peaq 15 Oct 14:06 UTC; @solana 15:33 UTC
Tier B Team post and one NVIDIA-side engineer; NVIDIA blog not seen

Actual (SN95) had early access to NVIDIA’s new Nemotron model

Its DGX Station case study reports 10,000+ tokens a second at 256 streams; an NVIDIA-side engineer says NVIDIA’s launch blog links it (team, @abheer).

10,000+
Tokens/sec, 256 streams
0.58 s
First token, 8K prompt
SN95 Actual — @actualinc 15 Oct 15:48 UTC

Revenue & traction

3
Tier B Team figure; usage page counts test traffic

Engy (SN53) volume jumps to 50B+ tokens a day

The team reported 50B+ on 14 Oct and a third party read 70.3B on 15 Oct, against ~12B in early October; the count includes qualification probes (team).

50B+
Tokens, 14 Oct
70.3B
Tokens, 15 Oct
SN53 Engy — @engyai 15 Oct 16:23 UTC
Tier B Team post

UR (SN25) is live on mainnet

Its 100k+ providers are moving to miners; 10% of miner emission goes to providers and 90% to a 2-of-3 multisig reserve with unnamed signers (team, reserve page).

100k+
Providers
90%
Miner emission to reserve
SN25 UR — @urnetwork 16 Oct 11:01 UTC
Tier B Team post

Blockmachine (SN19) buyback #6: $7,476, up 89%

Paid from customer revenue and burned; the team aims to offset all miner emissions this way (team).

$7,476
Buyback #6
+89%
On September
SN19 Blockmachine — @blockmachine_io 15 Oct 21:47 UTC

Protocol & governance

2
Tier B Merged PR read; mainnet runtime checked

Etao merged: owners will set their own emission split

Owners will be able to take up to 33% (now 18%), with miners at least 33% and validators at most 50%; mainnet is still on spec 479, so nothing has changed yet (PR #3254).

33%
Owner cap (from 18%)
479
Mainnet spec, 16 Oct
Opentensor — merged 15 Oct 20:53 UTC
Tier B Opentensor post

Null Consensus formally announced: 2,500-miner subnets

Subnets can opt into 2,500 slots, proof-of-work registration and rewards set by one top validator, which critics call judge and jury (Opentensor).

2,500
Slots (from 256)
Opentensor — @opentensor 15 Oct 16:49 UTC