Metagraph Capital · Bittensor Signal Board

26 – 27 October

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

3
Leads
10
Watch
220
Posts
Full
Coverage

Leads

3
Tier A Team and founder posts; carried by Ventura Labs

Chutes (SN64) ends subscriptions and plans to move loss-making inference off the subnet

Subscriptions lapse at the end of the current billing period, and new models are pay-as-you-go only (@chutes_ai). Founder Jon Durbin plans offerings "priced above cost", such as hourly and CPU-only rentals, and some inference "not paid via emissions" (@jon_durbin).

SN64 Chutes — @chutes_ai 26 Oct 13:30 UTC; @jon_durbin 22:07 UTC
Tier A Founder's post only; no dashboard or customer count

Leadpoet (SN71) says it has crossed $100K ARR

This is the team's first dollar revenue figure, credited to the V2 sales-agent launch of 20 Oct (@gavinzaentz). It is well below the "$1M run-rate" that circulates without a source.

$100K+
ARR, founder-stated
$30K
Earlier SubConnect estimate
SN71 Leadpoet — @gavinzaentz 26 Oct 17:26 UTC
Tier A Announced by both parties

UR (SN25) signs its first outside network operator: Persistent AI

Persistent AI will route Private Inference's traffic over UR and pay for it in SN25 alpha (@urnetwork). Until now the only operator was UR's own company. No volume or deposit size is given.

SN25 UR, Persistent AI — @urnetwork 26 Oct 13:29 UTC; @Persistent_AI, @P_Inference

Material change

2
Tier B On-chain identity read; split from Subnet Radar's chain feed

SN73 rebrands Parked → Elenost and lifts the owner share to 33%

The new identity is visual-AI evaluation. Miner pay has gone to the owner UID for 122+ days (@subnetradarcom).

33%
Owner (was 18%)
6%
Validators (was 41%)
SN73 Elenost — @subnetradarcom 27 Oct 05:01 UTC
Tier B Subnet Radar chain feed only

SN98 NeverPlayAlone cuts validators to 7%

The owner moves to 33% and miners to 60%. Last epoch's miner pay went entirely to validator UIDs (@subnetradarcom).

33%
Owner (was 18%)
7%
Validators (was 41%)
SN98 NeverPlayAlone — @subnetradarcom 26 Oct 23:18 UTC

Partnership

1
Tier B Team post

Ditto (SN118) forecasts users' credit spend with Cascade (SN91)

Ditto runs each user's history through Cascade's Ephemeris model to recommend plans (@cascade_sn91). No payment terms are given.

SN118 Ditto, SN91 Cascade — @cascade_sn91 27 Oct 00:13 UTC

Revenue & traction

1
Tier B Team post; revenue dashboard promised, not yet out

Instant (SN46): 10,000 requests in a week, and the new engine is live

Requests on AntSeed grew 400% week on week (@thinkinstant). The TensorFold engine that the 50% burn was waiting on went live on 27 Oct.

10,000
Requests, 7 days
+400%
Week on week
SN46 Instant — @thinkinstant 26 Oct 16:39 UTC; 27 Oct 12:00 UTC

Product

3
Tier B Both parties posted

Taoswap and TAO.com open an Ethereum bridge

Users can bridge USDC or ETH straight into TAO or any subnet token, and back (@taoswap_org).

Taoswap, TAO.com — @taoswap_org 26 Oct 16:17 UTC
Tier B Team post

Beam (SN105) writes delivery receipts to Bittensor EVM

Transfer status, bytes moved and completion time are recorded on chain for contracts and agents to read (@b1m_ai).

SN105 Beam — @b1m_ai 26 Oct 17:14 UTC
Tier B Team post

Enigma (SN63) and BlueQubit break quantum-proof milestone 4

The result extends IBM's April method for breaking peaked circuits (@EnigmaSN63).

SN63 Enigma, BlueQubit — @EnigmaSN63 27 Oct 12:04 UTC

Protocol & governance

2
Tier B On-chain identity read

SN36's owner renames the subnet "$Bittensor" in protest

The on-chain description calls the network a "centralized political clown show" (@subnetradarcom). The slot is 68 days old.

SN36 — @subnetradarcom 27 Oct 03:45 UTC; chain read 27 Oct
Tier B On-chain owner read

SN103 changes owner a week after registration

The owner coldkey was swapped; the subnet has no on-chain identity (@subnetradarcom).

SN103 — @subnetradarcom 27 Oct 10:25 UTC

Positioning

1
Tier B A stated position, no disclosed trade

Jason Calacanis says he is long $TAO

He told followers to sell bitcoin and said he likes Bittensor's "focus on scaling AI"; Mark Jeffrey amplified it (@markjeffrey).

Jason Calacanis — via @markjeffrey 27 Oct 06:47 UTC