What $TAO Allocation Reveals About Bittensor’s Capital Rotation
Numbers can mislead when they are stripped of context. Today, roughly 18% of $TAO is staked into subnets. At first glance, that figure feels underwhelming. In a network where subnets are supposed to be the economic engines, 18% sounds small. Skeptics see hesitation. Critics see weakness. Casual observers see a system that has not fully…