TAO: Market Cap
Bittensor Market Cap was $2,612,567,377.02 on 9 Nov 2026 (latest daily value).
The market value of all TAO in circulation: price x circulating supply.
Why use it. The headline size of a coin, the figure coins are ranked by. How to read it. It moves with the price day to day; supply changes move it slowly. Compare it with Fully Diluted Valuation to see how much supply is still to come.
Calculation. Hourly closing price of CryptoKeyhole's own TAO/USD index of public exchange markets x the circulating supply. Published supply, not node-verified: Bittensor public RPC (SubtensorModule.TotalIssuance) (https://docs.learnbittensor.org/), all TAO issued so far as the chain records it (none of it is on a lock-up; staked TAO counts as circulating). Read by CryptoKeyhole every hour since 9 November 2026; no earlier values are reconstructed. Hourly values use the hour's closing price; daily values the day's close, and the open day is a partial that updates every hour. Periods are UTC.