TAO: Supply Breakdown
Included with Plus.
Where every TAO sits: circulating, not yet issued, stacking to the maximum supply.
Why use it. Shows how much of the supply can actually trade and how much is held back, lost, burned or still to come. How to read it. Read the bottom band as the supply in play. A shrinking band on top means new supply is arriving; a growing lost, burned or held band takes coins out of reach.
Calculation. From the published figures: not circulating is the total supply less the circulating supply as the source defines it; burned and not yet issued come from the same source and the protocol's maximum. The maximum supply is 21.00 million TAO: Bittensor's protocol caps TAO at 21 million, issued on a halving schedule. 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. One value per UTC day, at the day's close; the latest complete day appears once our nodes have published it.