Bittensor (TAO)

Bittensor (TAO) surged 25% this week, outpacing #10 Fetch.ai by 10 percentage points, as its decentralized machine learning network maintained momentum within the AI narrative. TAO powers a marketplace of 32+ active subnets, including subnet 18 for text-to-image generation, which surpassed 10,000 daily model queries for the first time in May 2026. This performance demonstrates stronger on-chain utility growth than the average AI token, driven by model developers competing for tokenized rewards proportional to prediction quality.