Decentralized AI Marketplace Bittensor Surpasses $2.6 Billion Market Cap

Bittensor is an open-source protocol that creates a marketplace for machine learning models to compete against each other.

The network, which has a market cap above $2.6 billion as of May 2026, rewards contributors with TAO tokens based on the value their models add to the network.

Bittensor's unique design avoids centralization by using a peer-to-peer network where thousands of independent contributors run AI models and compete for token rewards.