SwarmSN124 · Bittensor subnet

0.010145 τ$3.13

24H -1.62%7D -8.27%APR 37.3%

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YOU PAY (τ)

You receive ≈ — α

VALIDATOR

Slippage tolerance

Allow partial fill if price moves past tolerance

Network feeconnect to estimate

Taosis fee (15% of network fee)—

One signature (fee bundled with the swap) — untick if your Ledger refuses it

Signs a price-limited addStake / removeStake on-chain (same AMM as TaoSwap) — the transaction reverts (or partially fills, if allowed) rather than execute past your tolerance. Quote is local XYK. Taosis adds 15% of the network fee, collected in the same transaction — a failed swap charges no Taosis fee.

SN124, Swarm (α token 𑀁), is one of the independent markets on the Bittensor network, each with its own α token and its own price. Its α currently trades at 0.010145 τ (≈ $3.13), against 12,436 τ of pool liquidity. On-chain, the best-delegated validator on it yields about 37.3% APR, emissions add 0.001722 τ to the pool each block, epochs run every 360 blocks. It was registered at block #5,813,454.

The complete guide to SN124 Swarm — every figure explained →

New to subnets? What a subnet is · How to use Taosis

Website ↗GitHub ↗

Price

0.010145 τ

APR

37.3%

TAO in pool

12,436 τ

α in pool

1,225,759 α

EMA price

0.010249 τ

α staked out

3,578,589 α

Vol 24h (indexed)

965.24 τ

Emission / block

0.001722 τ

Owner: 5HKYqfJrUFKYPMRFZZ7kfhUNEyHUbY2ZyEjQqKJf2RKVpeXM
Registered: block 5,813,454
Tempo: 360 blocks / epoch
Swap fee: 0.050% (chain AMM)

Hyperparameters

Tempo: 360 blk
Immunity: 5,000 blk
Max validators: 64
UIDs: 256
Reg. burn: 0.6004 τ
Registration: open
Weights rate: 100 blk
Activity cutoff: 5,000
Commit-reveal: on (1)
Serving rate: 50
κ (kappa): 32767
ρ (rho): 10

Top 64 UIDs by reward
UID	Hotkey	Coldkey	Role	Stake α	Consensus	Incentive	Dividend	Emission	Axon	Reg. block
0	5GZPtUjy…Djmt	5HKYqf…peXM	validator	1,922,475	0.0%	0.0%	75.2%	111.046 α	161.97.67.36:8091	#5,813,454
254	5E2LP6En…eZ5u	5GsbTg…pZX9	validator	249,179	0.0%	0.0%	12.3%	18.189 α	—	#8,066,446
49	5CGS6rUa…QBD3inactive	5FR1py…t3Z2	miner	17	11.2%	11.2%	0.0%	16.512 α	—	#9,038,302
177	5F6zBK4S…rgcNinactive	5CkxDv…fsku	miner	317	7.4%	7.4%	0.0%	10.911 α	—	#9,030,962
240	5HeKPdr1…7R11inactive	5F2MLV…GrEK	miner	11	7.2%	7.2%	0.0%	10.626 α	—	#9,082,519
255	5GgJwVaz…6zFc	5CkxDv…fsku	miner	30	7.2%	7.2%	0.0%	10.574 α	—	#9,121,857
194	5CUwbDbx…PGun	5E9fVY…Yc5p	validator	82,993	0.0%	0.0%	6.9%	10.245 α	34.173.184.132:8091	#5,894,685
227	5CqNtE4X…Lyus	5FbPxh…fD8K	miner	79	5.4%	5.4%	0.0%	7.994 α	—	#9,119,550
235	5FHRAfqu…go4sinactive	5CkxDv…fsku	miner	229	5.4%	5.4%	0.0%	7.899 α	—	#9,101,545
24	5Cd2ffRi…vwa6inactive	5FR1py…t3Z2	miner	8	5.3%	5.3%	0.0%	7.866 α	—	#9,015,231
224	5CcQfgzG…rYh6inactive	5CkxDv…fsku	miner	176	5.2%	5.2%	0.0%	7.736 α	—	#9,117,102
36	5EhfY3XF…Vycqinactive	5DU34L…mDfY	miner	735	5.0%	5.0%	0.0%	7.437 α	—	#9,087,094
117	5G3z9hhr…2wwtinactive	5FR1py…t3Z2	miner	6	3.9%	3.9%	0.0%	5.817 α	—	#9,074,279
223	5EecRdQT…A4wcinactive	5F9nAK…gvJY	miner	45	3.8%	3.8%	0.0%	5.589 α	—	#9,101,899
242	5GCU5qhW…5eUMinactive	5FbPxh…fD8K	miner	161	3.6%	3.6%	0.0%	5.290 α	—	#9,077,665
122	5DUr817X…dkNoinactive	5CLfHs…VueB	miner	463	3.6%	3.6%	0.0%	5.251 α	—	#9,023,222
253	5FcEBQzt…vqBcinactive	5FW684…xiDF	miner	291	3.5%	3.5%	0.0%	5.153 α	—	#9,091,206
165	5EhKw2xG…CLidinactive	5FHeGJ…yA3H	miner	441	2.6%	2.6%	0.0%	3.897 α	—	#9,088,255
183	5CP4z751…uALsinactive	5FW684…xiDF	miner	128	2.6%	2.6%	0.0%	3.874 α	—	#9,065,327
151	5EeHQWRr…UM1Rinactive	5GEHDS…T5Ny	miner	19	2.5%	2.5%	0.0%	3.739 α	—	#9,023,486
230	5DfGwMoL…v3Fninactive	5DU34L…mDfY	miner	864	2.5%	2.5%	0.0%	3.631 α	—	#9,068,543
173	5EPAJjdj…jpkDinactive	5F9nAK…gvJY	miner	36	2.4%	2.4%	0.0%	3.532 α	—	#9,057,449
129	5D83Ekpp…GMQeinactive	5F2MLV…GrEK	miner	3	1.9%	1.9%	0.0%	2.756 α	—	#9,074,969
128	5Ef1DzZN…C8hHinactive	5FQttp…Qvsb	miner	96	1.8%	1.8%	0.0%	2.667 α	—	#9,028,983
204	5Hdoa26k…fyFdinactive	5ECyw6…96V1	miner	52	1.7%	1.7%	0.0%	2.537 α	—	#9,037,877
184	5GppQUio…S5Nainactive	5CLfHs…VueB	miner	493	1.7%	1.7%	0.0%	2.525 α	—	#8,970,412
82	5E9dqg69…39uAinactive	5F9nAK…gvJY	miner	15	1.3%	1.3%	0.0%	1.905 α	—	#9,064,841
97	5DJinaSF…fxK6inactive	5DU34L…mDfY	validator	1,128	1.3%	1.3%	0.0%	1.884 α	—	#9,032,776
59	5CsvRJXu…2zVp	5EJAqc…YzX2	validator	3,902	0.0%	0.0%	1.1%	1.574 α	—	#5,871,577
58	5FKk6ucE…s124	5Fuzgv…krzo	validator	20,398	0.0%	0.0%	1.0%	1.539 α	192.150.253.122:8091	#5,871,184
80	5EhiBKjj…H87C	5EBuUX…Z8Ff	validator	10,127	0.0%	0.0%	1.0%	1.450 α	65.21.154.87:8091	#6,717,846
105	5HgiWPLV…L124	5GW9X8…jovV	validator	96	0.0%	0.0%	0.7%	1.081 α	167.150.153.124:8091	#8,792,371
45	5G9hfkx9…wrc5	5Ek8i6…t33f	validator	7,115	0.0%	0.0%	0.7%	0.986 α	—	#6,665,074
42	5FLoWCDo…Rv8m	5EnXts…FCGK	validator	10,579	0.0%	0.0%	0.7%	0.971 α	—	#6,724,458
64	5CiHodTH…wMUV	5CqsgE…XMUV	validator	9,310	0.0%	0.0%	0.4%	0.518 α	—	#6,135,212
1	5CnfnKUc…aGq2inactive	5EPWAt…CQj1	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#8,925,364
2	5F1Tengf…aQF1inactive	5ECyw6…96V1	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#9,022,112
3	5GNLw8K1…o9Wuinactive	5FHeGJ…yA3H	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#9,018,438
4	5DAW5tJ3…yXYBinactive	5FHeGJ…yA3H	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#9,086,667
5	5CUmDdgo…5gBXinactive	5EHZAr…N44u	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#8,921,794
6	5ECWaYpr…y89Finactive	5ECgRP…KK6F	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#8,917,135
7	5FNqDFV4…3bv7inactive	5FCFf3…J88o	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#8,917,217
8	5EUmZ9Rc…cXz5inactive	5FR1py…t3Z2	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#9,038,675
9	5E4wyjr6…vZ4Ninactive	5GEHDS…T5Ny	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#8,937,264
10	5Ff7f4kb…bm2zinactive	5FR1py…t3Z2	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#8,937,526
11	5Dr2pvBi…ryDainactive	5FR1py…t3Z2	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#8,974,386
12	5FjHnkQR…jxx1inactive	5Ct9v2…WaYA	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#8,917,836
13	5H956XR9…KF8rinactive	5D29hX…Jhoh	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#8,975,825
14	5FTanZUT…XmYdinactive	5HZD9S…Co3m	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#8,975,947
15	5FLbmKRL…AoyFinactive	5FQttp…Qvsb	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#9,044,736
16	5CAh4WoW…bE9zinactive	5EeHux…5tpV	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#8,917,677
17	5EcfYWT7…Qjcninactive	5FR1py…t3Z2	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#8,927,147
18	5HYvqkWe…mAiNinactive	5HZD9S…Co3m	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#8,973,443
19	5Hgau66p…eA4sinactive	5Ct9v2…WaYA	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#8,918,577
20	5EAcg2uG…tLVainactive	5CLfHs…VueB	miner	56	0.0%	0.0%	0.0%	0.000 α	—	#8,918,806
21	5DUrUYPF…SVdQinactive	5FR1py…t3Z2	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#8,924,612
22	5EPep6Kg…4yEbinactive	5FR1py…t3Z2	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#8,951,642
23	5FKc7zn8…TEVDinactive	5D29hX…Jhoh	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#8,990,247
25	5FvNuJ4n…Y2uCinactive	5FR1py…t3Z2	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#9,038,054
26	5CAe4CVR…2hQKinactive	5CkxDv…fsku	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#9,038,813
27	5GjYSMZR…Jc7sinactive	5D29hX…Jhoh	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#8,983,172
28	5EDB5xVw…vAVbinactive	5GEHDS…T5Ny	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#8,922,622
29	5CrPKnbe…PH7Zinactive	5FR1py…t3Z2	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#8,938,184
30	5F6voUA7…6dLBinactive	5FW684…xiDF	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#9,037,098

Child keys (66)

Validators routing a share of their weight-setting through child hotkeys — necessary context for reading the stake column: a parent's influence may act through its children.

5C5GuCUK…CdqD→5FBqnTwn…4WUw100.0%

5CAQAgXx…7FmJ→5GZPtUjy…Djmt100.0%

5CBDhkBx…8S3A→5DvDypN8…diFp100.0%

5CV93B17…fQF2→5GZPtUjy…Djmt100.0%

5CcD4RLF…Dcdb→5GZPtUjy…Djmt100.0%

5Ckaoft1…uUes→5HStuLvk…sCTJ100.0%

5CoZxgtf…bifj→5GZPtUjy…Djmt100.0%

5CqRMuYS…b9Ed→5GZPtUjy…Djmt100.0%

5CszMVts…gMUV→5CiHodTH…wMUV100.0%

5D4gEn5S…kZ4f→5FLoWCDo…Rv8m100.0%

5DUuFhF4…k2GU→5GZPtUjy…Djmt100.0%

5DXdHixx…L1S1→5CUwbDbx…PGun100.0%

5Dd8gaRN…GrWv→5GZPtUjy…Djmt100.0%

5Deo9Q3S…zD9Y→5EhiBKjj…H87C100.0%

5DjtmV76…T4Kd→5GZPtUjy…Djmt100.0%

5DkFEQdE…M7Fn→5GZPtUjy…Djmt100.0%

5DvDypN8…diFp→5GZPtUjy…Djmt100.0%

5DvTpini…N2ed→5GZPtUjy…Djmt100.0%

5E4z3h9y…ULde→5GZPtUjy…Djmt100.0%

5EAdPk76…pYDc→5GZPtUjy…Djmt100.0%

5EByfpgR…JWs4→5GZPtUjy…Djmt100.0%

5ELREhAp…qwVh→5EhiBKjj…H87C100.0%

5EqYdsxW…oaUf→5G9hfkx9…wrc5100.0%

5EtUYRu7…tvzs→5G9hfkx9…wrc5100.0%

5F7dvCS7…r6LW→5G9hfkx9…wrc5100.0%

5FBqnTwn…4WUw→5G9hfkx9…wrc5100.0%

5FFM6Nvv…UWgt→5GZPtUjy…Djmt100.0%

5FFSBkNi…VR86→5GZPtUjy…Djmt100.0%

5FWB5CFZ…jkg5→5E2LP6En…eZ5u100.0%

5FeKsRjZ…9DGg→5G9hfkx9…wrc5100.0%

5FnGPRV7…MVZZ→5EhiBKjj…H87C100.0%

5Fppap6W…MEjv→5E2LP6En…eZ5u100.0%

5Ft5kRgK…PTih→5DvDypN8…diFp100.0%

5FtBncJv…izzo→5FKk6ucE…s124100.0%

5Fy3Mjrd…hQCY→5EhiBKjj…H87C100.0%

5FyUNRQ2…EBcD→5CUwbDbx…PGun100.0%

5G1NjW9Y…nChe→5GZPtUjy…Djmt100.0%

5G3wMP3g…5KP3→5GZPtUjy…Djmt100.0%

5G9mJMfD…423v→5GZPtUjy…Djmt100.0%

5GHn5aVV…aGNR→5GZPtUjy…Djmt100.0%

…and 26 more

These figures didn't reconcile against the chain's own α total (α staked out, less the protocol's own α and α burned) on the last pass — treat them as unverified.

Holders

1,465

Top holder

—

Top 10

—

Nakamoto

—

Nakamoto — = the fewest coldkeys that together hold a majority. HHI — (0 = evenly spread, 1 = one holder, min-normalised so it is not comparable to the raw HHI most explorers publish), Gini —.

Method: α per coldkey, summed across every validator hotkey, read from the chain's own share pools at one block. The subnet owner's coldkey is set aside for Top 10, Nakamoto, HHI and Gini — the owner is usually the largest holder by far, and leaving them in measures the owner rather than the market. Shares in the table below are of every holder's α, owner included. Counted holders hold at least 0.000001 α; below that is the rounding residue of an exit, not a position. Nakamoto reads “—” under two holders, and Top 10 under twenty, where it saturates at 100% for reasons that have nothing to do with capture. Coldkeys, not people: one person can hold many, and one exchange coldkey can custody thousands. Balances are refreshed every 10 minutes from the fills we index ourselves. Last recomputed 9/22/2026, 4:04:20 PM.

#	Coldkey	Alpha	Value	Share
1	5Ck9TyRM…Vr27	571,489 α	5,798 τ · $1.8M	24.61%
2	5HMtFEQ9…8CCx	358,997 α	3,642 τ · $1.1M	15.46%
3	5HKYqfJr…peXM	207,054 α	2,101 τ · $647.7K	8.92%
4	5GF4tHAY…uaQh	180,250 α	1,829 τ · $563.8K	7.76%
5	5HodGMhW…Zqne	108,268 α	1,098 τ · $338.7K	4.66%
6	5GF87Rts…pY1i	73,834 α	749.07 τ · $231.0K	3.18%
7	5EUTtLVd…zQSM	48,892 α	496.03 τ · $152.9K	2.11%
8	5FbPqGcq…7Tts	41,002 α	415.99 τ · $128.3K	1.77%
9	5H6wXotG…Wi9P	26,730 α	271.19 τ · $83.6K	1.15%
10	5ErB3N8z…hP4s	26,185 α	265.65 τ · $81.9K	1.13%
11	5F965Bgw…iRPd	25,223 α	255.90 τ · $78.9K	1.09%
12	5Gj1GpFi…Kat4	23,749 α	240.94 τ · $74.3K	1.02%
13	5HeNpBKT…y9ku	22,394 α	227.19 τ · $70.1K	0.96%
14	5EBuUXD6…Z8Ff	20,561 α	208.60 τ · $64.3K	0.89%
15	5DpJXCah…wi9n	20,159 α	204.52 τ · $63.1K	0.87%
16	5DU34LFC…mDfY	17,286 α	175.37 τ · $54.1K	0.74%
17	5FxVNTzp…NC33	17,256 α	175.07 τ · $54.0K	0.74%
18	5EYCAe5j…tp7s	16,772 α	170.16 τ · $52.5K	0.72%
19	5FsdkKmG…xZ8d	13,497 α	136.93 τ · $42.2K	0.58%
20	5GLmxaW3…R5wH	12,102 α	122.78 τ · $37.9K	0.52%
21	5FCW7Z5Y…4mn5	12,040 α	122.15 τ · $37.7K	0.52%
22	5G4529T3…7EpB	11,874 α	120.47 τ · $37.1K	0.51%
23	5C8Jut43…1CLY	11,464 α	116.30 τ · $35.9K	0.49%
24	5CtdXWd8…m9bs	10,705 α	108.61 τ · $33.5K	0.46%
25	5HKtMDsW…vVD4	9,907 α	100.51 τ · $31.0K	0.43%
26	5Cr2hk8t…sCZM	9,197 α	93.31 τ · $28.8K	0.40%
27	5EuxqP2J…FPrN	9,061 α	91.93 τ · $28.3K	0.39%
28	5GeAfXXj…qd9q	8,987 α	91.17 τ · $28.1K	0.39%
29	5HYeXWq2…rbFy	8,843 α	89.72 τ · $27.7K	0.38%
30	5CsyLPX4…Dpkv	8,539 α	86.63 τ · $26.7K	0.37%
31	5DEuGS8e…RH6W	8,005 α	81.22 τ · $25.0K	0.34%
32	5Fo15dvc…fjM4	7,456 α	75.64 τ · $23.3K	0.32%
33	5ELf4Wqe…wn2b	7,303 α	74.09 τ · $22.8K	0.31%
34	5GF7kTAk…WQ3s	6,577 α	66.73 τ · $20.6K	0.28%
35	5GxFAgNm…ryCQ	6,463 α	65.57 τ · $20.2K	0.28%
36	5H8fvJMv…Lmj8	6,187 α	62.77 τ · $19.4K	0.27%
37	5DtYRLWY…BwuB	6,042 α	61.30 τ · $18.9K	0.26%
38	5CiP1NLA…zK4b	5,987 α	60.74 τ · $18.7K	0.26%
39	5DfPdQhb…4Lgw	5,903 α	59.88 τ · $18.5K	0.25%
40	5E8JqRKD…QcPW	5,555 α	56.36 τ · $17.4K	0.24%
41	5G9Tn2nt…kC4K	5,551 α	56.32 τ · $17.4K	0.24%
42	5CoD2zfW…Z57b	5,534 α	56.14 τ · $17.3K	0.24%
43	5EWKBmc5…mcoL	5,235 α	53.11 τ · $16.4K	0.23%
44	5GHg6ASH…jwWR	5,149 α	52.23 τ · $16.1K	0.22%
45	5EwCxRzZ…f6VB	5,100 α	51.75 τ · $16.0K	0.22%
46	5DLmDmae…uyi5	4,973 α	50.45 τ · $15.6K	0.21%
47	5DkV8twU…e1d5	4,866 α	49.37 τ · $15.2K	0.21%
48	5F2KMota…TCqD	4,839 α	49.09 τ · $15.1K	0.21%
49	5ES84rfz…QM4w	4,561 α	46.28 τ · $14.3K	0.20%
50	5F29KYWd…6cBZ	4,493 α	45.58 τ · $14.1K	0.19%

Owner lock

1,000,000 α

≈ 10,145 τ · $3.1M

Owner conviction

1,000,000 α

≈ 10,145 τ · $3.1M

Hotkey locks Σ

—

Registration lock

79.31 τ

Deregistration standing

Rank #87 in the deregistration queue — the network runs at capacity, so each new subnet registration removes the rank-1 subnet. Ranked by the chain's own EMA price, immune subnets excluded.

Takeover watchcompare every subnet →

A hotkey lock whose matured conviction reaches 18% of eligible α (α staked out, minus protocol-owned and burned α — the threshold in the chain's own code) can claim ownership of the subnet.

No hotkey locks on this subnet.

Account	Kind	Locked α	Value	Conviction α	Matured
5HKYqfJr…peXM	owner	1,000,000.11 α	10,145 τ · $3.1M	1,000,000.11 α	100%
5Ck9TyRM…Vr27	coldkey	517,230.08 α	5,248 τ · $1.6M	517,230.08 α	100%
5HMtFEQ9…8CCx	coldkey	317,421.05 α	3,220 τ · $992.9K	317,421.05 α	100%
5GF4tHAY…uaQh	coldkey	165,323.99 α	1,677 τ · $517.2K	165,323.99 α	100%
5EhuYVeL…b24Z	coldkey	25 α	0.25 τ · $78.20	25 α	100%

Why the price moved · last 24h

0.010331 τ → 0.010093 τ (-2.305%)

Trading-166.786 τ and +16,330.289 α through the pool from indexed fills-2.64%
Emission+12.7216 τ injected, +1,231.4153 α minted into the pool+<0.01%
Unexplainedcauses we cannot name from what we index+0.34%

Each line is the price move that cause alone would have produced. They compose to the net move above (multiplicatively, which is why they need not sum to it), and a cause can exceed the net when another pushed the other way. The named causes cover under 90% of the move here, so the remainder is shown rather than blamed on a bucket.

Deregistration risk

Rank #87 in the queue. The network is at capacity (128), so each new subnet registration dissolves rank 1 — 87 registrations would reach this one.

Cost to kill rank 1

509 τ

After next halving

254 τ

P(dereg) 30d

0.0%

P(dereg) 90d

0.0%

From 0.12 registrations/day observed over 25.3 days of indexed blocks, as a Poisson arrival process against this subnet's queue position. The registration cost halves every 115,200 blocks.

Conviction maturity curve

What a perpetual lock of 1,000 α becomes over time on this subnet. The shape is identical at any size — scale it to your own amount. Conviction matures on a 30-day half-life; a decaying lock's stake also unwinds on a 90-day one.

After	Conviction	Matured	Of takeover
today	0.0 α	0.0%	0.000%
7 d	149.3 α	14.9%	0.035%
30 d	500.0 α	50.0%	0.117%
90 d	875.0 α	87.5%	0.204%
180 d	984.4 α	98.4%	0.230%
365 d	999.8 α	100.0%	0.234%

Projected with the chain's own maturity maths (rates read live: unlock 934,866 blocks, maturity 311,622), not an approximation.

☆SwarmSN124 · Bittensor subnet

SwarmSN124 · Bittensor subnet