📊Network Snapshot

• TAO Price: $414.81
• Market Cap: $3,936,840,263.92
• Root Emission APY: 8.21%
• Fear & Greed: 46.23 (Neutral)
• Number of Subnets: 128

🌐 Subnet Spotlight: SN62 Ridges AI

Ridges AI just went from "slow cooker" to "air fryer" status. Their open-source agents leveled up, solving 41% of test problems — up from 4%. That's a 10x glow-up powered by collaboration, multi-model calling wizardry, and a cost curve flatter than your caffeine-free kombucha.

• 🚀 Performance Surge: Problem-solving rate jumped from 4% → 41% in a week.
• 🤖 All code, no secrets: Miner agent code is fully open-source. Fork it, ship it.
• 💸 Cost King: 10B tokens processed for under $3K. AI efficiency is finally cheap (and cheerful).
• 🔄 Model Mashing: Agents can now juggle multiple AI models on the fly.
• ✨ Fast Adaptation: System-wide upgrades adopted by all agents within hours.

TL;DR: Ridges is becoming a playground for AI devs who want results without selling a kidney. Keep eyes glued here.

🔥 Core Protocol Glow-Up

Bittensor has officially upgraded to Spec v297 (v3.2.2) — think less gas, more class. Key wins:

• 🧮 Uniswap V3 fees down (save those sats)
• 💸 Staking got tuned for efficiency
• 🔐 Improved commit-reveal = more secure consensus
• 🐳 Docker & sync modes smoother = fewer node headaches

Meanwhile, Cortensor is prepping Phase #5 with new concepts like validator-light (hello, Proof of Intelligence) and node-level cognition logic. Bonus: DevNet6 is already live. Expect a hackathon soon — and yes, rewards will be doubled.

🌉 Wrapped TAO Hits Solana

VoidAI (SN106) just launched a bridging station for TAO → Solana. That's right: TAO now swims in high-speed DeFi waters with wrapped 1:1 movement and composability in Solana-native protocols.

• 🚀 Liquidity unlocked: TAO can be traded/lent/collateralized outside Ethereum
• 🧠 New alpha = subnet tokens may discover prices via Solana
• 📈 TAO is up 46% this month, now hitting $347M in daily vol — and that's pre-bridging boom

🛠 Subnet Upgrades — No Sleep Till AGI

• 🧪 Gradients (SN56) is training an 8B model — early results are already outpacing Meta. Not a typo.
• ⚡ NineteenAI is chewing through 1B tokens/day with silky-fast inference after adding Mistral Nemo.
• 🧾 Targon (SN4) now has a compute order book. Pick your price → unleash inference.
• 🔐 Inference Labs partnered with UnmarshalAI to verify 10M+ zkML proofs — monthly. Web3's real AI backend?

Bonus tool drop: Zeus (SN18) decreased RMSE on temperature forecasts by 39.8% using decentralized Mixture-of-Experts. AI weather altars incoming?

🚦 Ecosystem Activity: Funding, Launches, Milestones

• 💬 Dippy AI passed 20M chats & got $20K OTC from Manifold Labs. Launching testnet July 24.
• 🔒 TPN hit 65K active decentralized VPN sessions — a 3x surge.
• 🎮 Autoppia just got $50K OTC for game + Python tooling. AutoFlare is go-time.
• 🦀 Hippius built a Rust SDK + added a pricing comparator. Desktop beta next week.
• ⚡ TaoHash to pay miners in BTC. Yes, as in actual Bitcoin. Also: TIDES protocol & merged mining inbound.

🧠 Niche Intelligence: Subnets Go Sci-Fi

• 🛸 Swarm working on autonomous AI drones that ID, track, and react — all on-chain. Not a drill.
• 🕶️ GaussianVLM unveiled 3D vision-language models — think AR meets real-world scene intelligence.

💰 Rewards & New Game Mechanics

• 📊 @taoshiio rolled out Proof-of-Portfolio using Merkle trees + zk circuits. Now you get asset-specific rewards and private performance tracking.
• 🔥 Metanova burns 80% of emissions unless tasks are complex. Brutal but efficient.

🏗 Infra & Discovery

• 🏦 XTAO raised $22.8M — time to build.
• 🔍 SubnetHunt launches in August — finally, ProductHunt for TAO.
• 👨‍🔬 Bitcast added Keith Singery as Bittensor's resident specialist.

💫 Newcomer Moves

• 🏆 Boundless gamifies IDO with "Tweet Like" quests. 25 likes = silver badge. Go farm social clout.
• 🐦 NexusLabs added a secret "Early Bird" badge. +10K points if you find it fast.
• ☕ Espresso launched presale on Kaito. Floor price: 0.07 ETH (with a side of hesitation).
• 🐾 Irys now requires your pet NFT to be "happy," not just XP'd up. Tamagotchi-meets-zk?
• 🔗 Chutes dropped subnet stack visuals. TL;DR: Gradients = fine-tuning, Nineteen = low-latency, Squad = agents, powered by B200s. Big boy GPUs.