Our weekly crypto derivatives analytics report delves into macro events; the current state of crypto and trading signals from spot trading volume; and futures, options and perpetual contracts.

At the start of the week, Bitcoin showed signs of decoupling from US equities. However, US president Trump's positive remarks about the US-China trade war (which had included a 145% tariff on Chinese goods) triggered a relief rally across markets. As a result, BTC has resumed moving up with US equities. 

This rally has led to a rise in short-tenor implied volatility and a recovery in BTC’s put-call skew, indicating that traders are seeking upside exposure.

Please check out the report’s highlights.

Perp open interest rises across the board

Perpetual open interest increased significantly this week across various tokens, especially ETH. Perpetual trading volumes also rose. Notably, Ap 7, 2025 recorded the highest trade volume of the month, following Trump's comment, "Forget markets for a second, we have all the advantages."

BTC option open interest shows a mixed picture; put-call skew in short tenor sends positive signals

President Trump’s recent willingness to negotiate a trade deal with China’s President Xi triggered a relief rally across asset classes, including crypto. Bitcoin had already risen 7% since Apr 21, 2025, prior to Trump's comments. Despite this rally, open interest in puts has outpaced calls, with options volume remaining relatively balanced. 

It's unclear if the demand for puts reflects a hedge against downside risks, or a bet against the upward movement. Meanwhile, perpetual funding rates are providing limited insight into sentiment. However, the recovery of the put-call skew at short tenors indicates that traders are seeking upside exposure to the rally — and are willing to pay for it.

ETH unexpectedly outperforms BTC in this relief rally

ETH's response to the recent crypto market recovery has diverged from previous trends: it outperformed BTC in spot prices, a rarity in past rallies, and open interest in calls exceeds that in puts — opposite to BTC's trend. In addition, ETH call open interest is nearly double that of puts, with calls dominating options volumes. This suggests traders anticipate ETH will reduce its significant underperformance against both BTC and other “ETH killers” like SUI and SOL. Additionally, the spot rally has led to another term structure inversion for ETH.

Advanced

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Bybit X Block Scholes crypto derivatives analytics report (Apr 24, 2025): Put-call skew recovers at short tenors, showing reviving sentiment

Explore all the hottest Bybit events happening during the week of TOKEN2049 Dubai in this article.

It’s that time of year again — TOKEN2049 Dubai is back, and the city is buzzing with excitement. As one of the most anticipated events on the crypto calendar, it’s not just about the main conference; it’s about everything happening around it, too. From side events and workshops to exclusive mixers and demo days, Bybit is showing up in full force this year. Here's your inside look at what to expect during this action-packed week.

The heart of TOKEN2049 Week, TOKEN2049 Dubai promises two full days of future-facing discussions and innovation in the world of crypto. At the center of it all is Bybit’s immersive booth experience, built on the theme 

. It’s not just a theme — it’s a vibe. Picture claw machines, 

If you’re heading to TOKEN2049 Dubai, be sure to drop by the Bybit booth (located at P33) and chat with our extraordinary Bybit team! And don’t miss your chance to grab a gacha token by scanning our QR code with Bybit Pay. You could walk away with exclusive Bybit merch! 

DMCC x VARA: Crypto regulations and business growth

Policy meets progress at this exclusive evening event co-hosted by DMCC and VARA. This gathering brings together regulators and industry leaders for an open discussion on the future of digital asset compliance and business growth in the region.

You can expect sharp insights, candid perspectives and forward-thinking dialogue about what it really takes to scale a crypto business in a regulated environment. If you care about the future of web3 in the UAE, this is one event to mark on your calendar.

Bybit After Hours: Exclusive Insights & Networking 

 is a private cocktail evening for top-tier traders and long-time supporters of Bybit. This event is equal parts networking, knowledge sharing and celebration.

 to strategic conversations with the Bybit team, this night is tailored to those who trade big and think bigger. With an invite-only guest list, it’s set to be one of the most exclusive experiences of the week.

The Crypto Hub x Bybit Crypto Ark Demo Day

 is all about bringing hands-on energy to the web3 scene. Hosted at the Crypto Ark inside Bybit’s office, this event welcomes founders, devs and crypto creatives for a casual evening of product showcases, idea exchange and light networking.

While Bybit provides the space, the real spotlight is on the community — those shaping the next wave of innovation in web3.

 from across the CIS region are gathering for a deep dive into the tools, tips and strategies that drive growth at Bybit. This meetup goes beyond surface-level sharing — expect actionable workshops covering our Bybit Affiliate program and affiliate best practices.

It’s also a chance to hear directly from Bybit product leads and regional managers, share success stories and walk away with fresh ideas to maximize conversions. 

Wunderbit x Bybit: “Hey, Trading Bot, where is my profit?”

 are here to stay — and this event is going deep into what makes them tick. Co-hosted by Wunderbit and Bybit, the evening workshop blends honest stories from real traders with expert insights on how to avoid common automation pitfalls.

From bot setups that work to the ones that quietly drain your profits, this is your chance to ask the tough questions, hear unfiltered answers — and maybe rethink how you’re running your own bot strategy.

 (RWAs) are taking center stage at the RWA Gulf Summit, a high-powered event co-hosted by Qatar National Bank, Commercial Bank International and DMZ Finance. This summit brings together bank leaders, wealth funds, participants in DIFC, institutional investors and industry pioneers to explore the evolution of tokenized finance in the Middle East and beyond.

Bybit’s Head of Financial Products Jerry Li will take the stage to discuss how 

 (CEXs) can harness RWAs for enhanced yield and 

Dubai's Pinnacle Mixer: Mantle, Mirana, Bybit and Ethena

High above the city, this mixer brings together some of the biggest names in web3 — Mantle, Mirana, Bybit and Ethena. Expect an unforgettable evening of casual chats, cross-chain connections and cocktails with the minds behind some of today’s most innovative projects.

This private event is all about experiencing Bybit Pay in action. See interactive demos, grab a sneak peek at upcoming partnerships and network over bites and drinks. It’s a rare behind-the-scenes look at the way Bybit is shaping the future of crypto payments. 

Wrapping up the week is the Bybit Institutional Symposium — a full-day event dedicated to aligning strategies with institutional clients and forging new collaborations. From macro views to product deep-dives, this conference is built to spark big conversations among serious players.

The day concludes with a gala dinner, a fitting finale to a week in which ideas, connections and innovation have taken center stage.

Intermediate

Bybit Learn Highlights What to Expect at Bybit

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Highlights: What to expect at Bybit (Apr 28–May 2, 2025)

Balance (EPT) is revolutionizing web3 gaming with evolving AI companions, blending blockchain, strategy, and intelligent gameplay in one powerful platform.

Artificial intelligence (AI) agents are a key growth area within the blockchain industry. Projects like Artificial Superintelligence Alliance (FET), 

 (AI16Z) and countless others have been essential components driving the overall crypto market. As of April 2025, the CoinGecko portal lists more than 500 cryptocurrencies within its category of AI Agents. These intelligent assistants are now helping individuals and businesses analyze markets, create textual and visual content, automate work processes and trade profitably.

There's a further area where AI agents on the blockchain are flourishing: the world of 

 gaming. In this sphere, bots and agents based on AI algorithms are helping users develop the best in-game strategies, succeed in the competitive world of play-to-earn (P2E) and overcome key challenges in complex gameplay.

Balance (EPT) is a blockchain gaming project that takes the use of 

 to a completely new level. The creation of the team at the world’s largest social gaming platform, E-Pal, Balance offers players AI agents that can aid them in the in-game environment and serve as their personal companions. Based on a multi-layer architecture, the platform offers some of the most cutting-edge use cases for gaming-oriented AI agents.

 (EPT) is a web3 gaming platform that allows players to easily create, own and use AI companions within the blockchain games it supports.

 Balance supports a variety of first-party (internally developed) and third-party web3 games. You can deploy your AI gaming companions and they’ll act as your assistants, friends or co-players within Balance games.

Using Balance.fun, the platform’s primary web interface, you can create your AI agents and specify various details, such as appearance, personality and functions.

Balance isn’t just another obscure crypto gaming platform. The origins of the project date back to 2020, when the E-Pal social gaming provider was launched by four young California-based technology entrepreneurs — Brian Xiong, Tung Pham, Yuzhe Norris Wang and Yuanzhe Li. E-Pal quickly became a leading force in the newly emerging social gaming field, helping players worldwide find gaming companions. By early 2024, E-Pal had become the world’s largest gaming companion platform, boasting 4.2 million users and 450,000 Epals (gaming companions).

In February 2024, the E-Pal team focused its efforts on 

 and AI technologies, starting the development work on the Balance gaming platform. In September of the same year, Balance went live.

Per the project’s documentation, the platform operates on its own chain, Balance Chain, with 

 (AA) technology used for cross-chain communication. The fungible and 

 (NFTs) held by user accounts are based on the 

A key part of the Balance ecosystem is Key Nodes — purchasable 

 that help with the processing, storage and distribution of data required in the resource-intensive environment of web3 gaming. Some applied instances are the management of real-time leaderboards and the automatic distribution of loot and in-game currency. These nodes can also support the computational requirements of training AI models. As a reward for their work in supporting the platform’s operations, Key Nodes receive a wide range of rewards and benefits, including distributions of EPT tokens, the platform’s native cryptocurrency.

As the ecosystem develops, Key Nodes are envisioned to be involved in governance, 

 launch in September 2024, Balance introduced its Points System, designed to reward early contributors to the platform. During the campaign run in September, users could earn points by completing various specified tasks in various activities, such as joining the project’s social media pages or commenting and reposting.

The 400 users with the best performance in the Points System earned a whitelist spot to receive Pioneer Badge NFTs — distinct tokens that provide owners with early access to games, future campaigns, airdrops and beta testing opportunities. Pioneer Badge NFT holders can also enjoy other benefits, such as premium NFTs and voting rights on the Balance platform.

Balance’s platform provides a set of tools to create and use intelligent companions for Balance-based games. You can design your AI companions by specifying their key traits and behaviors through custom prompts and strategies. The AI agents on Balance can assist you in battles, gaming contests, learning, routine task execution and interactive entertainment.

Balance’s platform is made up of five key layers, each one serving a specific purpose in supporting its user and developer communities. At the top of the architectural stack is the application layer, which acts as the main interface for users to interact with human and AI companions and the wider Balance community.

The application layer also contains the AI Battle Reporting System, which is designed to give users feedback and analysis tools on their performance in the platform’s gaming ecosystem. AI technology is leveraged here to provide personalized analytics and performance improvement recommendations.

A range of NFTs are also part of the layer. These include in-game asset NFTs, as well as 

 (SBTs) that serve as summaries of the holder’s achievements.

The platform layer hosts the various games within the Balance gaming universe. These include both internal games and third-party games that have partnered with Balance. The key concept uniting all of the games is the active integration of AI companions and AI players, making the platform a unique environment in which humans and AI agents play, interact and compete.

The platform layer also features an AI-driven NFT launchpad that offers a rich tool set for creating personalized NFTs for games and applications. These NFTs can be traded on Balance's NFT marketplace, which is also an integral part of the platform layer.

The protocol layer includes a trio of critical protocols — the Fans Protocol, Epal Fan Token (FT) Exchange Protocol and Asset Protocol. The Fans Protocol lets players launch and manage their Fan Tokens, creating opportunities for influencers and community builders to tokenize their efforts and launch high-potential crypto assets. Meanwhile, the Epal FT Exchange Protocol facilitates the management of (and trade in) Fan Tokens.

The third protocol, Asset, is used for the comprehensive management of a wide range of digital assets on Balance, providing easy-to-use tools for asset creation and trading.

The token layer is designed for core operations involving the platform’s native EPT token. This layer supports the use of EPT for in-game purchases, access to services and AI companions, Fan Token minting and trading, in addition to other functionalities.

This is the underlying infrastructural layer that powers the platform’s operational mechanism. It can be described as Balance's operating system, and is made up of several critical components: the node system, the Balance 

, the Balance Chain network and the platform's unique ID system.

The node system provides the computational and storage resources to power games and other functionality on Balance. In addition, the system acts as a key connecting medium between Balance Chain and the AA functionality that lets the platform enjoy cross-chain capabilities.

The Balance stablecoin, also part of the infra layer, is designed to reduce volatility and bring rate stability to the platform's gaming ecosystem. The Balance stablecoin system helps players engage in asset trading without the fear of wild market fluctuations, an important consideration in the 

Designed to support multiple chains, Balance Chain operates based on dynamic protocol adaptation, automatically selecting the optimal blockchain platform according to user preferences and needs. This dynamic adaptability is designed to reduce costs, improve operational speed and enhance overall security for users.

The final major component of the Balance infrastructure layer, the Balance ID system, is a unified and secure user authentication and identity management solution. To be introduced later in 2025, the ID system will let users access all services and games within the Balance ecosystem via a single set of cross-platform decentralized credentials. In addition to human players, also AI companions will have their unique IDs.

EPT is the native cryptocurrency of Balance. Although the platform has been operational since 2024, the EPT token was just launched on Apr 21, 2025, with a total and maximum supply of 10 billion. It was issued on two major blockchains — Ethereum and BNB Chain. EPT has a wide range of functional use cases on the platform, including the following:

The EPT token's supply allocation is per the chart below.

 as a swap pair with USDT, and through the exchange's 

 based on USDT. You can also take advantage of Bybit’s campaign dedicated to the token to grab a share of the 

Under the terms of the event, new users can earn EPT rewards by accumulating a deposit volume of at least 3,000 EPT, or by depositing at least 100 USDT and trading 100 USDT worth of EPT via their first spot trade with Bybit. Meanwhile, existing users can qualify for rewards by trading at least 500 USDT worth of EPT on Spot. The event is valid through May 5, 2025, 9AM UTC.

As of Apr 25, 2025, the EPT token has been on the market for only four days, and is trading at $0.0117, which is 26.4% lower than its ATH of $0.01708 on Apr 21, 2025, and 11.4% higher than its ATL of $0.01129 on Apr 22, 2025.

Long-term price forecasts for EPT are mostly bullish. DigitalCoinPrice 

 of $0.0412 in 2027 and $0.0615 in 2030, whilePricePrediction 

These and other emerging long-term forecasts for the token don't constitute investment advice. Given EPT's extremely short history on the market so far, 

 on the token's future prospects, carefully assess market fluctuations within the crypto gaming niche and consider all other relevant factors before investing in it or any other cryptocurrency.

Capturing emerging market trends and sensing the broader market conditions, the team at E-Pal recognized the tremendous potential of gaming companions back in 2020. Four years later, E-Pal realized that the new market dynamics in gaming called for something even more innovative — the use of AI companions, in addition to fellow humans. The resulting product, the Balance platform, is now racing to stake the claim to the best web3 gaming environment supported by AI agents.

The platform's unique features — cross-chain functionality supported by an AA mechanism, a dynamic exchange system that selects the best network for users' transactions and, most importantly, intelligent AI companions — can certainly help establish Balance as a leader in this niche of web3 gaming.

AI agents are taking the gaming industry by storm, with blockchain technology acting as a powerful enabler of these intelligent friends of ours. The Balance gaming universe — supported by the proven track record of E-Pal — has a great chance of becoming the go-to environment in which to befriend your next artificial gaming partner.

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Balance (EPT): Revolutionizing web3 gaming with evolving AI companions

Mantle has launched the Mantle Index Four (MI4), an institutional-grade fund providing diversified exposure to yield-bearing digital assets. 

The S&P 500 rose 2.03% on strong Alphabet earnings and optimism over a possible Fed rate cut. Gold jumped 1.5% to $3,338 as trade tensions rose and a weaker dollar, along with falling yields, boosted demand. Fed rate cut signals also supported the rally. The Coindesk Indices, which tracks the broader crypto market, rose 0.74%, with Bitcoin up 0.06% and Ether down 1.89%, in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today's top performer is INIT, up 15.4%, following the launch of Initia, which aims to revive the appchain concept with an interconnected network and an INIT token airdrop.

Initia (INIT), founded in 2022, is a modular blockchain platform that combines a Layer 1 network with customizable Layer 2 rollups, enabling scalable decentralized app development. It offers flexibility in virtual machines, gas tokens, and transaction systems, while ensuring interoperability and addressing issues like liquidity fragmentation and network congestion. Initia has 

 to revive the appchain concept by offering a network that integrates appchains in a cohesive, interconnected way. The platform emphasizes full-stack control for apps, avoiding fragmentation. Initia is also launching an airdrop with claims available until May 24, 2025. The native token, INIT, has a fixed supply of 1 billion, distributed across eight categories.

Check out the latest prices, charts, and data of 

, an institutional-grade fund providing diversified exposure to yield-bearing digital assets. In partnership with Securitize, which has tokenized over $3B in assets, the fund aims to fill a market gap by offering native yield generation in a traditional fund format. Mantle Treasury has committed up to $400M as the anchor investment. The fund will rebalance quarterly and incorporate DeFi-native staking strategies, such as mETH and bbSOL, while ensuring investor protections. MI4 targets both crypto-native and traditional investors, with Phase 1 rollout scheduled for Q2 2025.

Yesterday, BTC spot ETFs saw a total inflow of $114.7 million, all from non-GBTC funds, while GBTC recorded no flow.

Dolomite, the 10th largest DeFi lending app, is launching a 200M token 

 (20% of total supply) during its TGE on April 24, rewarding users based on platform usage. The DOLO token powers a three-token system alongside oDOLO and veDOLO, enabling incentives, governance, and potential revenue sharing. With over $800M in TVL, Dolomite expands to Berachain, integrating with its Proof of Liquidity system to offer advanced lending features and asset utility.

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Mantle launches MI4 fund for institutional-grade digital asset exposure and yield generation

Blockchain

Altcoins

Explainers

Bittensor is a decentralized marketplace that brings together providers and consumers of ML algorithms and models.

Since 2023, AI (artificial intelligence) and ML (machine learning) algorithms have been taking the business world by storm. And even with the commence of the new year in 2024, the 

symbiotic integration of AI and ML continues to be a driving force, reshaping how businesses operate, make decisions, and engage with their customers. 

The blockchain industry isn’t indifferent to the current AI revolution we’re all witnessing. A number of crypto projects are actively leveraging AI and ML models to deliver decentralized, blockchain-based solutions.

One of the most exciting projects in this rapidly growing niche is Bittensor (TAO), a platform that can be described as a massive decentralized ML computer. More precisely, the Bittensor protocol is a decentralized machine learning network where miners provide access to their ML algorithms and models, while clients use the outputs of these algorithms and models for their own applications.

 (TAO) is a decentralized machine learning protocol that acts as a marketplace for providers and users of algorithms in the domains of AI and ML.

 Miners provide the algorithms by contributing their processing power and ML models to the network. Clients who require ML algorithms as inputs for their own solutions pay in the protocol’s native crypto token, TAO, for access to them. Currently, clients can access ML models across more than 30 various domains, including some of the most popular ones such as text prompting, machine translation, data scraping, image generation, time series prediction and more.

Bittensor’s ML providers don’t operate in isolation. The models communicate over the network to exchange data and provide the best possible solutions to clients' queries.

A competitive process in action selects the best model when Bittensor’s miners handle client requests for ML computations. The miners’ individual solutions are assessed for the quality of the solutions provided. Those who consistently provide the most accurate solutions to client queries can expect more rewards from their work. This competitive process ensures clients can obtain the most accurate solutions to their ML queries.

Bittensor was originally built using Substrate, a blockchain development framework within the 

 (DOT) ecosystem. From its November 2021 launch to March 2023, the platform operated as one of the numerous 

 linked to Polkadot. Since March 2023, Bittensor has used its own blockchain network, which is optimized for ML computation and use cases.

The key aim of the Bittensor project is to make ML and AI models and algorithms available to a broader user base. While sophisticated AI and ML models are being introduced every month, access to them is often reserved for corporations with deep pockets and solid in-house expertise. By providing a decentralized and affordable network of ML algorithms, Bittensor democratizes access to these solutions, making them available for small businesses, technology startups, boutique analytics consultancies and even solopreneurs involved in the field of AI and ML technologies. As a result of opening the network to more people, AI and ML technologies will experience a rapid acceleration in growth.

Another aim of Bittensor’s platform is to provide ML computation without the need for massive hardware to handle it. In order to work effectively, ML models typically require a tremendous amount of computational power. By providing a decentralized platform where computation takes place on miners’ computers, Bittensor relieves clients from the need to own powerful (and expensive) hardware.

Finally, Bittensor promotes further R&D in the field of ML, thanks to the exchange of data between miners’ algorithms. The competitive nature of algorithm selection used by Bittensor improves the quality of ML output delivered to clients. It also helps miners improve their models through the learning and adaptation process.

Providers of ML algorithms first need to join Bittensor by applying as miners. A miner on the protocol is somewhat different from the archetypical blockchain miner you would encounter on 

 cryptocurrencies. Miners on Bittensor mine crypto by providing their algorithms to clients’ requests. They do later participate in the block validation activity, but the actual consensus mechanism on the Bittensor network isn’t based on Bitcoin-style 

After a node is registered as a miner, it’s assigned to a specific subtensor/subnet most relevant to the type of ML algorithms it provides. Bittensor offers a variety of subnets, such as text generation, text training, storage, audio, image generation, predictive analytics and more. When a client requires some ML computations, the request is directed to the subnet most aligned for the task. 

Client requests are processed in a distributed fashion, with multiple miner nodes interacting with each other and offering their inputs.

 mechanism can be described as a two-step process. First, there’s the consensus related to the best output provided to a client request. As noted earlier, Bittensor uses a competitive process called 

 to select the most accurate model for a request. It rewards miners who contribute higher quality models to the network and, as a result, have a higher chance of being selected to validate transaction blocks. Given how computationally demanding machine intelligence algorithms are, successful miners are typically required to contribute a significant amount of processing power to the network.

The elements of a competitive race (on this platform, in the form of algorithm selection) and computational power expenditure make this first step of Bittensor’s consensus quite similar to PoW. A classic PoW system also features a race to solve a computational puzzle and significant processing power expenditures. However, this PoW-like step of Bittensor’s consensus isn’t designed to add validated blocks to the network’s ledger.

The actual block validation activity occurs in the second step of the overall consensus process. Miners selected at the first step (PoI) for their quality ML contributions get the chance to validate transaction blocks. The second step of Bittensor’s consensus represents classic 

 (PoS) validation. Miners need to stake their TAO funds on the platform to participate in block validation activity. Additionally, TAO holders can delegate their staked TAO to a subnet validator and earn a portion of their staking rewards.

The two-step consensus mechanism makes Bittensor a unique platform in the blockchain world. Very few chains or protocols are based on such a combination of what is essentially a “quasi-PoW” and a PoS algorithm.

In addition to Bittensor’s PoW-like mechanism in the first step of its consensus process, it has also modeled its native cryptocurrency’s 

 to closely resemble those of Bitcoin. For these reasons, Bittensor is often compared to the world’s largest cryptocurrency network. However, the PoW process employed by Bittensor is very different from Bitcoin’s own PoW.

First of all, miners on Bittensor provide their computing power to enable ML algorithms on the network. In contrast, Bitcoin miners use their computational resources to solve a random puzzle. The laborious PoW process on Bitcoin is designed to secure the network against takeovers, prevent spam and add transaction blocks to the ledger. While all of these are noble responsibilities, mining activity on Bitcoin doesn’t provide any qualitative input into the system beyond ensuring its security and viability.

Secondly, Bitcoin miners add actual transaction blocks to the blockchain via the PoW process. Bittensor miners, whose primary role is to provide ML algorithms, might also end up validating blocks if they’re successful enough at the algorithm provision stage. Hence, the actual validation of blocks on Bittensor is based on PoS, not PoW.

It should also be noted that Bitcoin was created as a chain for secure, decentralized cryptocurrency transfers and storage, nothing more than that. On the other hand, Bittensor offers a platform that focuses on specific applications of AI and ML algorithms, not just asset transfers and storage.

As the Bittensor platform's native cryptocurrency, the TAO token is a critical element of its ecosystem. Miners can earn TAO by providing their ML algorithms to client queries, and clients use TAO to pay for access to ML algorithms and processing. The token is also used in the 

 process to validate transaction blocks. Miners selected as validators need to stake TAO in order to participate in generating blocks. Platform users can also delegate TAO to active validators to earn a share of block rewards.

TAO’s tokenomics closely resembles that of BTC. Like BTC, TAO is a capped crypto with a maximum supply of 21 million. Currently, the token’s total and circulating supplies stand at around 5.97 million. The entire supply of 21 million tokens is scheduled to be fully released via block rewards by 2046. And just as with Bitcoin, TAO has 

Currently, miners and validators share one TAO per block between them as a reward. The first halving event is scheduled to take place in September 2025, with subsequent halving events occurring every four years.

Earlier, we noted that the last step of Bittensor’s consensus mechanism involves typical PoS validation. The platform also supports stake delegation. You can easily stake your TAO funds on the platform by delegating them to your preferred validator.

You don’t need to join the platform as a miner or user of ML algorithms to participate in staking. Anyone can acquire TAO tokens from the market and stake them via the delegation process to earn crypto rewards. One great feature of TAO staking is that it’s noncustodial, which means you can unstake at any time. Unlike many other PoS platforms, Bittensor staking involves no minimum lockup periods, which makes TAO staking very flexible.

If you choose to stake TAO, you’ll need to use one of the supported crypto wallets. Besides its own native wallet, as of mid-December 2023 Bittensor supports two others for TAO staking — Polkadot-JS and Talisman. 

As of Jan 4, 2024, TAO Bittensor was trading at $246.46, or 37.3% lower than its all-time high of $394 achieved on Dec 14, 2023. That price is also 701.1% higher than its all-time low of $30.83, registered on May 14, 2023.

The token’s rapid ascent began in late October, buoyed by the increasing enthusiasm for AI-focused blockchain solutions. Between Oct 24, 2023, when the token traded at around $52, and Dec 14, 2023, TAO appreciated by 570%. Nevertheless, the bullish sentiment for Bittensor TAO has faded slightly since Dec 14, as its price has gradually declined from almost $400.

Long-term forecasts for TAO are bullish. DigitalCoinPrice 

 the token will rise to $654.29 in 2025 and $1,892.65 in 2030, while PricePrediction 

 at $587.04 in 2025 and $3,912.78 in 2030. Nevertheless, if you plan to invest in TAO, it’s important to conduct 

 and evaluate its growth potential before making your investment decision, despite the token’s current buoyant performance and confident long-term forecasts.

Currently, AI and ML are probably the fastest-growing technological areas, and projects that synergize these technologies with blockchain are experiencing unprecedented growth. As one of the most innovative and sophisticated ML projects, Bittensor is among the biggest beneficiaries of this boom. The future looks bright for Bittensor and its TAO token. Because the current wave of AI and ML popularity is unlikely to abate any time soon, Bittensor’s platform is well-positioned to take advantage of current developments.

Bittensor’s key strength is that it isn’t just another venture jumping on the AI bandwagon. The platform offers a valuable and rare service that benefits both the end-users of ML algorithms and providers of the technology. Moreover, Bittensor advances machine learning science by allowing a decentralized exchange of data between model providers. ML models on the network communicate and learn from each other, improving their accuracy and capability. As such, Bittensor is quickly shaping up as one of the prominent forces at the junction of AI and blockchain. With the growing synergy between these technologies, we’ll likely hear more about Bittensor in 2024 and beyond.

Bittensor (TAO): Pioneering Decentralized Machine Learning

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