Bittensor is expanding its reach. The AI-focused blockchain network launched a canonical version of its TAO token on the Solana network on May 5, opening the door to the largest DeFi ecosystem in crypto. Within hours, TAO’s price climbed more than 3.5%.
The Solana integration was facilitated by Wormhole Labs' Sunrise platform, creating an officially recognized bridged version of TAO. This avoids the liquidity fragmentation seen with unofficial wrapped tokens. Solana-native platforms like Jupiter and Meteora now support TAO trading, giving over 100 million wallets direct access.
On the institutional side, Grayscale Investments has opened its Bittensor Trust for private placements. This structure allows accredited investors to gain exposure to TAO through a traditional trust vehicle, bypassing the need to hold the token directly. The move signals growing institutional appetite for AI-related digital assets.
Bittensor is a decentralized network where machine learning models compete to provide the best intelligence, with TAO as the incentive token. Its market cap currently stands at $2.99 billion, ranking 36th among all cryptocurrencies.