Bittensor's Market Cap Surges as Subnet 3 Releases Covenant-72B

TAO's value nearly doubled in March, reaching approximately $317, which boosted Bittensor's market capitalization to just over $3 billion. According to NS3.AI, this increase coincided with the release of Subnet 3's Covenant-72B. The 72-billion-parameter model was trained across more than 70 distributed nodes and achieved a score of 67.1 on the MMLU benchmark, placing it competitively alongside Meta's Llama 2 70B. Currently, over 68% of the 10.7 million issued TAO is staked.