Overview
- TAO gained more than 15% on the week, trading around $289–$298 after briefly touching about $311 following the podcast.
- OpenTensor and a March 2026 arXiv paper confirm Covenant‑72B as a 72‑billion‑parameter LLM with a 67.1 MMLU score, representing the largest decentralized pre‑training run to date.
- On-chain data show daily volume peaking at $677.06 million, while futures open interest reached about $361.15 million, both at multi‑month highs.
- Jensen Huang characterized proprietary and open-source models as complementary and likened the decentralized effort to a modern Folding@home.
- Grayscale filed to convert its Bittensor Trust into a spot ETF, with the trust’s premium viewed as a sign of growing institutional interest.