Metrics glossary

Every value TaoScope displays, what it means, and where it comes from. Derived values state their formula.

Units and conventions

Convention	Definition
τ (TAO)	The network token. Chain APIs return balances in `RAO`, where 1 TAO = 10⁹ RAO; TaoScope converts before display.
α (alpha)	A subnet's own token. Each subnet has a distinct alpha with its own price in TAO.
Per day	Extrapolated from per-block values at 7,200 blocks per day (12-second blocks).
—	Not reported by the data source. Distinct from zero, and never substituted with zero.
Netuid	A subnet's numeric identifier. Netuid 0 is the root network and is excluded from subnet listings.

Subnet market metrics

Metric	Definition
Alpha price	TAO per alpha, set by the ratio of TAO to alpha in the subnet's liquidity pool.
Market cap	Circulating alpha valued at the current alpha price, denominated in TAO.
Liquidity	Value held in the subnet's AMM pool. Deeper pools absorb larger trades with less slippage.
Pool TAO	TAO held on one side of the subnet's pool, reported by the chain as total TAO.
24h volume	TAO traded against the pool over the trailing 24 hours, split into buy and sell volume where available.
FDV	Fully diluted valuation: alpha price multiplied by the maximum alpha supply. It assumes full dilution and is not a market cap.
Emission	TAO flowing into the subnet per day, extrapolated from the per-block figure reported by the chain.
Emission share	This subnet's per-block emission as a fraction of total network block emission.
Root proportion	The share of the subnet's stake weight attributable to root TAO rather than alpha.

Subnet chain parameters

Metric	Definition
Registration cost	The recycled-TAO burn required to register a hotkey right now. Rises with each registration and decays over time.
Registrations open	Whether the subnet currently accepts registrations, from the `registration_allowed` hyperparameter.
UID slots	Occupied neuron slots against the subnet ceiling (`max_allowed_uids`). The chain default ceiling is 256, with a floor of 64.
Free slots	Ceiling minus occupied slots. When zero, a new registration evicts the lowest-scoring non-immune neuron.
Tempo	Blocks between epoch boundaries, when Yuma Consensus runs and emissions are distributed. Chain default is 360 blocks, about 72 minutes.
Immunity period	Blocks during which a newly registered neuron cannot be evicted. Chain default is 4,096 blocks, about 13.7 hours, but subnets often set it higher.
Active validators	Neurons holding a validator permit, as reported upstream.
Active miners	Active non-validator neurons, as reported upstream.

Hyperparameters are per subnet

Defaults quoted above are chain defaults, not guarantees. TaoScope shows the live value for each subnet; treat that as authoritative over any default.

Miner metrics

These are the values in the “Mine on SN…” panel. Everything is either read from chain data or derived from it using the documented protocol split.

Metric	How it is produced
Miner pool / day	Subnet daily emission × 0.41, the protocol's miner share after the 18% owner cut.
Average miner / day	Miner pool per day ÷ active miner count. An arithmetic average, not a typical outcome — real distributions are heavily skewed.
Top miner / day	Miner pool per day × the highest single miner's normalised incentive share, read from the subnet metagraph.
Median earning miner / day	Miner pool per day × the median incentive share among miners with non-zero incentive.
Top 10 concentration	Combined incentive share of the ten highest-ranked miners. High values mean mid-table placement earns very little.
Days to recover registration	Registration cost ÷ the corresponding daily earnings figure. Covers only the burn, not hardware or running costs.
Slot utilisation	Occupied UID slots ÷ ceiling, shown as a percentage.

The two formulas behind every earnings figure

miner_pool_per_day     = subnet_emission_per_day × 0.41
miner_earnings_per_day = miner_pool_per_day × miner_incentive_share

Snapshots, not forecasts

Earnings figures apply today's incentive distribution to today's emission pool. They are not predictions and do not account for compute costs or alpha price movement. See Emissions and Yuma Consensus.

Neuron scores

Score	Definition
Incentive	A miner's normalised share of the subnet's miner emission, produced by Yuma Consensus. This is what determines miner pay.
Trust	How consistently validators agree that a neuron deserves weight, rather than a single validator favouring it.
Consensus	The stake-weighted, clipped agreement across validators, which limits any single validator's influence.
Dividends	A validator's share of validator emission, before its take is deducted and the remainder paid to delegators.
Rank	Raw weight received before normalisation into incentive.
Validator permit	Whether a hotkey is currently permitted to set weights. Recalculated each epoch from stake weight.

Chain RPC returns these as unsigned 16-bit integers. TaoScope divides by 65,535 to present them as 0–1 fractions.

Validator metrics

Metric	Definition
Stake	Total stake weight behind the validator's hotkey, including delegated stake.
Take	The percentage the validator keeps before distributing rewards to delegators.
Nominators	Distinct coldkeys currently delegating to this validator.
APR / APY	Annualised return derived from recent observed returns. Backward-looking and not guaranteed.
Dominance	The validator's share of total network stake weight.
Active subnets	Subnets on which the validator currently holds a registration.

Tip

If a metric you see in the interface is not defined here, please tell us on the contact page so we can add it.

Last updated August 7, 2026