Live · updated 21 minutes ago
Chutes Price chart
Key stats
Performance
How the price moved over each period.
Supply
6.32M of 21.00M SN64 are in circulation.
- Circulating
- 6.32M
- Total supply
- 6.32M
- Max supply
- 21.00M
ⓘ Circulating · Total supply · Max supply
Circulating supply: coins currently available to trade, as reported by the data provider.
Total supply: coins created so far, minus any burned. It includes locked or not-yet-released coins.
Max supply: the hard cap on coins that can ever exist. Shown as “No max supply” when the protocol sets no cap.
CryptoWave Health score
Five measurable signals. Each ring segment’s length is its weight; how full it is shows the score.
Volume is 0.56% of market cap. Thin trading; small orders can move the price.
$93.51M market cap, rank #278. Bigger is harder to push around.
30% of the maximum supply circulates. Big unlocks could dilute holders.
85.8% below its all-time high of $104.42.
Largest recent swing: 4.40% a day. Moderate.
Describes market structure today. Not a price forecast and not investment advice.
How this score is calculated
A weighted average of five signals computed from the market data on this page. Each signal is scored from 0 to 100:
- Liquidity (25%): 24-hour trading volume divided by market cap.
- Market depth (25%): market cap, on a logarithmic scale from $10 million to $1 trillion.
- Supply (15%): circulating supply divided by max supply, or by total supply when there is no cap. More supply already in circulation scores higher.
- Distance from peak (15%): the current price compared with the all-time high.
- Stability (20%): the largest recent price swing among the 1-hour move (×3), the 24-hour move and the 7-day move (÷2.6).
Bands: 75 and above strong, 55–74 fair, 35–54 weak, below 35 fragile.
Limits: the score describes current market structure only. It is not a price forecast, an audit or investment advice, and it does not consider the team, code or token unlocks. A missing input counts as a neutral 50.
Time machine
Drag the date. See what a one-off buy or a regular buy would be worth today. Real daily closing prices, fees not included.
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What is Chutes (SN64)?
Chutes is a serverless AI compute platform and the 64th subnet of Bittensor, a decentralized network for machine intelligence. Its documentation describes it as a fast, scalable inference engine for serverless AI code. Developers deploy models and apps as units called chutes, without managing servers. Users can create custom chutes with their own models, prompts and configurations, and deploy them to the cloud in one step.
The project is built by Rayon Labs, a collective that also runs other Bittensor subnets, and launched in early 2025. Its code is on GitHub at rayonlabs/chutes.
How SN64 works
SN64 is not a stand-alone blockchain token. It is the subnet token for subnet 64 on Bittensor. Since Bittensor introduced dynamic TAO in February 2025, every subnet has its own token, traded against TAO in a pool, and subnet emissions are shared among participants.
- Miners provide GPU compute for inference.
- Validators check miner work and score it, and rewards follow those scores.
- Subnet token holders can stake TAO into the subnet to receive its token.
SN64 supply and token design
Bittensor's TAO has a fixed maximum supply of 21 million, with halvings tied to total issuance. Subnet tokens are issued each block within a subnet and are split between the subnet owner, validators and miners, 18, 41 and 41 percent. The protocol also injects tokens into each pool to provide liquidity.
This subnet token lives on Bittensor, not on Ethereum or Solana. Subnet data can be tracked on Bittensor explorers such as Taostats. Live circulating supply is shown in the market data on this page.
Official information is on chutes.ai.
What to check before using SN64
- The subnet depends on TAO emissions for much of its rewards, and the token is only meaningful within the Bittensor system. Changes to Bittensor emission rules would directly affect it.
- Value in a subnet pool is tied to the TAO price and the pool's liquidity, so slippage on swaps can be large.
- Rewards come largely from network emissions rather than outside customer revenue, so check how much paid usage the service has.
- The subnet is operated by a team that can change its code, so review current documentation.
- You hold subnet tokens through Bittensor wallets, so use official tools such as the Bittensor explorer.
Chutes project profile
- Open source
- No
Token contracts
- Bittensor:
64
Always confirm links on the project's own official channels before connecting a wallet or sending funds.
Chutes market analysis
With a market capitalisation of $93.51 million, Chutes (SN64) is classed as a micro-cap asset and ranks #278 of 402 cryptocurrencies with a reported market cap on CryptoWave, larger than about 30.8% of them. It accounts for roughly under 0.01% of the combined tracked market value. Micro-cap assets are thinly traded in most cases: a modest order can move the price and spreads are often wide.
Over the last 24 hours roughly $525.2 thousand of SN64 changed hands, equal to 0.56% of its market cap, which puts its trading volume ahead of about 31.3% of tracked assets. That is a quiet level of turnover, so large orders may meet limited depth. Its turnover ratio is higher than that of about 30% of tracked assets.
Price action: SN64 moved −4.15% in 24 hours and −11.43% over 7 days. It underperformed Bitcoin by 2.47 percentage points over 24 hours and by 7.18 points over 7 days. Against the median tracked coin (behind by 2.59 points on the day and behind by 6.54 points on the week), it has been a relative laggard in recent sessions.
To overtake SanDisk (bStocks Tokenized Stock) (SNDKB) just above it, Chutes would need to grow its market cap by about 0.7%; it is 3.6% larger than Nexus Mutual (NXM) just below. Its market cap is under 0.01% of Bitcoin's.
Based on market data; not investment advice.
Chutes FAQ
What is Chutes (SN64)?
Chutes is Bittensor subnet 64, a serverless AI compute platform built by Rayon Labs. SN64 is its subnet token.
What is SN64 used for?
It represents stake in subnet 64 and is tied to the way Bittensor emissions are shared between the subnet's owner, validators and miners.
Who built Chutes?
Rayon Labs built Chutes, a collective that also runs other Bittensor subnets.
How is SN64 different from TAO?
TAO is Bittensor's main token with a 21 million cap. SN64 is the separate token of one subnet, swapped against TAO in a pool.
Price history
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