Bittensor's first halving is approaching, and the dTAO mechanism is driving subnet market cap expansion

[Bitpush] Recent analysis points out that Bittensor is experiencing a critical development milestone. Based on the historical experience of Bitcoin’s four halvings, supply contraction often strengthens network security and market valuation—this logic also applies to TAO.

Bittensor is about to undergo its first halving, which means it is taking another step toward its 21 million token supply cap. More importantly, network adoption data is showing strong performance, and institutional capital inflows are accelerating.

It is worth noting the dTAO mechanism launched in February this year. This system allows subnets to receive direct investment, resulting in a significant expansion of their total market capitalization. At present, some subnet applications have already achieved early results. Coupled with the continuous increase of institutional capital within the ecosystem and the upcoming supply halving event, these factors combined may provide positive momentum for the price of TAO.

Of course, the crypto market is never short of variables. But Bittensor’s fundamentals are indeed improving, and its performance in the coming months is worth watching.