iota

SN9 Rank #634
Trading Activity Trading Activity is a 0–100 price-reliability indicator combining reported 24-hour volume with market-cap turnover, cached valid-market liquidity, active exchange breadth, and quote freshness when those inputs are available. It assesses whether the displayed market price is supported by meaningful trading; it does not assess project development, reserves, or solvency.
Thin

$124.15K traded Price signal unreliable

Trading Activity price-reliability indicator with 100 percent data coverage. Low activity replaces price-derived sentiment because the displayed market price may not be supported by meaningful trading.
$5.44
Updated Data via CoinMarketCap
Market cap The current market value of coins already in circulation.
$21.78M
AI Dominance This asset's share of the AI category's total market capitalization, calculated by dividing its market cap by the combined market cap of assets in its primary CryptoSlate category.
0.1%
Volume (24h) The estimated total value traded across exchanges over the past 24 hours.
$124.15K
Supply The circulating supply compared with the protocol-defined maximum supply.
4MMaximum supply: 21M
FDV Fully diluted valuation estimates the market value if the project's fully diluted token supply were circulating at the current price.
$114.24M

iota price chart

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Why trading activity is thin

Thin 39 100% data coverage Trading Activity explains whether the displayed price is supported by meaningful trading. It is a price-reliability indicator, not a project rating.
Price signal unreliable

Only $124,153.08 traded over the last 24 hours, and the available market evidence is too limited to support the displayed price. Price-derived sentiment is withheld until activity reaches the reliability threshold.

Price support evidence

Measured factors support the displayed price; unavailable factors are shown explicitly and reduce data coverage.
Reported volume45% weight 51 / 100
Valid-pair liquidity25% weight 0 / 100
Market-cap turnover15% weight 55 / 100
Exchange breadth10% weight 29 / 100
Quote freshness5% weight 100 / 100

Reliability decision

Price-derived interpretation begins at 40 out of 100; readings below that threshold are withheld.
39 40 / 100 minimum
Price signal withheld Price-derived sentiment is not reliable enough to publish.

Activity evidence

These observed market values underpin the Trading Activity score and its coverage.
24h volume
$124,153.08
Turnover
0.57%
Valid markets
1
Active exchanges
1

Low activity can make the displayed price sensitive to a handful of trades. Trading Activity assesses price reliability—not project development, legal status, reserves, or solvency.

Price movement Not interpreted while trading support is below the reliability threshold.

Market context

Supporting only Supporting market context is shown for orientation but is not treated as a reliable price signal.
Displayed price The latest displayed USD price. Low trading support can make this value sensitive to a small number of trades.
$5.44
Market cap The current market value of coins already in circulation.
$21.78M
Reported pairs The number of market pairs reported for this asset.
1
How Trading Activity is calculated Model v1.0 · Price reliability, not a project rating.

What it measures

The model combines reported 24-hour volume, market-cap turnover, valid-pair liquidity, active exchange breadth, and quote freshness. Missing optional evidence lowers coverage; missing volume or a known-stale quote suppresses price-derived interpretation.

Configured model weights

Reported volume
45% weight
Valid-pair liquidity
25% weight
Market-cap turnover
15% weight
Exchange breadth
10% weight
Quote freshness
5% weight

When inputs are missing, these configured weights are renormalized across the available evidence; data coverage records what is missing.

How to read it

Scores of 0–19 are dormant, 20–39 are thin, 40–69 are supported, and 70–100 are active. Scores below 40 withhold price-derived interpretation.

iota Markets

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Market details
1
Subnet Tokens
SN9/TAO $5.5775 Vol (24h) $125.72K 0
Liquidity
0

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About iota

IOTA (SN9) is a decentralized artificial intelligence training network developed by Macrocosmos as Bittensor Subnet 9. Designed as an open infrastructure for collaborative machine learning, IOTA enables a distributed network of miners and validators to collectively pre-train large language models (LLMs) using permissionless computing resources. The subnet introduces the Incentivised Orchestrated Training Architecture (IOTA), a framework that combines blockchain-based incentives with distributed AI training to enable scalable, cooperative model development. The subnet's native token, SN9, aligns incentives among participants contributing computational resources and validating model training.

Overview

IOTA addresses one of the primary challenges in decentralized AI, namely, coordinating large-scale model training across geographically distributed and heterogeneous hardware. Traditional decentralized training approaches often require each participant to host an entire machine learning model locally, creating high hardware requirements and encouraging competition rather than collaboration.

The IOTA architecture replaces this model with a cooperative training system in which participants collectively train a shared model by processing only assigned portions of the neural network. This approach allows the network to scale beyond the memory limitations of individual GPUs while maintaining decentralized participation and incentive alignment. :contentReference[oaicite:0]{index=0}

Technology and Architecture

The protocol is built around the Incentivised Orchestrated Training Architecture, which combines data parallelism and pipeline parallelism to distribute model training across independent miners. Rather than storing an entire model, each miner is responsible for a specific layer or segment of the network, reducing hardware requirements and enabling larger models to be trained collaboratively. :contentReference[oaicite:1]{index=1}

A central orchestrator coordinates training, while validators independently verify computational work by reproducing portions of each miner's output. This validation process helps ensure that participants are contributing honest and useful computation before rewards are distributed. :contentReference[oaicite:2]{index=2}

The protocol also incorporates techniques such as activation compression, efficient parameter synchronization, and contribution-based reward attribution to improve scalability and fairly compensate network participants. :contentReference[oaicite:3]{index=3}

Role of the SN9 Token

SN9 is the native subnet token within the Bittensor ecosystem and serves as the primary incentive mechanism for IOTA participants.

  • Rewards miners that contribute computational resources to decentralized AI training.
  • Incentivizes validators responsible for verifying computational integrity.
  • Supports economic coordination across the decentralized training network.
  • Aligns participant incentives with the production of high-quality machine learning models.
  • Functions within Bittensor's subnet token economy.

Through continuous performance evaluation, rewards are distributed according to each participant's measurable contribution to the network's collaborative training process. :contentReference[oaicite:4]{index=4}

Use Cases

IOTA is designed to support decentralized pre-training of foundation models and other large-scale artificial intelligence systems. The protocol enables researchers, infrastructure providers, and AI developers to contribute computing resources without requiring centralized ownership of the underlying infrastructure.

Potential applications include large language model pre-training, distributed AI research, open-source model development, decentralized compute marketplaces, and collaborative machine learning. By lowering hardware requirements for participation, the protocol seeks to broaden access to AI development while reducing dependence on centralized cloud providers.

Market Position

IOTA operates within the emerging intersection of decentralized physical infrastructure networks (DePIN), blockchain, and artificial intelligence. As one of the AI-focused subnets within the Bittensor ecosystem, it focuses specifically on distributed model pre-training rather than AI inference or application deployment. The protocol represents an effort to demonstrate that blockchain-based economic incentives can coordinate globally distributed participants to train frontier-scale machine learning models collaboratively. :contentReference[oaicite:5]{index=5}

Risks and Considerations

Decentralized AI training remains an emerging field that presents technical challenges related to distributed coordination, communication latency, computational verification, and network scalability. The protocol's long-term success depends on sustained participation from miners and validators, continued improvements to training efficiency, and adoption by AI developers.

Participants should also consider risks associated with blockchain infrastructure, token economics, evolving regulatory frameworks, and competition from centralized AI cloud providers as well as other decentralized compute networks. As decentralized artificial intelligence continues to evolve, IOTA represents an effort to combine permissionless blockchain incentives with collaborative large-scale machine learning infrastructure.

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iota Technical Details

Circulating Supply 4,004,334
Total Supply 4,004,334
Max Supply 21,000,000

iota FAQs

What is the price of iota today?

As of Oct 30, 2026, iota trades at $5.44.

What is the market cap of iota?

iota has a market capitalization of $21,782,953.24.

What is the 24-hour trading volume of iota?

iota has a 24-hour trading volume of $124,153.08.

What is the all-time high of iota?

iota reached an all-time high of $15.83, recorded on Jul 22, 2025. It is currently 65.63% below its all-time high.

What is the all-time low of iota?

iota recorded an all-time low of $3.50, recorded on Jul 9, 2026. It is currently 55.30% above its all-time low.