What subnets earn back against what the network pays them. Buybacks are TAO spent buying and burning a subnet's own token, read straight from the chain: a provable lower bound on outside revenue. Reported revenue comes from teams and third parties, each figure linked to its source.
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Buyback tracking began at 22 Oct 2026, 16:50 UTC, so these figures cover the last 11d only and will fill in to a full 30 days. Annualised numbers from a short window swing a lot.
Coverage = revenue ÷ emissions over the same period. Buybacks count every add_stake_burn on the subnet; the owner share is the part signed by the subnet's owner coldkey (anyone can buy back). USD values use the latest TAO price. On-chain data at block 9,419,614 (2 Nov 2026, 17:03 UTC).