IOTA

IOTA (SN9) ranks #638 by market capitalization, at $27.00M. It has traded since Jun 6, 2025, with $80.43K of volume in the last 24 hours. Its all-time high of $20.54 was reached on Jun 10, 2025; the current price is 74.9% below that peak. Its cycle low of $0.0446286 came on Feb 28, 2026.

25.2% of the maximum supply of 21.00M SN9 is in circulation.

IOTA (Incentivised Orchestrated Training Architecture) is Bittensor's Subnet 9, a permissionless network for pretraining large language models across geographically distributed, heterogeneous GPUs. It uses data- and pipeline-parallel training so that each participant holds only a slice of the model rather than a full replica, removing the per-node VRAM ceiling that constrains other decentralized training designs. The subnet is built and operated by Macrocosmos, which rewards miners in proportion to measured contribution rather than winner-takes-all.