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gm

SN28 Rank #709
$6.57▲ 2.75%24h
Low $6.20High $6.59

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Market cap$30.40MRank #709
Fully diluted value$137.88M
Volume (24h)$733.1KVol / Mcap 2.41%
Circulating supply4.63M22.0% of max
Total supply21.00M
Max supply21.00M
All-time high$8.05Sep 23, 2026
All-time low$1.91Jul 16, 2026

What is gm?

API marketplace

gm connects AI application users with operators supplying model API capacity. Developers can connect existing OpenAI, Anthropic or Gemini-compatible software to its gateway. Miners provide upstream provider access rather than training a new foundation model as their primary task. Competing operators offer capacity and pricing through the service. The network's mainnet identifier is Bittensor Subnet 28.

Execution and privacy

The gateway runs inside an Intel TDX trusted execution environment. Hardware attestation allows users to check measurements of the gateway software. Requests to proprietary models are still executed by the external model provider under that provider's API terms. The gateway protects the routing stage rather than moving those proprietary models into its own enclave. A separate confidential model offering runs open-weight models within trusted execution environments.

Subnet asset

SN28 is the subnet's alpha asset and is separate from TAO. Bittensor's subnet pools connect TAO staking with exposure to the relevant alpha token. Converting between them depends on pool pricing, so the exchange is not a fixed one-to-one redemption. Bittensor's emissions framework allocates rewards to subnet participants. These token incentives are separate from the API usage charges paid by customers.

Where to trade SN28

1 exchanges · top 10

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#ExchangePairsVolume (24h)
1Subnet TokensExchangeSN28 / SN0$1.78MTrade ↗
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SN28 funding rates

Live perpetual funding on every connected exchange. Positive = longs pay shorts.

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Contracts & chains

Exact contract or mint per network — the identity layer used for DEX routing.

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On-chain routes

Networks with a connected DEX routing adapter.

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