Bittensor completes first TAO halving, reducing daily emissions from 7,200 to 3,600 TAO

Opentensor Foundation/Bittensor

Bittensor's first scheduled halving occurred in December 2025, reducing daily TAO block rewards by 50%. Following Bitcoin's supply schedule, TAO follows a 4-year halving cycle with a 21 million token cap. Grayscale Research expected the combination of reduced supply growth and rising institutional adoption to support TAO price appreciation.