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Subnet reality

Which subnets do real work

Version one. What TAONIC measured through its own gateway, and what one public index estimates, kept apart and labelled.

Measured by TAONIC graphite · the gateway’s own records

What our gateway recorded through each route

One row per route that has had at least one real request, from the durable request records. A request counts as failed only when a provider was called and did not answer.

Reading the records…

Public estimates · paper · one index

EXTERNAL REFERENCENot verified by TAONIC

Who is paid for real work, by one index

Estimates from a third-party index, not verified by TAONIC. Source: SubConnect Revenue Index, August 2026, as reported by Crypto Briefing (opens in a new tab).

  1. 01Lium SN51$8M to $10Mannualised, estimateTAONIC has no route adapter for this subnet
  2. 02Targon SN4$5.5M to $6Mannualised, estimateTAONIC has no route adapter for this subnet
  3. 03Chutes SN64$4M to $5Mannualised, estimateTAONIC has a route adapter for this subnet
Subnets counted
24
Revenue, all counted
$28M to $35M a year
Emissions
Over $300M a year
Buy back their own alpha
14 of 24

By simple division of the two estimates, counted revenue is under 12% of yearly emissions. These figures are the index’s, not TAONIC’s.

Not shown yet

What this page does not tell you

  • Median latency and median cost per route. The accounting endpoint publishes counts, not medians, so none is shown.
  • Any subnet TAONIC has not routed a request through. For those there is no measurement here, only the index’s estimate where it gives one.
  • Revenue for any subnet outside the top three. None is reproduced here.
  • A ranking. Counts from one gateway and estimates from one index are not comparable with each other, so nothing is ranked across them.