Crypto xAI Weekly Roundup: TAO Surges 40% in a Week, Decentralized Computing Trains First Competitive-Grade Large Model
This week in crypto xAI was dominated by Bittensor subnet Templar's historic achievement: the decentralized pre-training of Covenant-72B, a 720-billion-parameter LLM, reportedly rivaling LLaMA-2-70B. Trained on 1.1 trillion tokens using consumer-grade hardware within Bittensor’s permissionless network, this milestone shifts the narrative from proving subnet viability to delivering outputs competitive with centralized alternatives. TAO surged 40% in response.
The broader DeAI market cap rose 12% to $16.2B, with FET (+61%) and RENDER (+31%) also posting significant gains. The robotics sector grew 6% to $811M, led by PEAQ’s 48% rise.
Nansen DEX flow data showed net inflows into sUSDAI, WTAO, and VIRTUAL, indicating smart money accumulation. x402 transaction analysis revealed a key trend: while transaction counts fell, the total transaction value spiked, signaling a shift toward higher-value, legitimate commercial use cases over low-value spam. AWS further validated the space by releasing a full technical reference architecture for x402, marking its transition from concept to infrastructure.
marsbit03/18 07:40
