Affine
#120ReasoningDecentralized reinforcement learning for AI reasoning and code generation models via multi-subnet competitions.
Price
24h
7d Change
Market Cap
Emission
Miners
Validators
Competitor Mapping
Affine
Decentralized
Market Cap
$79.22M
TAM
$50.00B
Model
Token-incentivized
Team
Decentralized miners
OpenAI (o1/o3 reasoning)
Private
Market Cap
Private
TAM
$50.00B
Model
Revenue-driven
Team
Enterprise
Open RL training loop for reasoning models, competing with OpenAI's proprietary o-series. Uses Chutes for hosting, creating subnet composability.
Implied Valuation
If Affine captures a share of OpenAI (o1/o3 reasoning)'s $50.00B TAM
Bear - 0.1% TAM
$50.00M
implied valuation
vs $79.22M current
Base - 1% TAM
$500.00M
implied valuation
vs $79.22M current
Bull - 5% TAM
$2.50B
implied valuation
vs $79.22M current
Scenarios illustrate potential scale relative to the traditional market. Actual outcomes depend on adoption, tokenomics, and competitive dynamics.
Thesis
Reasoning models are the highest-value AI capability in 2026. Affine as an inter-subnet coordination layer is a meta-bet on the entire ecosystem.
Team
Founded by Jacob Steeves, co-founder of Bittensor itself. Spearheaded by the Affine Foundation. Strong participation from global developer community including Chinese AI sector. Team is doxxed (Jacob Steeves is a public figure).
- Jacob Steeves - Founder - Co-founder of Bittensor, PhD researcher, one of the most prominent figures in the TAO ecosystem
Funding
No specific VC funding rounds disclosed for Affine Foundation. Jacob Steeves has significant personal investment history in the Bittensor ecosystem.
Traction
Market cap ~$69.6M, ranked #357 on CoinGecko. Token rose 42.7% in one week (Mar 2026). Listed on LBank. Bridged to Base via Project Rubicon. Strong credibility from Jacob Steeves' involvement. No confirmed external revenue figures.
Recent News
- Mar 2026 - SN120 token rose 42.7% in one week, trading at ~$21.3
- Late 2025 - Joined Project Rubicon, bridged to Ethereum Base chain
- 2026 - Market cap reached ~$69.6M
Risk
Complex multi-subnet dependency chain; if upstream subnets degrade, output quality suffers.