All Subnets

Hippius

#75Storage

Decentralized cloud storage via IPFS and S3-compatible APIs with 400+ miners across 15 countries.

Price

$0.028974-6.46%

24h

7d Change

-17.71%

Market Cap

$38.40M

Emission

-

Miners

152

Validators

10

Competitor Mapping

Hippius

Decentralized

Market Cap

$38.40M

TAM

$120.00B

Model

Token-incentivized

Team

Decentralized miners

Filecoin + Dropbox

DBX

Market Cap

$6.20B

TAM

$120.00B

Model

Revenue-driven

Team

Enterprise

Hippius $38.40M0.619%Filecoin + Dropbox $6.20B

Combines Filecoin-style decentralized storage with S3-compatible APIs. Integrated into Bittensor's AI ecosystem for AI-native storage pipelines.

Implied Valuation

If Hippius captures a share of Filecoin + Dropbox's $120.00B TAM

Bear - 0.1% TAM

$120.00M

implied valuation

+212.52%

vs $38.40M current

Base case

Base - 1% TAM

$1.20B

implied valuation

+3025.18%

vs $38.40M current

Bull - 5% TAM

$6.00B

implied valuation

+15525.92%

vs $38.40M current

Scenarios illustrate potential scale relative to the traditional market. Actual outcomes depend on adoption, tokenomics, and competitive dynamics.

Thesis

Every AI subnet needs storage - Hippius is the missing piece. Running in 15 countries with S3 compatibility lowers enterprise adoption barriers.

Team

Developed by The Nerve Lab. Team is largely pseudonymous - no individual founders publicly named. Active community on Discord and GitHub. Launched March 2025.

  • The Nerve Lab - Development team (pseudonymous)

Funding

No VC funding disclosed. Team is pseudonymous. Funded through TAO emissions and storage service revenue.

Traction

400+ miners across 15 countries. 500+ nodes operational. Working UI, console, and fiat payments live. First Bittensor subnet listed on a CEX (MEXC, Oct 2025). Market cap ~$41.3M. Quantum-safe encryption deployed.

Recent News

  • Mar 2026 - Quantum-safe encryption deployed
  • Mar 2026 - Market cap ~$41.3M, top 10 Bittensor subnet
  • Oct 2025 - First Bittensor subnet listed on a CEX (MEXC)
  • Mar 2025 - Launched on Bittensor as SN75

Risk

Decentralized storage is crowded (Filecoin, Arweave, Storj) and none have achieved meaningful enterprise adoption.