THE NET BUYERS
When a subnet matures, the chain stops injecting its emission as pool liquidity and starts spending it buying the subnet's own alpha. These are the subnets where that bid now exceeds what miners earn.
Net buyer ranking
Only subnets whose chain buys exceed what miners earn are listed. Scores use fixed bands, so a subnet moves only when its own numbers move.
| Rank | Subnet | Score | Buy pressure | Float | 30D emission | vs miners | Buys / yr | Float turns | Market cap |
|---|---|---|---|---|---|---|---|---|---|
| Loading live ranking… | |||||||||
How to read this
A strong bid is not a cheap price.
Chain buys are a protocol mechanic driven by root proportion, not a signal of conviction from the team or anyone else. A subnet can buy hard and still be expensive.
Tight floats cut both ways.
A small free float amplifies the bid on the way up and amplifies every exit on the way down. The subnets at the top of this table are the most volatile on the network, not the safest.
The gate is binary, the ranking is not.
Either chain buys exceed miner emission or they do not. Among those that pass, the ratio itself barely varies, which is why the ranking uses pressure, float and trend instead.
Momentum is the least durable factor.
A subnet coming off a near-zero emission base can print a four-figure percentage gain. That is arithmetic, not traction, which is why the trend factor is clamped.
Educational research only, not financial advice. Chain-buy flows are derived from on-chain emission fields and change every block. Alpha carries price, liquidity, validator, protocol and subnet-deregistration risk. A structural bid does not guarantee a rising price.