Chutes

Chutes is a serverless computing platform where open-source AI models can be run without dealing with server management. The platform runs on one of the subnets of Bittensor, a decentralized AI network, and is developed by Rayon Labs. SN64 is this subnet's alpha token on Bittensor.

On the subnet, miners provide GPU capacity and carry out inference jobs submitted by users, such as large language model, image or video generation; validators check service quality and whether the hardware matches what was declared. In Bittensor, each subnet's token is traded in its own pool paired with TAO; the network's emissions are also distributed to subnets through this structure and split among miners, validators and the subnet owner. According to project statements, SN64 sits at the center of the economy of service fees and miner rewards.

The SN64 price may be affected by genuine demand for the Chutes inference service, the subnet's share of Bittensor emissions, the value of TAO, price competition with centralized AI cloud providers and the depth of pool liquidity. The Lzzo.com page shows DefiLlama's US dollar reference price; the series on the chart is also DefiLlama's historical data.