# Subnets

A tour of the Taostats Subnets page: the value, stake split and volume infoboxes, the ranking table columns, and the price, emission, registration cost and deregistration views.

_Source: https://beta.taostats.io/docs/understanding-taostats/subnets/subnets_

_Last reviewed: 2026-09-15_

The [Subnets page](https://taostats.io/subnets)  is the entryway into the world of subnets.  At the top of the page are three infoboxes with an overview:

## Infoboxes

### Subnets Value

This shows the sum of subnet prices (in tao).  Root always has a price of 1.  In the chart below, the sum of subnet prices is 1.60.

![Taostats subnets value widget showing total value in TAO with a root/alpha proportional split bar](https://beta.taostats.io/images/docs/understanding-taostats/taostats-subnets-value-split-bar.png)

### Stake Split

The division of stake between root and subnets.

![Taostats total stake split widget showing total stake in TAO with a root/alpha proportional split bar](https://beta.taostats.io/images/docs/understanding-taostats/taostats-subnets-stake-split-bar.png)

### Total Volume

Total buys and sells on root vs. total buys and sells on other subnets.

![Taostats total volume widget showing 24-hour volume in TAO with a root/alpha proportional split bar and paired values](https://beta.taostats.io/images/docs/understanding-taostats/taostats-subnets-total-volume-split-bar.png)

The initial sort is by Market Cap.

Subnet data can be shown in tao values (where all alpha token is converted into tao) or in USD.

![Taostats subnets ranking table with rank, subnet, emission, price, 1H/24H/1W change, market cap, volume, liquidity, and 7-day sparkline columns above a TAO/USD toggle](https://beta.taostats.io/images/docs/understanding-taostats/taostats-subnets-ranking-table.png)

* *Name*\*: The name and netuid of the subnet.
* **Emission**: The subnet's share of per-block TAO emission. As of 2026-06-30, determined by `subnet-price EMA × (1 − miner_burned)`, renormalized (subtensor PR [#2800](https://github.com/opentensor/subtensor/pull/2800) removed the earlier `root_proportion` weighting). See [Price-based subnet emission shares](https://beta.taostats.io/docs/concepts/protocol-changes/price-based-emission-shares).
* **Price**: The [Alpha Price](https://beta.taostats.io/docs/concepts/tokenomics/alpha-tokens#alpha-price)  of the subnet.
* **1H**: Price trend over the previous hour.
* **24H**: Price trend over the previous day.
* **1W**: Price trend over the previous week.
* **1M**: Price trend over the previous month.
* **Market Cap**: The Circulating supply of alpha token (this can be displayed in tao or in USD.)
* **Volume**: Amount traded in the last 24 hours (in tao or USD.)
* **Liquidity**: Total value of tokens in the [Subnet Pool](https://beta.taostats.io/docs/concepts/subnets/subnet-pools).
* **V3**: Are V3 liquidity options available?
* **Liq Price**: The liquidation price for the subnet — the effective per-alpha TAO holders would receive if the subnet's pool were drained today. Compare to the current price: if liq price is *above* current, holders would be paid a premium versus market; if *below*, they would take a loss. (Replaces the old ADR metric.)
* **Root Prop**: Percentage of validator emissions to root.
* **Root Sell**: Deprecated.

## Subnets Total Price

A chart showing the sum of subnet prices over time.

![Taostats subnets total price combo chart overlaying a price area line with volume bars against price and volume axes over time](https://beta.taostats.io/images/docs/understanding-taostats/taostats-subnets-total-price-chart.png)

## Subnet Top Emissions

![Taostats subnet top emissions multi-line time-series chart of top subnets' emission share with color-coded legend cards and a percentage axis](https://beta.taostats.io/images/docs/understanding-taostats/taostats-subnets-top-emissions-chart.png)

## Subnet Registration Cost

Cost in tao to register a new Subnet. The whole lock seeds the subnet pool.

![Taostats subnet registration cost area chart plotting the TAO cost to register a new subnet over time with a current-cost stat](https://beta.taostats.io/images/docs/understanding-taostats/taostats-subnets-registration-cost-chart.png)

## Subnet Deregistration List

When a new subnet is registered, the subnet with the lowest EMA price is deregistered.

![Taostats subnets deregistration list table with subnet, pruning rank, EMA, remaining immunity, and immune-status columns plus an immune-hide filter](https://beta.taostats.io/images/docs/understanding-taostats/taostats-subnets-deregistration-list-table.png)