Point to tao app part 2 (#553)

MichaelTrestman · Josh Earlenbaugh · Michael Trestman · web-flow · commit dba40768c440 · 2025-04-17T20:51:38.000-07:00
* working on summary of dTAO Market Overview

* Draft of Sum of Alpha Prices metric

* Small change

* Fixed typos from Xavier's feedback

* wip

---------

Co-authored-by: Josh Earlenbaugh &lt;josh@observablehq.com&gt;
Co-authored-by: Michael Trestman &lt;michaeltrestman@mac.mynetworksettings.com&gt;
diff --git a/docs/getting-started/coldkey-hotkey-security.md b/docs/getting-started/coldkey-hotkey-security.md
@@ -45,8 +45,7 @@ To use the Bittensor CLI `btcli` as a permissionless workstation:
 Websites that offer permissionless browsing of Bittensor data include:
 
 - [bittensor.com/scan](https://bittensor.com/scan)
-- [tao.app (without using the browser extention to load private key)](https://tao.app)
-- [taostats.io](https://taostats.io/)
+- [TAO.app (without using the browser extention to load private key)](https://tao.app)
 
 ## Coldkey workstation
 
diff --git a/docs/getting-started/wallets.md b/docs/getting-started/wallets.md
@@ -40,7 +40,7 @@ We must be careful to distinguish two senses of the term 'wallet' that can other
   
   - [The Bitensor wallet browser extension](https://chromewebstore.google.com/detail/bittensor-wallet/bdgmdoedahdcjmpmifafdhnffjinddgc), which is also compatible with use of a Ledger hardware wallet. See [Using Ledger Hardware Wallet](../staking-and-delegation/using-ledger-hw-wallet.md)
 
-    Using the Bittensor wallet browser extension, you can [use tao.app to manage stake](https://tao.app).
+    Using the Bittensor wallet browser extension, you can [use TAO.app to manage stake](https://tao.app).
 
   - The Bittensor Python SDK, which includes the secure [Bittensor Wallet module](https://docs.bittensor.com/btwallet-api/html/autoapi/btwallet/wallet/index.html).
   - The Bittensor CLI, `btcli`, which uses the Bittensor Wallet module under the hood. 
diff --git a/docs/index.md b/docs/index.md
@@ -45,7 +45,7 @@ The Bittensor network constantly emits liquidity, in the form of its token, TAO
 - **Stakers**&mdash;TAO holders can support specific validators by staking TAO to them. See [Staking](./staking-and-delegation/delegation).
 
 :::tip Browse the subnets
-Browse the subnets and explore links to their code repositories on [tao.app](https://www.tao.app)'s subnets listings.
+Browse the subnets and explore links to their code repositories on [TAO.app](https://www.tao.app)'s subnets listings.
 :::
 
 <ResponsiveCards>
@@ -56,7 +56,7 @@ Browse the subnets and explore links to their code repositories on [tao.app](htt
     body='Everything you were afraid to ask about Bittensor.' />
     <ResponsiveCard
     icon={GoNumber}
-    title='Subnet Listings on tao.app'
+    title='Subnet Listings on TAO.app'
     link='https://tao.app'
     body='Discover the subnets that power Bittensor and browse real-time tokenomic data and analytics.'/>  
     <ResponsiveCard 
diff --git a/docs/learn/anatomy-of-incentive-mechanism.md b/docs/learn/anatomy-of-incentive-mechanism.md
@@ -49,7 +49,7 @@ Ensure that your IM is proofed against gaming or unintended shortcuts through th
 
 Research what other subnet creators are doing.
 
-Browse the subnets and explore links to their code repositories on [Taostats' subnets listings](https://taostats.io/subnets), and learn about the latest research on subnet design, which is an active area.
+Browse the subnets and explore links to their code repositories on [TAO.app's subnets listings](https://tao.app), and learn about the latest research on subnet design, which is an active area.
 
 ## Components of an incentive mechanism
 
diff --git a/docs/learn/introduction.md b/docs/learn/introduction.md
@@ -17,7 +17,7 @@ The Bittensor platform consists of the following components:
 	
 	Each subnet is its own community, with its own goal, operating according to its own standards. For example, the [text prompting subnet](https://github.com/opentensor/prompting), developed by the Open Tensor foundation, incentivizes subnet miners that produce the best prompt completions in response to the prompts sent by the subnet validators in that subnet.
 	
-	To explore existing subnets, check out [the listings on Taostats](https://taostats.io/subnets), or engage with [Bittensor subnet communities on Discord](https://discord.com/channels/799672011265015819/830068283314929684).
+	To explore existing subnets, check out [the listings on TAO.app](https://tao.app), or engage with [Bittensor subnet communities on Discord](https://discord.com/channels/799672011265015819/830068283314929684).
 
 2. The ***Bittensor blockchain*** serves as a system of record, and its token TAO (τ) serves as incentive for participation in subnet activities. Miners and validators harvest TAO based on both their performance within subnets, and on the performance of those subnets within Bittensor. Hence, emission of TAO incentivizes miners and validators to do their best, creating the perfect conditions for continuous improvement. The Bittensor blockchain records balances and transactions for miners, validators and subnet creators, and allows arbitrary parties to stake currency into subnets in order to support their work.
 
@@ -49,7 +49,7 @@ The documentation also describes the role of **Blockchain operator**. This appli
 See [Running a Subnet Locally](https://github.com/opentensor/bittensor-subnet-template/blob/main/docs/running_on_staging.md)
 
 :::tip Browse the subnets
-Browse the subnets and explore links to their code repositories on [Taostats' subnets listings](https://taostats.io/subnets).
+Browse the subnets and explore links to their code repositories on [TAO.app's subnets listings](https://tao.app).
 :::
 
 ## Subnet development
diff --git a/docs/miners/index.md b/docs/miners/index.md
@@ -13,7 +13,7 @@ All mining in Bittensor occurs within a subnet. Each subnet independently produc
 
 Mining in Bittensor is not like mining Bitcoin or many other blockchains, it is active, creative, and competitive. Preparing to be a subnet miner involves researching the right subnet(s) for *you* to mine, given your own expertise and access to hardware.
 
-Browse the subnets and explore links to their code repositories on [Taostats' subnets listings](https://taostats.io/subnets).
+Browse the subnets and explore links to their code repositories on [TAO.app' subnets listings](https://tao.app).
 
 :::tip Typical compute requirements
 Each subnet may have distinct hardware requirements, but this [minimum requirements template for subnet creators](https://github.com/opentensor/bittensor-subnet-template/blob/main/min_compute.yml) may give an idea of minimum memory, bandwidth and storage requirements for a typical subnet node.
diff --git a/docs/questions-and-answers.md b/docs/questions-and-answers.md
@@ -60,7 +60,7 @@ At the same time, validators are also incentivized to do their best work, becaus
 
 The task of miners is different in each subnet. For example, subnet 1 produces LLM inference, and the miner task is to respond to a text prompt with a completion. Subnet 2 serves machine translation, and subnet 21 serves storage.
 
-Browse the subnets on [tao.app](https://tao.app)
+Browse the subnets on [TAO.app](https://tao.app)
 
 ### So where does the blockchain come in?
 
@@ -111,7 +111,7 @@ See:
 
 Unfortunately no. Subnets are not run or managed by Opentensor Foundation, and the landscape of subnets is constantly evolving. 
 
-Browse the subnets at [tao.app](https://tao.app), or on [Discord](https://discord.com/channels/799672011265015819/830068283314929684).
+Browse the subnets at [TAO.app](https://tao.app), or on [Discord](https://discord.com/channels/799672011265015819/830068283314929684).
 
 ### Can I be a subnet miner or a subnet validator forever?
 
diff --git a/docs/staking-and-delegation/managing-stake-tao-app.md b/docs/staking-and-delegation/managing-stake-tao-app.md
@@ -2,11 +2,10 @@
 title: "Managing Stake with tao.app"
 ---
 
-[Tao.app](https://tao.app) offers a portal to real-time tokenomic data about the Bittensor ecoystems and all its subnets, and allows users to securely manage their stake using the Bittensor wallet browser extension.
+[TAO.app](https://tao.app) offers a portal to real-time tokenomic data about the Bittensor ecoystems and all its subnets, and allows users to securely manage their stake using the Bittensor wallet browser extension.
 
 ## Subnets Explorer
 
-
 ## Metrics/dTAO Market Overview
 
 The dTAO Market Overview panel gives ecosystem users and investors an overview into the many measurements for assessing various important aspects of the state of the overall TAO ecosystem. 
@@ -29,5 +28,26 @@ When the sum is closer to around 1 for the time period specified, it suggest tha
 When the sum is greater than 1 for the time period specified, it suggests that at least some subnets are experiencing buying pressure, which is driving up prices.
 When there is a high sum (e.g. 10+) in a relatively short time frame, it could indicate widespread speculation, possibly even signaling a bubble, or at least high usage/subnet demand.
 
+## Metrics/dTAO Market Overview
+
+The dTAO Market Overview panel gives ecosystem users and investors an overview into the many measurements for assessing various important aspects of the state of the overall TAO ecosystem. 
+
+### Sum of Alpha Prices
+
+The Sum of Alpha Prices is the combined value of all active subnet token prices (Alpha tokens) relative to TAO. 
+
+#### How it works
+
+When there's no trading activity, the AMM mechanism causes Alpha token prices to converge back toward 1, maintaining price equilibrium.
+When trading is active, prices diverge &mdash often significantly &mdash based on supply/demand dynamics within each subnet's liquidity pool.
+Because prices are AMM-driven, the sum can theoretically grow infinitely if there's significant buy pressure on multiple subnet at once.
+
+#### Why it matters
+
+The most useful aspect of this overview metric is that it can give you, as an ecosystem participant, insight into the level of speculation currently in the market overall over a given time period.
+
+When the sum is closer to around 1 for the time period specified, it suggest that there has been little market pressure, low activity, and/or natural decay back to equilibrium between TAO and Alpha tokens.
+When the sum is greater than 1 for the time period specified, it suggests that at least some subnets are experiencing buying pressure, which is driving up prices.
+When there is a high sum (e.g. 10+) in a relatively short time frame, it could indicate widespread speculation, possibly even signaling a bubble, or at least high usage/subnet demand.
 
 ## Subnet details
diff --git a/docs/subnets/walkthrough-prompting.md b/docs/subnets/walkthrough-prompting.md
@@ -18,7 +18,7 @@ In this section we present a high-level walkthrough of the [Subnet 1: Prompting]
 This subnet is driven by large language models (LLMs). These LLMs search the internet and utilize specialized simulator modules to produce factually accurate and mathematically correct responses. 
 
 :::tip Subnet 1 Explorer
-You can see the prompting subnet in action on the [Taostats explorer (select Subnet 01: Text Prompting from the top menu)](https://taostats.io/). 
+You can see the prompting subnet in action on the [TAO.app explorer (select Subnet 01: Text Prompting from the top menu)](https://tao.app). 
 :::
 
 ## Before you proceed
@@ -28,7 +28,7 @@ If you are new to Bittensor subnets and building blocks, read the following sect
 - [Bittensor Building Blocks](../learn/bittensor-building-blocks).
 - [Anatomy of Incentive Mechanism](../learn/anatomy-of-incentive-mechanism).
 
-The below diagram shows a typical subnet with many subnet miners and subnet validators together executing the subnet incentive mechanism code. On the [Taostats explorer (select Subnet 01: Text Prompting from the top menu)](https://taostats.io/) the **Metagraph** view for this Subnet 1: Prompting shows the performance details for each subnet miner and validator. 
+The below diagram shows a typical subnet with many subnet miners and subnet validators together executing the subnet incentive mechanism code. On the [TAO.app explorer (select Subnet 01: Text Prompting from the top menu)](https://tao.app) the **Metagraph** view for this Subnet 1: Prompting shows the performance details for each subnet miner and validator. 
 
 For easier understanding, in this document we will focus on how a **single** subnet validator interacts with **multiple** subnet miners in this subnet. 
 
diff --git a/docs/subtensor-nodes/index.md b/docs/subtensor-nodes/index.md
@@ -65,7 +65,7 @@ Use `--sync=full` and `--pruning archive` when starting a subtensor node. See [U
 The full synchronization performed by an archive node can be significantly slower than warp sync (done by a lite node) as it involves processing every block. Also, archive nodes require substantially more storage space due to the complete historical data.
 
   :::tip archive node for a blockchain explorer
-  Applications such as Bittensor blockchain explorer, for example, [Taostats](https://taostats.io/) that require access to historical blockchain data use an archive node. 
+  Applications such as Bittensor blockchain explorer, for example, [TAO.app](https://tao.app) that require access to historical blockchain data use an archive node. 
   :::
 
 
diff --git a/docs/validators/index.md b/docs/validators/index.md
@@ -10,7 +10,7 @@ import useBaseUrl from '@docusaurus/useBaseUrl';
 
 All mining and validating in Bittensor occurs within a subnet. Each subnet independently produces the digital commodities that are its purpose, each subnet creator defining a different *incentive mechanism* for validators to use in judging miners' work. The validator's work is to apply this incentive mechanism to miners, using it to score their performance, and then to submit these weights to the Bittensor blockchain. It is validators scores of miners' performance that determines the proportion of the subnet's emissions allocated to each miner, according to the Yuma Consensus algorithm. See [Emissions](../emissions.md).
 
-Browse the subnets and explore links to their code repositories on [Taostats' subnets listings](https://taostats.io/subnets).
+Browse the subnets and explore links to their code repositories on [TAO.app' subnets listings](https://tao.app).
 
 :::tip Typical compute requirements
 Each subnet may have distinct hardware requirements, but this [minimum requirements template for subnet creators](https://github.com/opentensor/bittensor-subnet-template/blob/main/min_compute.yml) may give an idea of minimum memory, bandwidth and storage requirements for a typical subnet node.
