Chutes

SN64 Price

About Chutes (SN64)

Chutes is a decentralized serverless compute platform designed to deploy, scale, and run open-source artificial intelligence models without the need for manual server management.

• It operates as Subnet 64 on the Bittensor network, leveraging a distributed infrastructure of GPU miners.
• The platform allows developers to access high-performance AI inference for Large Language Models, image generation, and video processing via a simple API.
• Chutes features Trusted Execution Environments to provide secure, private, and isolated compute resources for sensitive AI workloads.

What Is Chutes

Chutes is a decentralized infrastructure layer that provides serverless compute specifically optimized for artificial intelligence. Its primary value proposition is removing the operational complexity of managing GPU clusters, allowing developers to bring their code or models and run them at scale instantly. Value moves through the system as users pay for compute resources, which are then distributed to the miners providing the underlying hardware capacity.

The SN64 token is put to work as the primary medium for protocol service fees and miner rewards. It facilitates a marketplace where compute supply from decentralized GPU providers meets demand from AI developers. As the ecosystem grows and more models are deployed as "chutes" (the platform's term for containerized AI applications), the demand for compute— and thus the utility of the token within the Subnet 64 economy—is designed to scale accordingly.

What Makes Chutes Unique

• Decentralized Serverless Architecture: Unlike centralized providers, Chutes uses a distributed network of miners, reducing reliance on single-entity cloud infrastructure.
• Trusted Execution Environments (TEE): Chutes integrates TEE to ensure that AI computations are private and tamper-proof, a critical feature for enterprise-grade security.
• Bittensor Integration: Operating as Subnet 64, it inherits the security and incentive mechanisms of the Bittensor metagraph, aligning miner rewards with performance and reliability.
• GraVal Validation: The platform utilizes GraVal (Graphics Card Validation), a proprietary library that verifies the authenticity and capacity of miners' GPUs to prevent hardware spoofing.

What Can You Use Chutes for?

• AI Model Inference: Run production-ready Large Language Models (LLMs) such as Qwen, Llama, and DeepSeek with high throughput and low latency.
• Image and Video Generation: Deploy and scale diffusion models for creative AI applications, including 3D generation and video synthesis.
• Custom AI Deployment: Developers can build and deploy their own custom "chutes" using the platform's SDK, supporting any arbitrary Python-based AI application.
• Secure Compute: Utilize isolated environments for processing sensitive data where privacy and auditability are required.

How Does Chutes Work?

Chutes functions by abstracting GPU hardware into a serverless API. When a developer deploys a "chute," they define an "image" (a Docker-based environment containing dependencies like CUDA and Python) and "cords" (individual functions or API routes). These are then distributed to a network of miners who compete to execute the requests. The platform uses a Node Selector mechanism, allowing users to specify hardware requirements such as GPU count and minimum VRAM.

Transaction and protocol service fees are handled within the Bittensor ecosystem. Users are billed based on the actual GPU type utilized and the duration the compute instance remains active. The system includes automated scaling logic that spins up new instances based on request concurrency and shuts them down after a period of inactivity to optimize costs.

Team Info and Investors

Chutes is developed by Rayon Labs, with lead contributions from developers such as Jon Durbin. The project operates under an open-source model, with its core components including the miner stack, validator code, and development kit available on GitHub. As a Bittensor subnet, its early backing and governance are tied to the broader Bittensor ecosystem, which utilizes a decentralized Proof of Stake mechanism for network security and resource allocation. Specific venture capital rounds are not detailed in the primary technical documentation.

Where can you buy Chutes?

SN64 tokens can be traded on decentralized exchanges and centralized crypto exchanges. The most popular exchange to buy and trade Chutes is Subnet Tokens, where the most active trading pair SN64/SN0 has a trading volume of $375,583.43 in the last 24 hours. Other popular options include MEXC and Kraken.

What is the daily trading volume of Chutes (SN64)?

The trading volume of Chutes (SN64) is $536,137.65 in the last 24 hours, representing a -18.70% decrease from one day ago and signalling a recent fall in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Chutes (SN64)?

Chutes (SN64) reached an all-time high of $104.42 and an all-time low of $0.3441. It’s now trading -80.80% below that peak and 5,738.80% above its lowest price.

What is the market cap of Chutes (SN64)?

Market capitalization of Chutes (SN64) is $120,692,327 and is ranked #253 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of SN64 tokens (6 Million tokens are tradable on the market today).

What is the fully diluted valuation of Chutes (SN64)?

The fully diluted valuation (FDV) of Chutes (SN64) is $120,692,327. This is a statistical representation of the maximum market cap, assuming the maximum number of 21 Million SN64 tokens are in circulation today. Depending on how the emission schedule of SN64 tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of Chutes compare against its peers?

With a price increase of 23.00% in the last 7 days, Chutes (SN64) is outperforming the global cryptocurrency market which is up 9.40%, while underperforming when compared to similar Artificial Intelligence (AI) cryptocurrencies which are up 28.30%.