The Solana Foundation and others rang a NYSE-style opening bell on Tuesday, announcing that TAO, the native token for the decentralized AI project Bittensor, is now available for trading on the blockchain, Edward Zuo of Wormhole Labs told The Block via email.
As of Tuesday, a canonical bridged version of TAO can “trade natively” on Solana, including its major DeFi platforms like Jupiter and Meteora as well as the Phantom and Solflare wallets, according to an announcement at Solana’s Accelerate USA conference.
The activation is powered by Wormhole Labs’ Sunrise platform, which acts as a “day-one asset gateway” for bridging established tokens from other chains to Solana with real liquidity, making it instantly tradable against any native asset like SOL, USDC, and JUP.
Wormhole argues assets bridged using its Native Token Transfers system are not wrapped in the traditional sense, in that tokens are locked or burned on the source chain and minted on Solana, and the tokens retain key metadata and other distinguishing features.
Further, because anyone can launch an SPL token and call it TAO or employ other wrapping methods, the announcement at Accelerate confers a greater amount of legitimacy as Sunrise’s TAO claims “canonical status.”
Solana has introduced a host of native tokens, including XRP via Hex Trust. Sunrise has also launched Solana-native versions of MEGA, HYPE, AVAX, and MON.
“Solana’s Internet Capital Markets thesis holds that all meaningful assets should be globally accessible the moment they come onchain. AI is no exception. TAO on Solana makes the category native to Solana DeFi rather than adjacent to it,” the announcement reads.
Bittensor is a protocol designed to power decentralized AI projects through a network of miners, validators and subnet networks. A fixed supply of TAO tokens is emitted and distributed based on network participation to incentivize development.
Digital Currency Group has emerged as a major backer of Bittensor, particularly through its Yuma subsidiary. Its asset management unit, Grayscale, also filed to convert its TAO trust into an ETF.
Some subnets and onlookers, however, have criticized Bittensor for “decentralized theater.“
© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
