Almanac Crosses $100,000 in Monthly Fees, Puts All Into Buybacks and Burns

Almanac (SN41)’s first six-figure month ended with $109,440 committed entirely to token buybacks and burns. The prediction market built on Bittensor used all its October fees to purchase TAO and SN41 alpha on the open market. The acquired tokens were then permanently removed from circulation.

October was the platform’s strongest month yet. Trading volume and fee revenue each grew 32% from September, while average trade size jumped 111%. The figures show increased activity alongside larger positions.

Much of the growth came from miners testing new strategies on the Almanac terminal. It routes trades through prediction markets, where miners can earn SN41 emissions for demonstrated skill. Those rewards are alongside any profits or losses from their trades.

The expanding range of strategies has prompted Almanac to review its incentive design. The team highlighted market making as an activity that could receive better support. That work involves providing liquidity, extending the terminal’s use beyond taking positions on predicted outcomes.

Almanac charges a 1% fee on buys and no platform fee on sells. Its model links prediction market activity to Bittensor’s token economy, with trading fees funding its established burn programme. The next task is to refine rewards as miners bring more varied approaches to the platform.