Chutes, a decentralized serverless compute platform operating as Subnet 64 (SN64) within the Bittensor ($TAO) network, has confirmed that its SN64 Alpha Token will be listed on the MEXC cryptocurrency exchange. Trading begins on November 6, 2025, at 13:00 UTC, with deposits already open and trading pairs including SN64/USDT.
The listing marks a major step for Chutes, which provides a permissionless platform for deploying, scaling, and running open-source models without managing infrastructure. Designed for developers seeking low-cost, high-performance compute, Chutes allows models like DeepSeek and Mistral to run at up to 85% lower cost than traditional cloud providers.
The subnet processes trillions of tokens monthly and handles over 100 billion tokens daily, representing roughly one-third of total compute activity within the Bittensor network. Its architecture prioritizes affordability, instant access, and compatibility with decentralized systems, allowing users to host custom models or code in a streamlined environment.
The SN64 token serves as the native asset of the subnet, enabling participation across its ecosystem. As of the announcement, the token’s live price ranged between $30–36, with a 24-hour trading volume of about $1.4–1.8 million and a price correction of up to 18%, likely tied to pre-listing volatility.
To accompany the launch, MEXC announced an “Airdrop+” campaign, offering users a share of 50,000 USDT in rewards through trading and deposit activities. The promotion aims to boost liquidity and encourage broader engagement with the new listing.
Community response on X has been upbeat, with builders and traders alike noting the milestone for one of Bittensor’s most active subnets. Chutes recently surpassed $100 million in network valuation, underscoring its importance as decentralized infrastructure adoption accelerates.
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