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![SiamKidd Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::215615595.png) siamkidd [@SiamKidd](/creator/twitter/SiamKidd) on x 23K followers
Created: 2025-07-01 12:03:21 UTC

You can't view subnets in terms of market cap or FDV. It's a pretty complicated reason, but am making a video to explain all this. But basically subnet tokens are priced in TAO. And XX% of subnets will operate within a band of XXXXX to XXX TAO. 

Only when TAO price goes up will all the subnet 'market caps' go up...


XX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1940018384109699140/c:line.svg)

**Related Topics**
[caps](/topic/caps)
[tao](/topic/tao)
[subnet tokens](/topic/subnet-tokens)
[market cap](/topic/market-cap)

[Post Link](https://x.com/SiamKidd/status/1940018384109699140)