Bitcoin's market capitalization increased to $1.63 trillion as of April 11, 2025, reflecting a 32.5% rise since the activation of Taproot Wizards on November 14, 2021, when it was valued at $1.23 trillion. Meanwhile, the market capitalization of the TAO subnet has seen a dramatic surge, rising from $50 million just weeks ago to $250 million two days prior to April 11, 2025. Each 5% of circulating $TAO currently represents $100 million, indicating a market characterized by thin liquidity. Investors are optimistic about the potential for $dTAO to reach 10.0, which some consider a bullish target, while others are engaging in farming activities that yield four-digit annual percentage rates (APRs) in the context of securing on-chain machine intelligence.