Autonomys Network
AI3
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
Autonomys Network (AI3), formerly known as Subspace Protocol, is a Layer-1 decentralized AI stack and storage infrastructure project. The project exhibits strong technical execution with active development (8.0/10), advancing steadily through its phased roadmap (EVM execution, scalability, agent integrations, and storage products like ai3.storage) alongside audit engagements. The founding team is credible and well-funded ($32.9M led by Pantera Capital), earning a 6.5/10 in Team & Governance despite centralized operational governance. Security posture is moderate-to-good (6.5/10) with an 80.26 CertiK Skynet score and no documented exploits or regulatory actions. However, the project faces acute commercial and tokenomic headwinds (Market & Use Case: 2.5/10; Tokenomics: 5.5/10), characterized by a thin initial circulating float (~15.8%), high insider allocations (~44%), imminent large unlocks, extremely low exchange liquidity, and severe price depression (~98% drawdown). Community participation (5.5/10) has also contracted sharply from early testnet peaks to current mainnet levels. No qualifying red-flag events were established.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Autonomys Network (AI3)
Autonomys Network (formerly Subspace Protocol, trading under ticker AI3) is a Layer-1 blockchain infrastructure designed for decentralized artificial intelligence and distributed storage. Founded by Jeremiah Wagstaff and Nazar Mokrynskyi and backed by $32.9 million in funding led by Pantera Capital, the network launched its mainnet in late 2024. The architecture incorporates consensus storage, Ethereum Virtual Machine (EVM) execution domains, and storage utilities such as ai3.storage, supporting decentralized applications, storage farmers, and autonomous agent frameworks.
The AI3 token is the native utility and governance asset of the network with a fixed maximum supply of 1 billion tokens. Approximately 65% of the supply was minted at genesis, with the remaining 35% allocated to dynamic, decaying block rewards for farmers and node operators distributed over 40 years. The token functions as the medium for transaction gas fees, storage payments, staking, and protocol fee distributions. Insider allocations for the core team and private investors comprise roughly 44% of the total token distribution, with an initial circulating float of approximately 15.8%.
The project has recorded no historical smart contract exploits or regulatory enforcement actions, and its security profile includes an audit by SRLabs for Phase-2 readiness along with an 80.26 CertiK Skynet score. However, the project faces notable financial, operational, and network participation risks. The token price has experienced a drawdown of approximately 98% from its all-time high alongside low exchange liquidity, an imminent token unlock exceeding 12% of the total supply, and a sharp contraction in active node operators and pledged storage relative to early testnet participation. Furthermore, protocol governance remains centralized under Autonomys Labs without an active decentralized autonomous organization (DAO) voting structure.