FlameWire
SN97
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
SN97 (FlameWire) is a Bittensor Subnet 97 project focused on decentralized RPC, node, and API services operated by unitone-labs. The project demonstrates moderate development activity (Score: 6.0/10), evidenced by a recent mining restart on 2026-02-23 and an MCP integration shipped in March 2026, though operational stability remains unproven over longer horizons. Significant concerns arise across Tokenomics (3.5/10), Market and Use Case (3.5/10), and Team & Governance (3.5/10), driven by an anonymous team, centralized subnet owner governance, severe lack of supply and allocation disclosures, an ~87% drawdown from highs, and existential subnet deregistration tail risks. Two notable data gaps exist: Community Support and Security and Audit History both lacked sufficient verifiable token-specific records and scored -1.0, which were excluded and their weights redistributed proportionally. The resulting weighted average score is 4.2/10.
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 FlameWire (SN97)
SN97 (FlameWire) is a decentralized infrastructure project operating as Subnet 97 on the Bittensor network. Developed and maintained by unitone-labs, the subnet is designed to provide decentralized Remote Procedure Call (RPC), node, and API services across multiple blockchains. The protocol functions within the Bittensor ecosystem utilizing dynamic emissions alongside an estimated token burn mechanism ranging between 20.48% and 21.79%.
Development activity on the subnet is managed via GitHub by unitone-labs. In early 2026, the project underwent a deliberate operational pause before resuming mining operations on February 23, 2026, followed by the deployment of a Model Context Protocol (MCP) integration in March 2026. However, public disclosures regarding the asset's broader tokenomics remain limited, with specific figures for circulating supply, total supply, vesting schedules, and allocation remaining unverified.
The project faces notable operational, market, and structural risks. SN97 has experienced a severe market drawdown of approximately 87% from its 52-week high of $46.46, accompanied by fragmented trading volume and an 'E-' rating from Weiss. In addition, the project carries tail risks associated with potential subnet deregistration on the Bittensor network. Governance is centralized under the subnet owner without documented decentralized autonomous organization (DAO) structures, the development team remains fully anonymous, and the protocol lacks completed third-party security audits.