{
  "generated_at_sgt": "2026-11-02T03:22:24.043285+08:00",
  "network_research_cutoff_sgt": "2026-11-02T02:44:13+08:00",
  "network_sources": {
    "explorer": "https://explorer.mlx.app/",
    "snapshot_stats": "https://explorer.mlx.app/api/stats",
    "snapshot_world": "https://explorer.mlx.app/api/world/network",
    "dedicated_seats": "https://explorer.mlx.app/api/nodes?limit=200&sort=old",
    "device_history": "https://explorer.mlx.app/api/txs?type=device&status=success&period=all&sort=old&limit=200",
    "activity_history": "https://explorer.mlx.app/api/world/series",
    "genesis": "https://explorer.mlx.app/api/block/0",
    "world_definitions": "https://docs.mlx.app/network/world",
    "seat_definitions": "https://docs.mlx.app/network/stats",
    "device_semantics": "https://docs.mlx.app/transactions/types",
    "device_identity_limitations": "https://docs.mlx.app/resources/fair-use",
    "compute_coefficients": "https://explorer.mlx.app/_next/static/chunks/1968-de12d605c50d7c66.js",
    "genesis_block": "https://explorer.mlx.app/api/block/0",
    "all_hourly_rewards": "https://explorer.mlx.app/api/compute?format=json",
    "completed_work": "https://explorer.mlx.app/api/compute/work",
    "compute_definitions": "https://docs.mlx.app/network/compute",
    "world_history_limits": "https://docs.mlx.app/network/world",
    "reward_rules": "https://docs.mlx.app/protocol/rewards"
  },
  "network_research_snapshot": {
    "timestamp_ms": 1793558652008,
    "timestamp_sgt": "2026-11-02T02:44:12.008000+08:00",
    "compute_work_timestamp_ms": 1793558653481,
    "compute_work_timestamp_sgt": "2026-11-02T02:44:13.481000+08:00",
    "ledger_head": 788,
    "ledger_timestamp_sgt": "2026-11-02T02:35:53.102000+08:00",
    "explorer_pledged_tflops": 252.3,
    "dedicated_seat_estimated_tflops": 54.4,
    "free_seat_estimated_tflops": 197.9,
    "total_seats": 70,
    "dedicated_seats": 18,
    "free_seats": 52,
    "macs_seen_in_last_week": 64,
    "laptop_entries_seen_in_last_week": 45,
    "desktop_entries_seen_in_last_week": 19,
    "online_macs": 15,
    "working_macs": 14,
    "reported_tokens_per_second": 480,
    "countries": 32,
    "cities": 53,
    "reported_memory_gb_recent_macs": 2084,
    "linked_device_keys": 81,
    "ever_linked_device_keys": 83,
    "estimated_registered_tflops": 309.9,
    "classified_device_keys": 79,
    "unclassified_device_keys": 2,
    "registered_memory_gb": 2840,
    "device_types": {
      "mac-mini": 17,
      "macbook-pro": 20,
      "macbook-air": 23,
      "mac-studio": 2,
      "macbook": 2
    },
    "reported_activity": {
      "working": 14,
      "paused": 1,
      "offline": 49
    },
    "paid_tokens_in_reported_window": 0,
    "paid_requests_in_reported_window": 0,
    "customer_spend_usd_in_reported_window": 0,
    "finished_job_tokens_in_reported_window": 177220251,
    "mining_rewards_mlx": 1110.613036
  },
  "comparison_references": [
    {
      "id": 1,
      "title": "MLX token: price and supply",
      "url": "https://mlx.app/token",
      "type": "Project-reported token data"
    },
    {
      "id": 2,
      "title": "Pearl Research market data",
      "url": "https://www.coingecko.com/en/coins/pearl-research",
      "type": "Market aggregator"
    },
    {
      "id": 3,
      "title": "Bittensor market data",
      "url": "https://www.coingecko.com/en/coins/bittensor",
      "type": "Market aggregator"
    },
    {
      "id": 4,
      "title": "MLX product and applications",
      "url": "https://mlx.app/",
      "type": "Project documentation"
    },
    {
      "id": 5,
      "title": "MLX reserve disclosures",
      "url": "https://mlx.app/reserves",
      "type": "Project disclosures"
    },
    {
      "id": 6,
      "title": "EXO source code and setup",
      "url": "https://github.com/exo-explore/exo",
      "type": "Project source code and documentation"
    },
    {
      "id": 7,
      "title": "Darkbloom architecture and trust boundaries",
      "url": "https://www.darkbloom.ai/about",
      "type": "Project documentation"
    },
    {
      "id": 8,
      "title": "Darkbloom documentation and development status",
      "url": "https://docs.darkbloom.dev/introduction",
      "type": "Project documentation"
    },
    {
      "id": 9,
      "title": "Pearl Research inference services",
      "url": "https://pearlresearch.ai/",
      "type": "Project documentation"
    },
    {
      "id": 10,
      "title": "Together AI and Pearl Research partnership",
      "url": "https://www.together.ai/blog/together-ai-partners-with-pearl-research-labs",
      "type": "Partner announcement"
    },
    {
      "id": 11,
      "title": "Bittensor network documentation",
      "url": "https://www.bittensor.com/docs",
      "type": "Project documentation"
    },
    {
      "id": 12,
      "title": "Apple Minions: official research publication",
      "url": "https://machinelearning.apple.com/research/distributed-gpu-cloud",
      "type": "Apple research publication"
    },
    {
      "id": 13,
      "title": "Minions paper: architecture, operational results and limitations",
      "url": "https://arxiv.org/html/2610.12970v1",
      "type": "Primary research paper; submitted 9 October 2026"
    },
    {
      "id": 14,
      "title": "MLX Compute API: current pilot scope",
      "url": "https://docs.mlx.app/compute/overview",
      "type": "Project documentation"
    },
    {
      "id": 15,
      "title": "MLX Compute API: routing, verification, payment and privacy",
      "url": "https://docs.mlx.app/compute/how-jobs-run",
      "type": "Project documentation"
    },
    {
      "id": 16,
      "title": "MLX job protocol: central coordination and verification limits",
      "url": "https://docs.mlx.app/protocol/jobs",
      "type": "Project documentation"
    },
    {
      "id": 17,
      "title": "MLX public compute-work counter",
      "url": "https://mlx.app/api/compute/work",
      "type": "Public work-counter API; the current observation is under network_research_snapshot"
    },
    {
      "id": 18,
      "title": "MLX Compute API: model and request limits",
      "url": "https://docs.mlx.app/compute/chat-completions",
      "type": "Project documentation"
    },
    {
      "id": 19,
      "title": "MLX Network and Apple MLX: affiliation and runtime",
      "url": "https://mlx.app/learn/mlx-network-vs-apple-mlx",
      "type": "Project affiliation disclosure"
    },
    {
      "id": 20,
      "title": "Explicit USD token market API",
      "url": "https://api.coingecko.com/api/v3/coins/markets?vs_currency=usd&ids=pearl-2%2Cbittensor",
      "type": "Dated market observation; timestamps are under market_observations"
    },
    {
      "id": 21,
      "title": "Paid network model catalogue",
      "url": "https://mlx.app/api/v1/models",
      "type": "Public API specification"
    }
  ],
  "comparison_reviewed_on": "2026-11-02",
  "market_observations": {
    "currency": "USD",
    "methodology": "Dated observation. Market capitalization is source-reported; FDV is calculated consistently as the displayed reference price multiplied by maximum supply. Different source fields may update separately and reference prices are rounded. The page live-refresh feature updates network telemetry, not these market cards.",
    "mlx": {
      "name": "MLX",
      "symbol": "MLX",
      "source_url": "https://mlx.app/token",
      "source_type": "Issuer-reported protocol curve",
      "retrieved_at": "2026-11-01T19:04:21.217287+00:00",
      "price": 0.01001,
      "market_cap": 20481,
      "circulating_supply_rounded": 2000000,
      "max_supply": 10000000000,
      "displayed_float_pct": 0.02,
      "calculated_fdv": 100100000,
      "sell_liquidity_usd_reported": 23788,
      "spot_buy_price_displayed": 0.01031,
      "spot_sell_price_displayed": 0.008007,
      "buy_premium": 0.03,
      "sell_discount": 0.2,
      "independent_reserve_verification": "not established"
    },
    "external_market": {
      "source_url": "https://api.coingecko.com/api/v3/coins/markets?vs_currency=usd&ids=pearl-2%2Cbittensor",
      "retrieved_at": "2026-11-01T19:03:57.361927+00:00",
      "data": [
        {
          "id": "bittensor",
          "name": "Bittensor",
          "symbol": "tao",
          "current_price": 232.31,
          "market_cap": 2715817352,
          "circulating_supply": 11681794.30756341,
          "max_supply": 21000000.0,
          "fully_diluted_valuation": 2715817352,
          "last_updated": "2026-11-01T19:02:58.000Z",
          "calculated_fdv": 4878510000.0,
          "float_pct": 55.627591940778146
        },
        {
          "id": "pearl-2",
          "name": "Pearl",
          "symbol": "pearl",
          "current_price": 1.52,
          "market_cap": 554319789,
          "circulating_supply": 365354722.8199975,
          "max_supply": 2100000000.0,
          "fully_diluted_valuation": 3186140712,
          "last_updated": "2026-11-01T19:02:58.000Z",
          "calculated_fdv": 3192000000.0,
          "float_pct": 17.397843943809406
        }
      ]
    }
  },
  "historical_comparison_manifest": {
    "retrieved_at": "2026-10-30T11:33:00+08:00",
    "timezone": "Asia/Singapore",
    "currency": "USD",
    "sources": [
      {
        "id": 1,
        "title": "MLX token: price and supply",
        "url": "https://mlx.app/token",
        "type": "Project-reported token data"
      },
      {
        "id": 2,
        "title": "Pearl Research market data",
        "url": "https://www.coingecko.com/en/coins/pearl-research",
        "type": "Market aggregator"
      },
      {
        "id": 3,
        "title": "Bittensor market data",
        "url": "https://www.coingecko.com/en/coins/bittensor",
        "type": "Market aggregator"
      },
      {
        "id": 4,
        "title": "MLX product and applications",
        "url": "https://mlx.app/",
        "type": "Project documentation"
      },
      {
        "id": 5,
        "title": "MLX reserve disclosures",
        "url": "https://mlx.app/reserves",
        "type": "Project disclosures"
      },
      {
        "id": 6,
        "title": "EXO source code and setup",
        "url": "https://github.com/exo-explore/exo",
        "type": "Project source code and documentation"
      },
      {
        "id": 7,
        "title": "Darkbloom architecture and trust boundaries",
        "url": "https://www.darkbloom.ai/about",
        "type": "Project documentation"
      },
      {
        "id": 8,
        "title": "Darkbloom documentation and development status",
        "url": "https://docs.darkbloom.dev/introduction",
        "type": "Project documentation"
      },
      {
        "id": 9,
        "title": "Pearl Research inference services",
        "url": "https://pearlresearch.ai/",
        "type": "Project documentation"
      },
      {
        "id": 10,
        "title": "Together AI and Pearl Research partnership",
        "url": "https://www.together.ai/blog/together-ai-partners-with-pearl-research-labs",
        "type": "Partner announcement"
      },
      {
        "id": 11,
        "title": "Bittensor network documentation",
        "url": "https://www.bittensor.com/docs",
        "type": "Project documentation"
      },
      {
        "id": 12,
        "title": "Apple Minions: official research publication",
        "url": "https://machinelearning.apple.com/research/distributed-gpu-cloud",
        "type": "Apple research publication",
        "checked_on": "2026-10-31",
        "timezone": "Asia/Singapore"
      },
      {
        "id": 13,
        "title": "Minions paper: architecture, operational results and limitations",
        "url": "https://arxiv.org/html/2610.12970v1",
        "type": "Primary research paper; submitted 9 October 2026",
        "checked_on": "2026-10-31",
        "timezone": "Asia/Singapore"
      },
      {
        "id": 14,
        "title": "MLX Compute API: current pilot scope",
        "url": "https://docs.mlx.app/compute/overview",
        "type": "Project documentation",
        "checked_on": "2026-10-31",
        "timezone": "Asia/Singapore"
      },
      {
        "id": 15,
        "title": "MLX Compute API: routing, verification, payment and privacy",
        "url": "https://docs.mlx.app/compute/how-jobs-run",
        "type": "Project documentation",
        "checked_on": "2026-10-31",
        "timezone": "Asia/Singapore"
      },
      {
        "id": 16,
        "title": "MLX job protocol: central coordination and verification limits",
        "url": "https://docs.mlx.app/protocol/jobs",
        "type": "Project documentation",
        "checked_on": "2026-10-31",
        "timezone": "Asia/Singapore"
      },
      {
        "id": 17,
        "title": "MLX public compute-work counter",
        "url": "https://mlx.app/api/compute/work",
        "type": "Project-reported counter; snapshot timestamp 31 October 2026, 03:55:22 SGT",
        "checked_on": "2026-10-31",
        "timezone": "Asia/Singapore"
      },
      {
        "id": 18,
        "title": "MLX Compute API: model and request limits",
        "url": "https://docs.mlx.app/compute/chat-completions",
        "type": "Project documentation",
        "checked_on": "2026-10-31",
        "timezone": "Asia/Singapore"
      },
      {
        "id": 19,
        "title": "MLX Network and Apple MLX: affiliation and runtime",
        "url": "https://mlx.app/learn/mlx-network-vs-apple-mlx",
        "type": "Project affiliation disclosure",
        "checked_on": "2026-10-31",
        "timezone": "Asia/Singapore"
      }
    ],
    "market_inputs": {
      "mlx": {
        "price": 0.01001,
        "market_cap": 14849,
        "circulating": 1500000,
        "circulating_is_rounded": true,
        "maximum": 10000000000,
        "fdv": 100100000,
        "price_basis": "Protocol curve reference price; issuer-reported capitalization",
        "source_id": 1
      },
      "pearl": {
        "price": 1.54,
        "market_cap": 559542921,
        "circulating": 362527000,
        "maximum": 2100000000,
        "fdv": 3234000000,
        "price_basis": "Aggregated market price",
        "source_id": 2
      },
      "tao": {
        "price": 233.2,
        "market_cap": 2721897456,
        "circulating": 11672000,
        "maximum": 21000000,
        "fdv": 4897200000,
        "price_basis": "Aggregated market price",
        "source_id": 3
      }
    },
    "methodology": {
      "circulating_market_cap": "Source-reported USD capitalization. Values are rounded in the presentation.",
      "fdv": "Displayed reference price multiplied by maximum supply, consistently across all tokens.",
      "supply_share": "Circulating supply divided by maximum supply. MLX circulating supply is rounded by its source.",
      "timing": "Static source observations retrieved on 30 October 2026. Source panels may update independently; this is not a live feed.",
      "tao_usd_source": "USD price and capitalization from the source page's USD summary paragraph. The page also served EUR-formatted headline statistics; those were not used.",
      "mlx_price_basis": "MLX's protocol curve price is not exchange price discovery. Its reported capitalization and implied FDV are not available trading liquidity.",
      "comparison_update": "Added Apple Minions using primary Apple/arXiv sources and current MLX docs on 31 October 2026; original market inputs remain their 30 October snapshot."
    },
    "comparison_updated_at": "2026-10-31",
    "apple_minions": {
      "publication_date": "2026-10-09",
      "paper_version": "2610.12970v1",
      "category": "Technical architecture comparable; Apple research system",
      "reported_workloads": [
        "Embedding generation",
        "LLM completions"
      ],
      "reported_runtimes": [
        "Hugging Face transformers",
        "Ollama"
      ],
      "coordination": "Central Minion Server, PostgreSQL task ownership, S3 storage; workers pull jobs",
      "operational_result": "Some prior GPU queues exceeded ten hours; tasks often start within minutes with Minions",
      "undisclosed_in_paper": [
        "Fleet size",
        "Throughput benchmark",
        "Full unit economics",
        "Public commercial pricing",
        "Token or mining design"
      ],
      "source_ids": [
        12,
        13
      ]
    },
    "mlx_paid_snapshot": {
      "endpoint_at": 1793390122842,
      "timestamp_sgt": "2026-10-31T03:55:22+08:00",
      "paid_tokens_7d": 0,
      "api_requests_in_displayed_window": 0,
      "api_usd_in_displayed_window": 0,
      "verification_tokens_7d": 118492092,
      "status": "Project-reported, unaudited snapshot; not a live feed",
      "source_id": 17
    }
  },
  "historical_manifest_notice": "The historical manifest is provenance from the previous publication, not the current metric or market snapshot."
}