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General Tensor Completes Backprop Finance Acquisition, Gains One-Third of Bittensor Network Trading Volume on May 15

GateNews

Partnerships & Ecosystem AI Tokens

2026-05-15 02:09:39

TNSR1.74%

TAO-0.98%

According to BlockBeats, on May 15, General Tensor completed the acquisition of Backprop Finance, a leading decentralized trading platform in the Bittensor ecosystem operated by Tensorplex Labs. Following the transaction close, General Tensor will control approximately one-third of the Bittensor network’s total trading volume. Backprop Finance primarily serves the Bittensor Dynamic TAO subnet, offering token swaps and subnet screening services.

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