Bubble
Numeraire NMR
Numeraire (NMR) was trading at $8.73, ranked #388 by market cap at $60.53M, with 24h volume of $3.88M.
Data snapshot: 2026-09-02 12:15 UTC.
Numerai is a hedge fund that crowdsources its models: data scientists receive obfuscated market data, submit predictions, and stake NMR on them — earning if the model performs and losing the stake if it does not. That staking requirement is the whole mechanism, forcing entrants to have conviction rather than flooding the fund with cheap guesses. Numerai runs a hedge fund on models submitted by anonymous data scientists who never see the raw data — it is obfuscated before release — and who stake NMR on their own predictions, losing the stake if the model performs badly. That staking mechanism is the interesting part: it forces contributors to have skin in the game rather than submitting free guesses. It is one of the older crypto-AI projects and one of the few with an actual operating business behind it. On this map NMR is a small-cap in the AI group.
How does Numerai work?
Data scientists build models on obfuscated data and stake NMR on their predictions. Good predictions earn rewards; poor ones lose the stake. The combined models drive a hedge fund.
Why obfuscate the data?
So contributors cannot identify the underlying assets or reverse-engineer the fund's positions while still being able to model the patterns.
What does staking achieve?
It forces contributors to bear the cost of bad predictions, which filters out low-effort submissions in a way an open competition without stakes does not.
How is it different from other AI tokens?
It has an operating business — a hedge fund — behind it, rather than being a governance claim on a network under construction.
Market cap decides how big a bubble is drawn, so rank is what places NMR on the map relative to the rest of its sector.
| Rank | Coin | Market cap |
|---|---|---|
| #34 | Bittensor (TAO) | $2.21B |
| #84 | Venice Token (VVV) | $754.88M |
| #328 | Arkham (ARKM) | $74.37M |
| #334 | KAITO (KAITO) | $72.65M |
| #388 | Numeraire (NMR) | $60.53M |