ALPHARADAR · BITTENSOR INTELLIGENCE

$TAO — Morning Intelligence Report

Frozen observation
25 Sept 2026, 06:20 UTC
Publication snapshot
tao-2026-09-25-10
Source snapshot date
2026-09-25
Source timestamp
25 Sept 2026, 06:18 UTC

EXECUTIVE SUMMARY

THE OBSERVATION

Original stored publication text · legacy frozen snapshot

  1. AlphaRadar - $TAO / Bittensor Intelligence Report Report generated: 25 Sept 2026, 06:20 UTC Price moves. Data explains. $TAO $298.51 | 24h +3.15% | Vol $326.18M | Funding +0.01% | OI $24.31M
  2. What's happening under the hood of Bittensor? Coverage 12.35% | Demand 33,605.86 $TAO | Emissions 272,118.43 $TAO | Burns 32,727.45 $TAO Current state is measured separately from trend.
  3. Network breadth: 128 tracked subnets. Coverage: 42 >=25% | 1 >=50% | 0 >=75%. Top 1 demand 23.2% | Top 5 45.27% | Top 10 54.81%
  4. Price vs Network Reality AlphaRadar has 7 valid daily observations. Current network metrics are measured against that recorded history.
  5. In one sentence $TAO is +3.15% over 24h. | OI is -7.35%. | Fundamental trend is evaluated from recorded history. AlphaRadar

This page uses only the frozen snapshot for 2026-09-25. No narrative is generated when a report is opened.

MARKET

$TAO PRICE & POSITIONING

$TAO price$298.51+3.1475% / 24H
24h volume$326,180,207.69Source · CoinGecko
Open Interest$24,305,973.21-7.3533% / 24H
Funding0.01%PERPETUAL MARKETS

Spot source: CoinGecko · derivatives source: Binance USD-M Futures public API with Bybit V5 public API fallback with OKX V5 public API fallback. Each source retains its own recorded timestamp and availability.

SINCE PREVIOUS OBSERVATION

MARKET × NETWORK

Compared only with the previous eligible frozen report: 24 Sept 2026. This interval may be longer than one day.

MARKET · $TAO PRICEMoved higher
NETWORK · COVERAGE + DEMANDWeakening

Market higher / Network weakening

$TAO moved higher while Coverage and Demand both decreased since the previous frozen report. This describes co-movement only and does not imply causation.

MARKET

$TAO price$289.10 → $298.51 +3.25%
24h volume$351,426,269.07 → $326,180,207.69 -7.18%
Open Interest$24,087,577.83 → $24,305,973.21 +0.91%
Funding rate0.0100% → 0.0100% 0 pp

NETWORK

Coverage12.5198% → 12.3497% -0.17 pp
Demand34,199.81 TAO → 33,605.86 TAO -1.74%
Emissions273,166.8 TAO → 272,118.43 TAO -0.38%
Burns33,109.53 TAO → 32,727.45 TAO -1.15%

NETWORK BREADTH · COUNT CHANGE

Improving0 subnets
Worsening0 subnets
Stable0 subnets
Excluded0 subnets

TOP COVERAGE SUBNETS · MATCHED NETUID ONLY

SN36 Epago56.1721% → 54.4752% -1.7 pp
SN51 lium.io44.6459% → 44.5044% -0.14 pp
SN113 LongShort43.3525% → 43.3412% -0.01 pp
SN109 Finsight42.1252% → 42.1274% +0 pp

Descriptive comparison, not a prediction or trading signal. Emissions, Burns and breadth are shown separately and do not determine network direction.

View this date in the divergence history →

NETWORK

BITTENSOR FUNDAMENTALS

Coverage12.3497%-0.0822 PP / 1D
Demand33,605.86 TAO-1.0216% / 1D
Emissions272,118.43 TAO-0.3676% / 1D
Burns32,727.45 TAO-1.1515% / 1D

TOP SUBNETS BY COVERAGE

SN36 Epago54.4752%
SN72 StreetVision by NATIX45.5412%
SN51 lium.io44.5044%
SN113 LongShort43.3412%
SN109 Finsight42.1274%

FROZEN SUBNET ECONOMICS

SUBNET CHANGE HEATMAP

Top 10 by absolute daily change. Tiles have equal size; color and signed values show direction. These are changes in rolling 30-day metrics, not 24-hour transaction flows.

Observation: 2026-09-25 · Report cutoff: 2026-09-25 06:20:38.484 UTC

Recorded subnet source timestamp: 2026-09-25 06:20:38.132 UTC

Comparison: 1 day · 7-day and 30-day changes: N/A

Comparable frozen subnet observations are unavailable. No live values are substituted.

NETWORK PULSE

BREADTH & CONCENTRATION

Improving12SUBNETS
Worsening21SUBNETS
Stable84SUBNETS
Excluded11SUBNETS

DEMAND CONCENTRATION

Top 123.2007%
Top 545.2694%
Top 1054.8141%

EMISSION STRUCTURE

Top 212.622%
Top 525.3831%
Top 1039.0455%

128 of 128 subnets have valid emissions.

HISTORICAL MARKET × NETWORK

PRICE TELLS ONLY HALF THE STORY

A historical chart is shown only when its complete observation series was embedded in this exact frozen snapshot. No other publication is used to reconstruct a past chart.

Historical chart unavailable: This frozen snapshot did not embed its historical series, so no chart is reconstructed. No later data is shown.

ALPHARADAR DATASET · NO HISTORICAL SERIES EMBEDDED. Missing dates and null values remain gaps; no later snapshot is used.

INTELLIGENCE

MARKET & NETWORK CONTEXT

Over the recorded 24-hour market window, $TAO price increased; network Coverage decreased and Demand decreased. These are separate observations from the same frozen report, not a trading signal.

DATA QUALITY

MarketComplete
FundamentalsComplete
Network qualityComplete
History at publication7 days

PROVENANCE

SpotCoinGecko
NetworkTaoRevenue public structured data
DerivativesBinance USD-M Futures public API with Bybit V5 public API fallback with OKX V5 public API fallback
Collectorhealthy

DATA YOU CAN TRACE

MISSING MEANS MISSING.

All factual values above come from tao-2026-09-25-10. The archive does not replace null or unavailable values with zero, and a report date never falls back to the latest snapshot.

Real Economy analytics remain IN DEVELOPMENT; experimental Phase 8 observations are not included.