ALPHARADAR · BITTENSOR INTELLIGENCE

$TAO — Morning Intelligence Report

Frozen observation
5 Oct 2026, 06:20 UTC
Publication snapshot
tao-2026-10-05-10
Source snapshot date
2026-10-05
Source timestamp
5 Oct 2026, 06:18 UTC

MORNING INTELLIGENCE

EXPLAINED REPORT

Market

At the frozen observation, $TAO price was $300.44. The recorded 24h move was -1.65%; 24h volume was $146,799,498.57.

Open Interest was $24,993,279.00. Funding was 0.01%. These are market and derivatives observations, not measures of network usage.

Network

Coverage was 13.05%, Demand 34,318.54 TAO, Emissions 262,971.49 TAO and Burns 31,915.07 TAO. Demand retains its network-economic meaning; it is not a measure of customer revenue.

A usable dated network comparison is unavailable in this publication.

Market x Network

Comparable, complete market and network evidence is unavailable for an alignment or divergence interpretation. The recorded levels remain separate observations.

Network Breadth

Comparable subnet Coverage breadth is unavailable; no participation trend is inferred.

Concentration

Complete, valid Demand concentration evidence is unavailable in this publication.

Historical Context

A valid seven-day network comparison is unavailable in this frozen publication.

Bottom Line

The frozen publication records $TAO price $300.44 and Coverage 13.05%. Available evidence does not support a combined market/network conclusion.

What to Watch

Look for complete dated Coverage, Demand and market comparisons in the next frozen observation before drawing a combined conclusion. Missing evidence remains unavailable.

Stored explanatory report · tao-2026-10-05-10 · frozen 5 Oct 2026, 06:20 UTC

EXECUTIVE SUMMARY

THE OBSERVATION

As frozen on 2026-10-05, $TAO was $300.44 (-1.65% over 24h). Network Coverage was 13.05%, with Demand 34,318.54 TAO, Emissions 262,971.49 TAO and Burns 31,915.07 TAO. These are the values recorded in this publication snapshot; unavailable metrics remain unavailable.

This page uses only the frozen snapshot for 2026-10-05. No narrative is generated when a report is opened.

MARKET

$TAO PRICE & POSITIONING

$TAO price$300.44-1.6516% / 24H
24h volume$146,799,498.57Source · CoinGecko
Open Interest$24,993,279.00N/A
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: 04 Oct 2026. This interval may be longer than one day.

MARKET · $TAO PRICEMoved lower
NETWORK · COVERAGE + DEMANDImproving

Market lower / Network improving

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

MARKET

$TAO price$305.42 → $300.44 -1.63%
24h volume$154,689,397.89 → $146,799,498.57 -5.1%
Open Interest$24,984,205.38 → $24,993,279.00 +0.04%
Funding rate0.0100% → 0.0100% 0 pp

NETWORK

Coverage12.9873% → 13.0503% +0.06 pp
Demand34,250.64 TAO → 34,318.54 TAO +0.2%
Emissions263,723.68 TAO → 262,971.49 TAO -0.29%
Burns32,258.41 TAO → 31,915.07 TAO -1.06%

NETWORK BREADTH · COUNT CHANGE

Improving+1 subnets
Worsening0 subnets
Stable-2 subnets
Excluded+1 subnets

TOP COVERAGE SUBNETS · MATCHED NETUID ONLY

SN51 lium.io55.8514% → 55.5544% -0.3 pp
SN36 Epago47.4479% → 46.9278% -0.52 pp
SN113 LongShort43.2573% → 43.4664% +0.21 pp
SN72 StreetVision by NATIX43.3043% → 43.3196% +0.02 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

Coverage13.0503%+0.072 PP / 1D
Demand34,318.54 TAO+0.2441% / 1D
Emissions262,971.49 TAO-0.3088% / 1D
Burns31,915.07 TAO-1.0156% / 1D

TOP SUBNETS BY COVERAGE

SN51 lium.io55.5544%
SN36 Epago46.9278%
SN113 LongShort43.4664%
SN72 StreetVision by NATIX43.3196%
SN116 Carbon43.2451%

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: 2026-10-05 · Report cutoff: 2026-10-05 06:20:26.963 UTC

Recorded subnet source timestamp: 2026-10-05 06:20:26.289 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

Improving14SUBNETS
Worsening16SUBNETS
Stable85SUBNETS
Excluded13SUBNETS

DEMAND CONCENTRATION

Top 129.763%
Top 550.3344%
Top 1058.2627%

EMISSION STRUCTURE

Top 213.1784%
Top 525.6005%
Top 1038.9923%

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.

$TAO PriceCoverageDemandEmissionsBurnsOpen Interest (OKX)
809010011012013014019 Sept23 Sept27 Sept01 Oct05 OctINDEX = 100117.9103.8102.696.994.492.7

Indexed independently to 100 at each metric’s first valid observation. Missing values and date gaps remain gaps.

ALPHARADAR DATASET · 17 EMBEDDED OBSERVATIONS · 19 Sept 2026 TO 05 Oct 2026. 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 decreased; network Coverage increased and Demand increased. These are separate observations from the same frozen report, not a trading signal.

DATA QUALITY

MarketComplete
FundamentalsComplete
Network qualityComplete
History at publication17 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-2026-10-05-10. 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.