ALPHARADAR · BITTENSOR INTELLIGENCE

$TAO — Morning Intelligence Report

Frozen observation
6 Oct 2026, 06:20 UTC
Publication snapshot
tao-2026-10-06-10
Source snapshot date
2026-10-06
Source timestamp
6 Oct 2026, 06:19 UTC

MORNING INTELLIGENCE

EXPLAINED REPORT

Market

At the frozen observation, $TAO price was $298.89. The recorded 24h move was -0.43%; 24h volume was $189,873,186.07.

Open Interest was $24,617,242.50. Funding was 0.01%. These are market and derivatives observations, not measures of network usage.

Network

Coverage was 12.92%, Demand 33,910.11 TAO, Emissions 262,506.35 TAO and Burns 31,468.93 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 $298.89 and Coverage 12.92%. 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-2026-10-06-10 · frozen 6 Oct 2026, 06:20 UTC

EXECUTIVE SUMMARY

THE OBSERVATION

As frozen on 2026-10-06, $TAO was $298.89 (-0.43% over 24h). Network Coverage was 12.92%, with Demand 33,910.11 TAO, Emissions 262,506.35 TAO and Burns 31,468.93 TAO. These are the values recorded in this publication snapshot; unavailable metrics remain unavailable.

This page uses only the frozen snapshot for 2026-10-06. No narrative is generated when a report is opened.

MARKET

$TAO PRICE & POSITIONING

$TAO price$298.89-0.4349% / 24H
24h volume$189,873,186.07Source · CoinGecko
Open Interest$24,617,242.50N/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: 05 Oct 2026. This interval may be longer than one day.

MARKET · $TAO PRICEMoved lower
NETWORK · COVERAGE + DEMANDWeakening

Market lower / Network weakening

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

MARKET

$TAO price$300.44 → $298.89 -0.52%
24h volume$146,799,498.57 → $189,873,186.07 +29.34%
Open Interest$24,993,279.00 → $24,617,242.50 -1.5%
Funding rate0.0100% → 0.0100% 0 pp

NETWORK

Coverage13.0503% → 12.9178% -0.13 pp
Demand34,318.54 TAO → 33,910.11 TAO -1.19%
Emissions262,971.49 TAO → 262,506.35 TAO -0.18%
Burns31,915.07 TAO → 31,468.93 TAO -1.4%

NETWORK BREADTH · COUNT CHANGE

Improving-2 subnets
Worsening0 subnets
Stable+2 subnets
Excluded0 subnets

TOP COVERAGE SUBNETS · MATCHED NETUID ONLY

SN51 lium.io55.5544% → 55.3769% -0.18 pp
SN36 Epago46.9278% → 46.4602% -0.47 pp
SN113 LongShort43.4664% → 43.6687% +0.2 pp
SN72 StreetVision by NATIX43.3196% → 43.3282% +0.01 pp
SN116 Carbon43.2451% → 41.8693% -1.38 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

Coverage12.9178%-0.1351 PP / 1D
Demand33,910.11 TAO-1.2961% / 1D
Emissions262,506.35 TAO-0.2643% / 1D
Burns31,468.93 TAO-1.5127% / 1D

TOP SUBNETS BY COVERAGE

SN51 lium.io55.3769%
SN36 Epago46.4602%
SN113 LongShort43.6687%
SN72 StreetVision by NATIX43.3282%
SN116 Carbon41.8693%

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: 2026-10-06 · Report cutoff: 2026-10-06 06:20:54.722 UTC

Recorded subnet source timestamp: 2026-10-06 06:20:54.070 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
Worsening16SUBNETS
Stable87SUBNETS
Excluded13SUBNETS

DEMAND CONCENTRATION

Top 130.0586%
Top 550.649%
Top 1058.6575%

EMISSION STRUCTURE

Top 213.2287%
Top 525.6229%
Top 1039.0096%

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 Oct06 OctINDEX = 100117.3102.2101.695.794.291.4

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

ALPHARADAR DATASET · 18 EMBEDDED OBSERVATIONS · 19 Sept 2026 TO 06 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 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 publication18 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-2026-10-06-10. 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.