ALPHARADAR · BITTENSOR INTELLIGENCE

$TAO — Morning Intelligence Report

Frozen observation
9 Oct 2026, 06:20 UTC
Publication snapshot
tao-2026-10-09-10
Source snapshot date
2026-10-09
Source timestamp
9 Oct 2026, 06:20 UTC

MORNING INTELLIGENCE

EXPLAINED REPORT

Market

At the frozen observation, $TAO price was $276.01. The recorded 24h move was -2.52%; 24h volume was $311,261,100.02.

Open Interest was $21,898,627.18 (-14.78% over 24h). Funding was 0.0064916%. These are market and derivatives observations, not measures of network usage.

Network

Coverage was 11.66%, Demand 30,475.85 TAO, Emissions 261,434.24 TAO and Burns 30,292.82 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 $276.01 and Coverage 11.66%. 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-2026-10-09-10 · frozen 9 Oct 2026, 06:20 UTC

EXECUTIVE SUMMARY

THE OBSERVATION

As frozen on 2026-10-09, $TAO was $276.01 (-2.52% over 24h). Network Coverage was 11.66%, with Demand 30,475.85 TAO, Emissions 261,434.24 TAO and Burns 30,292.82 TAO. These are the values recorded in this publication snapshot; unavailable metrics remain unavailable.

This page uses only the frozen snapshot for 2026-10-09. No narrative is generated when a report is opened.

MARKET

$TAO PRICE & POSITIONING

$TAO price$276.01-2.5183% / 24H
24h volume$311,261,100.02Source · CoinGecko
Open Interest$21,898,627.18-14.7776% / 24H
Funding0.0065%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: 08 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$283.65 → $276.01 -2.69%
24h volume$189,908,801.17 → $311,261,100.02 +63.9%
Open Interest$22,567,328.88 → $21,898,627.18 -2.96%
Funding rate0.0100% → 0.0065% -0 pp

NETWORK

Coverage12.5646% → 11.6572% -0.91 pp
Demand32,891.72 TAO → 30,475.85 TAO -7.34%
Emissions261,780.57 TAO → 261,434.24 TAO -0.13%
Burns30,388.42 TAO → 30,292.82 TAO -0.31%

NETWORK BREADTH · COUNT CHANGE

Improving0 subnets
Worsening+3 subnets
Stable-4 subnets
Excluded+1 subnets

TOP COVERAGE SUBNETS · MATCHED NETUID ONLY

SN51 lium.io54.9133% → 54.7685% -0.14 pp
SN36 Epago45.8205% → 45.5613% -0.26 pp
SN113 Subnet 11344.0024% → 44.0365% +0.03 pp
SN72 StreetVision by NATIX43.3489% → 43.362% +0.01 pp
SN116 Carbon41.5559% → 41.4802% -0.08 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

Coverage11.6572%-0.908 PP / 1D
Demand30,475.85 TAO-7.3514% / 1D
Emissions261,434.24 TAO-0.138% / 1D
Burns30,292.82 TAO-0.3195% / 1D

TOP SUBNETS BY COVERAGE

SN51 lium.io54.7685%
SN36 Epago45.5613%
SN113 Subnet 11344.0365%
SN72 StreetVision by NATIX43.362%
SN116 Carbon41.4802%

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: 2026-10-09 · Report cutoff: 2026-10-09 06:20:54.857 UTC

Recorded subnet source timestamp: 2026-10-09 06:20:53.945 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

Improving8SUBNETS
Worsening16SUBNETS
Stable89SUBNETS
Excluded15SUBNETS

DEMAND CONCENTRATION

Top 130.9844%
Top 549.1146%
Top 1057.7818%

EMISSION STRUCTURE

Top 213.3313%
Top 525.5283%
Top 1038.9295%

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 Oct09 OctINDEX = 100108.393.891.790.988.086.0

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

ALPHARADAR DATASET · 21 EMBEDDED OBSERVATIONS · 19 Sept 2026 TO 09 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 publication21 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-2026-10-09-10. 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.