ALPHARADAR · BITTENSOR INTELLIGENCE

$TAO — Morning Intelligence Report

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

MORNING INTELLIGENCE

EXPLAINED REPORT

Market

At the frozen observation, $TAO price was $280.43. The recorded 24h move was +1.72%; 24h volume was $122,475,496.79.

Open Interest was $21,868,086.62 (-14.07% over 24h). Funding was 0.01%. These are market and derivatives observations, not measures of network usage.

Network

Coverage was 8.22%, Demand 21,435.55 TAO, Emissions 260,902.67 TAO and Burns 26,053.98 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 $280.43 and Coverage 8.22%. 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-2026-10-10-10 · frozen 10 Oct 2026, 06:20 UTC

EXECUTIVE SUMMARY

THE OBSERVATION

As frozen on 2026-10-10, $TAO was $280.43 (+1.72% over 24h). Network Coverage was 8.22%, with Demand 21,435.55 TAO, Emissions 260,902.67 TAO and Burns 26,053.98 TAO. These are the values recorded in this publication snapshot; unavailable metrics remain unavailable.

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

MARKET

$TAO PRICE & POSITIONING

$TAO price$280.43+1.7249% / 24H
24h volume$122,475,496.79Source · CoinGecko
Open Interest$21,868,086.62-14.0704% / 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: 09 Oct 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$276.01 → $280.43 +1.6%
24h volume$311,261,100.02 → $122,475,496.79 -60.65%
Open Interest$21,898,627.18 → $21,868,086.62 -0.14%
Funding rate0.0065% → 0.0100% +0 pp

NETWORK

Coverage11.6572% → 8.2159% -3.44 pp
Demand30,475.85 TAO → 21,435.55 TAO -29.66%
Emissions261,434.24 TAO → 260,902.67 TAO -0.2%
Burns30,292.82 TAO → 26,053.98 TAO -13.99%

NETWORK BREADTH · COUNT CHANGE

Improving0 subnets
Worsening+1 subnets
Stable-1 subnets
Excluded0 subnets

TOP COVERAGE SUBNETS · MATCHED NETUID ONLY

SN113 Subnet 11344.0365% → 44.0393% +0 pp
SN72 StreetVision by NATIX43.362% → 43.3744% +0.01 pp
SN116 Carbon41.4802% → 41.419% -0.06 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

Coverage8.2159%-3.4441 PP / 1D
Demand21,435.55 TAO-29.6166% / 1D
Emissions260,902.67 TAO-0.1186% / 1D
Burns26,053.98 TAO-13.939% / 1D

TOP SUBNETS BY COVERAGE

SN113 Subnet 11344.0393%
SN72 StreetVision by NATIX43.3744%
SN116 Carbon41.419%
SN59 Subnet 5941.0009%
SN39 deprecated41.0008%

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: 2026-10-10 · Report cutoff: 2026-10-10 06:20:52.247 UTC

Recorded subnet source timestamp: 2026-10-10 06:20:51.576 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
Worsening17SUBNETS
Stable88SUBNETS
Excluded15SUBNETS

DEMAND CONCENTRATION

Top 112.8263%
Top 533.6818%
Top 1044.0154%

EMISSION STRUCTURE

Top 213.3903%
Top 525.5051%
Top 1038.9196%

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)
40608010012014019 Sept23 Sept27 Sept01 Oct05 Oct09 Oct10 OctINDEX = 100110.193.790.875.764.660.5

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

ALPHARADAR DATASET · 22 EMBEDDED OBSERVATIONS · 19 Sept 2026 TO 10 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 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 publication22 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-2026-10-10-10. 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.