ALPHARADAR · BITTENSOR INTELLIGENCE

$TAO — Morning Intelligence Report

Frozen observation
12 Oct 2026, 06:20 UTC
Publication snapshot
tao-2026-10-12-10
Source snapshot date
2026-10-12
Source timestamp
12 Oct 2026, 06:20 UTC

MORNING INTELLIGENCE

EXPLAINED REPORT

Market

At the frozen observation, $TAO price was $297.89. The recorded 24h move was +5.28%; 24h volume was $179,823,020.37.

Open Interest was $24,447,908.25 (-7.74% over 24h). Funding was 0.01%. These are market and derivatives observations, not measures of network usage.

Network

Coverage was 8.42%, Demand 21,861.67 TAO, Emissions 259,665.33 TAO and Burns 25,602.09 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 $297.89 and Coverage 8.42%. 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-2026-10-12-10 · frozen 12 Oct 2026, 06:20 UTC

EXECUTIVE SUMMARY

THE OBSERVATION

As frozen on 2026-10-12, $TAO was $297.89 (+5.28% over 24h). Network Coverage was 8.42%, with Demand 21,861.67 TAO, Emissions 259,665.33 TAO and Burns 25,602.09 TAO. These are the values recorded in this publication snapshot; unavailable metrics remain unavailable.

This page uses only the frozen snapshot for 2026-10-12. No narrative is generated when a report is opened.

MARKET

$TAO PRICE & POSITIONING

$TAO price$297.89+5.284% / 24H
24h volume$179,823,020.37Source · CoinGecko
Open Interest$24,447,908.25-7.7408% / 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: 11 Oct 2026. This interval may be longer than one day.

MARKET · $TAO PRICEMoved higher
NETWORK · COVERAGE + DEMANDImproving

Market higher / Network improving

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

MARKET

$TAO price$282.79 → $297.89 +5.34%
24h volume$118,262,189.61 → $179,823,020.37 +52.05%
Open Interest$22,951,588.66 → $24,447,908.25 +6.52%
Funding rate0.0100% → 0.0100% 0 pp

NETWORK

Coverage8.2427% → 8.4192% +0.18 pp
Demand21,448.83 TAO → 21,861.67 TAO +1.92%
Emissions260,216.93 TAO → 259,665.33 TAO -0.21%
Burns25,816.57 TAO → 25,602.09 TAO -0.83%

NETWORK BREADTH · COUNT CHANGE

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

TOP COVERAGE SUBNETS · MATCHED NETUID ONLY

SN113 Subnet 11344.0281% → 44.1811% +0.15 pp
SN116 Carbon41.3725% → 41.3389% -0.03 pp
SN59 Subnet 5941.0009% → 41.0009% 0 pp
SN39 deprecated41.0008% → 41.0008% -0 pp
SN109 Finsight41.0008% → 41.0008% +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

Coverage8.4192%+0.1751 PP / 1D
Demand21,861.67 TAO+1.9334% / 1D
Emissions259,665.33 TAO-0.1854% / 1D
Burns25,602.09 TAO-0.8222% / 1D

TOP SUBNETS BY COVERAGE

SN113 Subnet 11344.1811%
SN116 Carbon41.3389%
SN59 Subnet 5941.0009%
SN39 deprecated41.0008%
SN109 Finsight41.0008%

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: 2026-10-12 · Report cutoff: 2026-10-12 06:20:54.546 UTC

Recorded subnet source timestamp: 2026-10-12 06:20:53.651 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 112.7905%
Top 534.3589%
Top 1044.4117%

EMISSION STRUCTURE

Top 213.4792%
Top 525.4764%
Top 1038.9755%

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 Oct12 OctINDEX = 100116.9101.593.274.466.261.7

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

ALPHARADAR DATASET · 24 EMBEDDED OBSERVATIONS · 19 Sept 2026 TO 12 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 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 publication24 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-2026-10-12-10. 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.