ALPHARADAR · BITTENSOR INTELLIGENCE

$TAO — Morning Intelligence Report

Frozen observation
14 Oct 2026, 06:20 UTC
Publication snapshot
tao-2026-10-14-10
Source snapshot date
2026-10-14
Source timestamp
14 Oct 2026, 06:19 UTC

MORNING INTELLIGENCE

EXPLAINED REPORT

Market

At the frozen observation, $TAO price was $278.31. The recorded 24h move was -1.68%; 24h volume was $156,207,739.17.

Open Interest was $22,670,370.91 (-13.16% over 24h). Funding was 0.01%. These are market and derivatives observations, not measures of network usage.

Network

Coverage was 8.69%, Demand 22,533.36 TAO, Emissions 259,291.62 TAO and Burns 25,156.61 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 $278.31 and Coverage 8.69%. 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-2026-10-14-10 · frozen 14 Oct 2026, 06:20 UTC

EXECUTIVE SUMMARY

THE OBSERVATION

As frozen on 2026-10-14, $TAO was $278.31 (-1.68% over 24h). Network Coverage was 8.69%, with Demand 22,533.36 TAO, Emissions 259,291.62 TAO and Burns 25,156.61 TAO. These are the values recorded in this publication snapshot; unavailable metrics remain unavailable.

This page uses only the frozen snapshot for 2026-10-14. No narrative is generated when a report is opened.

MARKET

$TAO PRICE & POSITIONING

$TAO price$278.31-1.6822% / 24H
24h volume$156,207,739.17Source · CoinGecko
Open Interest$22,670,370.91-13.1624% / 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: 13 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$283.06 → $278.31 -1.68%
24h volume$223,100,379.69 → $156,207,739.17 -29.98%
Open Interest$22,963,309.69 → $22,670,370.91 -1.28%
Funding rate0.0100% → 0.0100% 0 pp

NETWORK

Coverage8.7422% → 8.6904% -0.05 pp
Demand22,665.83 TAO → 22,533.36 TAO -0.58%
Emissions259,269.41 TAO → 259,291.62 TAO +0.01%
Burns25,389.31 TAO → 25,156.61 TAO -0.92%

NETWORK BREADTH · COUNT CHANGE

Improving-2 subnets
Worsening+1 subnets
Stable+1 subnets
Excluded0 subnets

TOP COVERAGE SUBNETS · MATCHED NETUID ONLY

SN113 Subnet 11344.3266% → 44.4683% +0.14 pp
SN116 Carbon41.3119% → 41.2897% -0.02 pp
SN59 Subnet 5941.0009% → 41.0009% 0 pp
SN39 deprecated41.0008% → 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

Coverage8.6904%-0.0507 PP / 1D
Demand22,533.36 TAO-0.5645% / 1D
Emissions259,291.62 TAO+0.0155% / 1D
Burns25,156.61 TAO-0.9242% / 1D

TOP SUBNETS BY COVERAGE

SN113 Subnet 11344.4683%
SN116 Carbon41.2897%
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: 2026-10-14 · Report cutoff: 2026-10-14 06:20:30.321 UTC

Recorded subnet source timestamp: 2026-10-14 06:20:29.532 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
Worsening18SUBNETS
Stable88SUBNETS
Excluded14SUBNETS

DEMAND CONCENTRATION

Top 114.6055%
Top 536.02%
Top 1045.5725%

EMISSION STRUCTURE

Top 213.5555%
Top 525.3999%
Top 1038.9346%

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 Oct13 Oct14 OctINDEX = 100109.294.193.173.168.363.6

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

ALPHARADAR DATASET · 26 EMBEDDED OBSERVATIONS · 19 Sept 2026 TO 14 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 publication26 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-2026-10-14-10. 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.