ALPHARADAR · BITTENSOR INTELLIGENCE

$TAO — Morning Intelligence Report

Frozen observation
15 Oct 2026, 06:20 UTC
Publication snapshot
tao-2026-10-15-10
Source snapshot date
2026-10-15
Source timestamp
15 Oct 2026, 06:20 UTC

MORNING INTELLIGENCE

EXPLAINED REPORT

Market

At the frozen observation, $TAO price was $259.76. The recorded 24h move was -6.67%; 24h volume was $187,042,236.25.

Open Interest was $21,160,720.13 (-17.28% over 24h). Funding was 0.00184166%. These are market and derivatives observations, not measures of network usage.

Network

Coverage was 8.63%, Demand 22,384.57 TAO, Emissions 259,501.91 TAO and Burns 25,079.01 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 $259.76 and Coverage 8.63%. 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-2026-10-15-10 · frozen 15 Oct 2026, 06:20 UTC

EXECUTIVE SUMMARY

THE OBSERVATION

As frozen on 2026-10-15, $TAO was $259.76 (-6.67% over 24h). Network Coverage was 8.63%, with Demand 22,384.57 TAO, Emissions 259,501.91 TAO and Burns 25,079.01 TAO. These are the values recorded in this publication snapshot; unavailable metrics remain unavailable.

This page uses only the frozen snapshot for 2026-10-15. No narrative is generated when a report is opened.

MARKET

$TAO PRICE & POSITIONING

$TAO price$259.76-6.6739% / 24H
24h volume$187,042,236.25Source · CoinGecko
Open Interest$21,160,720.13-17.277% / 24H
Funding0.0018%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: 14 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$278.31 → $259.76 -6.67%
24h volume$156,207,739.17 → $187,042,236.25 +19.74%
Open Interest$22,670,370.91 → $21,160,720.13 -6.66%
Funding rate0.0100% → 0.0018% -0.01 pp

NETWORK

Coverage8.6904% → 8.626% -0.06 pp
Demand22,533.36 TAO → 22,384.57 TAO -0.66%
Emissions259,291.62 TAO → 259,501.91 TAO +0.08%
Burns25,156.61 TAO → 25,079.01 TAO -0.31%

NETWORK BREADTH · COUNT CHANGE

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

TOP COVERAGE SUBNETS · MATCHED NETUID ONLY

SN113 Subnet 11344.4683% → 44.608% +0.14 pp
SN116 Carbon41.2897% → 41.2725% -0.02 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

Coverage8.626%-0.0656 PP / 1D
Demand22,384.57 TAO-0.6873% / 1D
Emissions259,501.91 TAO+0.0679% / 1D
Burns25,079.01 TAO-0.3316% / 1D

TOP SUBNETS BY COVERAGE

SN113 Subnet 11344.608%
SN116 Carbon41.2725%
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: 2026-10-15 · Report cutoff: 2026-10-15 06:20:27.998 UTC

Recorded subnet source timestamp: 2026-10-15 06:20:27.047 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

Improving9SUBNETS
Worsening17SUBNETS
Stable86SUBNETS
Excluded16SUBNETS

DEMAND CONCENTRATION

Top 114.703%
Top 536.5601%
Top 1046.0693%

EMISSION STRUCTURE

Top 213.5886%
Top 525.3436%
Top 1038.8798%

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 Oct15 OctINDEX = 100102.093.287.872.967.863.2

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

ALPHARADAR DATASET · 27 EMBEDDED OBSERVATIONS · 19 Sept 2026 TO 15 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 publication27 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-2026-10-15-10. 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.