ALPHARADAR · BITTENSOR INTELLIGENCE

$TAO — Morning Intelligence Report

Frozen observation
16 Oct 2026, 06:20 UTC
Publication snapshot
tao-2026-10-16-10
Source snapshot date
2026-10-16
Source timestamp
16 Oct 2026, 06:20 UTC

MORNING INTELLIGENCE

EXPLAINED REPORT

Market

At the frozen observation, $TAO price was $286.48. The recorded 24h move was +10.23%; 24h volume was $192,436,613.40.

Open Interest was $23,849,120.72 (+0.93% over 24h). Funding was 0.01%. These are market and derivatives observations, not measures of network usage.

Network

Coverage was 8.67%, Demand 22,518.94 TAO, Emissions 259,835.89 TAO and Burns 25,127.91 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 $286.48 and Coverage 8.67%. 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-2026-10-16-10 · frozen 16 Oct 2026, 06:20 UTC

EXECUTIVE SUMMARY

THE OBSERVATION

As frozen on 2026-10-16, $TAO was $286.48 (+10.23% over 24h). Network Coverage was 8.67%, with Demand 22,518.94 TAO, Emissions 259,835.89 TAO and Burns 25,127.91 TAO. These are the values recorded in this publication snapshot; unavailable metrics remain unavailable.

This page uses only the frozen snapshot for 2026-10-16. No narrative is generated when a report is opened.

MARKET

$TAO PRICE & POSITIONING

$TAO price$286.48+10.2317% / 24H
24h volume$192,436,613.40Source · CoinGecko
Open Interest$23,849,120.72+0.9299% / 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: 15 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$259.76 → $286.48 +10.29%
24h volume$187,042,236.25 → $192,436,613.40 +2.88%
Open Interest$21,160,720.13 → $23,849,120.72 +12.7%
Funding rate0.0018% → 0.0100% +0.01 pp

NETWORK

Coverage8.626% → 8.6666% +0.04 pp
Demand22,384.57 TAO → 22,518.94 TAO +0.6%
Emissions259,501.91 TAO → 259,835.89 TAO +0.13%
Burns25,079.01 TAO → 25,127.91 TAO +0.19%

NETWORK BREADTH · COUNT CHANGE

Improving+3 subnets
Worsening-2 subnets
Stable-1 subnets
Excluded0 subnets

TOP COVERAGE SUBNETS · MATCHED NETUID ONLY

SN113 Subnet 11344.608% → 44.744% +0.14 pp
SN116 Carbon41.2725% → 41.8281% +0.56 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

Coverage8.6666%+0.0403 PP / 1D
Demand22,518.94 TAO+0.6532% / 1D
Emissions259,835.89 TAO+0.1858% / 1D
Burns25,127.91 TAO+0.2411% / 1D

TOP SUBNETS BY COVERAGE

SN113 Subnet 11344.744%
SN116 Carbon41.8281%
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: 2026-10-16 · Report cutoff: 2026-10-16 06:20:24.847 UTC

Recorded subnet source timestamp: 2026-10-16 06:20:23.869 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

Improving12SUBNETS
Worsening15SUBNETS
Stable85SUBNETS
Excluded16SUBNETS

DEMAND CONCENTRATION

Top 114.6059%
Top 536.7256%
Top 1046.0538%

EMISSION STRUCTURE

Top 213.6094%
Top 525.2707%
Top 1038.7989%

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 Oct16 OctINDEX = 100112.599.093.373.068.163.6

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

ALPHARADAR DATASET · 28 EMBEDDED OBSERVATIONS · 19 Sept 2026 TO 16 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 publication28 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-2026-10-16-10. 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.