ALPHARADAR · BITTENSOR INTELLIGENCE

$TAO — Morning Intelligence Report

Frozen observation
17 Oct 2026, 06:21 UTC
Publication snapshot
tao-2026-10-17-10
Source snapshot date
2026-10-17
Source timestamp
17 Oct 2026, 06:20 UTC

MORNING INTELLIGENCE

EXPLAINED REPORT

Market

At the frozen observation, $TAO price was $275.69. The recorded 24h move was -3.80%; 24h volume was $174,713,244.94.

Open Interest was $22,446,454.21 (-15.25% over 24h). Funding was 0.01%. These are market and derivatives observations, not measures of network usage.

Network

Coverage was 8.61%, Demand 22,408.1 TAO, Emissions 260,131.27 TAO and Burns 25,167.36 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 $275.69 and Coverage 8.61%. 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-2026-10-17-10 · frozen 17 Oct 2026, 06:21 UTC

EXECUTIVE SUMMARY

THE OBSERVATION

As frozen on 2026-10-17, $TAO was $275.69 (-3.8% over 24h). Network Coverage was 8.61%, with Demand 22,408.1 TAO, Emissions 260,131.27 TAO and Burns 25,167.36 TAO. These are the values recorded in this publication snapshot; unavailable metrics remain unavailable.

This page uses only the frozen snapshot for 2026-10-17. No narrative is generated when a report is opened.

MARKET

$TAO PRICE & POSITIONING

$TAO price$275.69-3.8044% / 24H
24h volume$174,713,244.94Source · CoinGecko
Open Interest$22,446,454.21-15.2472% / 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: 16 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$286.48 → $275.69 -3.77%
24h volume$192,436,613.40 → $174,713,244.94 -9.21%
Open Interest$23,849,120.72 → $22,446,454.21 -5.88%
Funding rate0.0100% → 0.0100% 0 pp

NETWORK

Coverage8.6666% → 8.6142% -0.05 pp
Demand22,518.94 TAO → 22,408.1 TAO -0.49%
Emissions259,835.89 TAO → 260,131.27 TAO +0.11%
Burns25,127.91 TAO → 25,167.36 TAO +0.16%

NETWORK BREADTH · COUNT CHANGE

Improving+2 subnets
Worsening0 subnets
Stable-2 subnets
Excluded0 subnets

TOP COVERAGE SUBNETS · MATCHED NETUID ONLY

SN113 Subnet 11344.744% → 44.8732% +0.13 pp
SN116 Carbon41.8281% → 42.0821% +0.25 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

Coverage8.6142%-0.0569 PP / 1D
Demand22,408.1 TAO-0.5478% / 1D
Emissions260,131.27 TAO+0.1095% / 1D
Burns25,167.36 TAO+0.1513% / 1D

TOP SUBNETS BY COVERAGE

SN113 Subnet 11344.8732%
SN116 Carbon42.0821%
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: 2026-10-17 · Report cutoff: 2026-10-17 06:21:13.141 UTC

Recorded subnet source timestamp: 2026-10-17 06:21:12.320 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

Improving14SUBNETS
Worsening15SUBNETS
Stable83SUBNETS
Excluded16SUBNETS

DEMAND CONCENTRATION

Top 114.5456%
Top 536.9354%
Top 1046.4917%

EMISSION STRUCTURE

Top 213.6407%
Top 525.2125%
Top 1038.7303%

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 Oct17 OctINDEX = 100108.293.493.273.167.763.2

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

ALPHARADAR DATASET · 29 EMBEDDED OBSERVATIONS · 19 Sept 2026 TO 17 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 publication29 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-2026-10-17-10. 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.