ALPHARADAR · BITTENSOR INTELLIGENCE

$TAO — Morning Intelligence Report

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

MORNING INTELLIGENCE

EXPLAINED REPORT

Market

At the frozen observation, $TAO price was $273.91. The recorded 24h move was +2.99%; 24h volume was $157,135,931.30.

Open Interest was $21,972,744.08 (-8.81% over 24h). Funding was 0.01%. These are market and derivatives observations, not measures of network usage.

Network

Coverage was 8.17%, Demand 21,332.24 TAO, Emissions 261,086.94 TAO and Burns 24,524.96 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 $273.91 and Coverage 8.17%. 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-2026-10-19-10 · frozen 19 Oct 2026, 06:20 UTC

EXECUTIVE SUMMARY

THE OBSERVATION

As frozen on 2026-10-19, $TAO was $273.91 (+2.99% over 24h). Network Coverage was 8.17%, with Demand 21,332.24 TAO, Emissions 261,086.94 TAO and Burns 24,524.96 TAO. These are the values recorded in this publication snapshot; unavailable metrics remain unavailable.

This page uses only the frozen snapshot for 2026-10-19. No narrative is generated when a report is opened.

MARKET

$TAO PRICE & POSITIONING

$TAO price$273.91+2.9871% / 24H
24h volume$157,135,931.30Source · CoinGecko
Open Interest$21,972,744.08-8.8095% / 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: 18 Oct 2026. This interval may be longer than one day.

MARKET · $TAO PRICEMoved higher
NETWORK · COVERAGE + DEMANDWeakening

Market higher / Network weakening

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

MARKET

$TAO price$266.19 → $273.91 +2.9%
24h volume$116,349,565.78 → $157,135,931.30 +35.06%
Open Interest$21,569,830.94 → $21,972,744.08 +1.87%
Funding rate0.0100% → 0.0100% 0 pp

NETWORK

Coverage8.6635% → 8.1706% -0.49 pp
Demand22,569.14 TAO → 21,332.24 TAO -5.48%
Emissions260,507.16 TAO → 261,086.94 TAO +0.22%
Burns25,146.28 TAO → 24,524.96 TAO -2.47%

NETWORK BREADTH · COUNT CHANGE

Improving-4 subnets
Worsening+3 subnets
Stable+1 subnets
Excluded0 subnets

TOP COVERAGE SUBNETS · MATCHED NETUID ONLY

SN113 Subnet 11344.965% → 44.9604% -0 pp
SN116 Carbon42.0298% → 41.9838% -0.05 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

Coverage8.1706%-0.4952 PP / 1D
Demand21,332.24 TAO-5.4926% / 1D
Emissions261,086.94 TAO+0.2357% / 1D
Burns24,524.96 TAO-2.4821% / 1D

TOP SUBNETS BY COVERAGE

SN113 Subnet 11344.9604%
SN116 Carbon41.9838%
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: 2026-10-19 · Report cutoff: 2026-10-19 06:20:28.302 UTC

Recorded subnet source timestamp: 2026-10-19 06:20:27.401 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
Worsening16SUBNETS
Stable87SUBNETS
Excluded16SUBNETS

DEMAND CONCENTRATION

Top 112.7281%
Top 533.6598%
Top 1043.8818%

EMISSION STRUCTURE

Top 213.6943%
Top 525.0852%
Top 1038.5723%

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 Oct19 OctINDEX = 100107.593.791.271.364.260.2

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

ALPHARADAR DATASET · 31 EMBEDDED OBSERVATIONS · 19 Sept 2026 TO 19 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 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 publication31 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-2026-10-19-10. 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.