ALPHARADAR · BITTENSOR INTELLIGENCE

$TAO — Morning Intelligence Report

Frozen observation
24 Oct 2026, 06:20 UTC
Publication snapshot
tao-2026-10-24-10
Source snapshot date
2026-10-24
Source timestamp
24 Oct 2026, 06:19 UTC

MORNING INTELLIGENCE

EXPLAINED REPORT

Market

At the frozen observation, $TAO price was $252.69. The recorded 24h move was -3.97%; 24h volume was $97,723,439.83.

Open Interest was $19,166,164.00 (-16.25% over 24h). Funding was -0.00599368%. These are market and derivatives observations, not measures of network usage.

Network

Coverage was 8.21%, Demand 21,716 TAO, Emissions 264,503.52 TAO and Burns 25,095.54 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 $252.69 and Coverage 8.21%. 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-2026-10-24-10 · frozen 24 Oct 2026, 06:20 UTC

EXECUTIVE SUMMARY

THE OBSERVATION

As frozen on 2026-10-24, $TAO was $252.69 (-3.97% over 24h). Network Coverage was 8.21%, with Demand 21,716 TAO, Emissions 264,503.52 TAO and Burns 25,095.54 TAO. These are the values recorded in this publication snapshot; unavailable metrics remain unavailable.

This page uses only the frozen snapshot for 2026-10-24. No narrative is generated when a report is opened.

MARKET

$TAO PRICE & POSITIONING

$TAO price$252.69-3.9685% / 24H
24h volume$97,723,439.83Source · CoinGecko
Open Interest$19,166,164.00-16.2494% / 24H
Funding-0.006%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: 23 Oct 2026. This interval may be longer than one day.

MARKET · $TAO PRICEMoved lower
NETWORK · COVERAGE + DEMANDImproving

Market lower / Network improving

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

MARKET

$TAO price$263.06 → $252.69 -3.94%
24h volume$147,510,023.56 → $97,723,439.83 -33.75%
Open Interest$20,488,927.22 → $19,166,164.00 -6.46%
Funding rate0.0038% → -0.0060% -0.01 pp

NETWORK

Coverage8.1833% → 8.2101% +0.03 pp
Demand21,601.08 TAO → 21,716 TAO +0.53%
Emissions263,964.83 TAO → 264,503.52 TAO +0.2%
Burns25,012.32 TAO → 25,095.54 TAO +0.33%

NETWORK BREADTH · COUNT CHANGE

Improving+2 subnets
Worsening-3 subnets
Stable0 subnets
Excluded+1 subnets

TOP COVERAGE SUBNETS · MATCHED NETUID ONLY

SN113 Subnet 11344.3633% → 44.1465% -0.22 pp
SN116 Carbon41.8372% → 41.8121% -0.03 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

Coverage8.2101%-0.0818 PP / 1D
Demand21,716 TAO-0.73% / 1D
Emissions264,503.52 TAO+0.259% / 1D
Burns25,095.54 TAO+0.3904% / 1D

TOP SUBNETS BY COVERAGE

SN113 Subnet 11344.1465%
SN116 Carbon41.8121%
SN76 Ormas41.0903%
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: 2026-10-24 · Report cutoff: 2026-10-24 06:20:17.692 UTC

Recorded subnet source timestamp: 2026-10-24 06:20:16.749 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
Worsening17SUBNETS
Stable80SUBNETS
Excluded17SUBNETS

DEMAND CONCENTRATION

Top 112.2517%
Top 535.2318%
Top 1046.5353%

EMISSION STRUCTURE

Top 213.8715%
Top 524.8866%
Top 1038.1438%

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 Sept26 Sept03 Oct10 Oct17 Oct24 OctINDEX = 10099.294.979.672.964.661.3

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

ALPHARADAR DATASET · 36 EMBEDDED OBSERVATIONS · 19 Sept 2026 TO 24 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 publication36 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-2026-10-24-10. 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.