ALPHARADAR · BITTENSOR INTELLIGENCE

$TAO — Morning Intelligence Report

Frozen observation
26 Oct 2026, 07:20 UTC
Publication snapshot
tao-2026-10-26-10
Source snapshot date
2026-10-26
Source timestamp
26 Oct 2026, 07:19 UTC

MORNING INTELLIGENCE

EXPLAINED REPORT

Market

At the frozen observation, $TAO price was $249.40. The recorded 24h move was +0.46%; 24h volume was $85,011,331.16.

Open Interest was $19,290,070.36 (-11.20% over 24h). Funding was -0.00334488%. These are market and derivatives observations, not measures of network usage.

Network

Coverage was 7.43%, Demand 19,729.7 TAO, Emissions 265,425.66 TAO and Burns 24,012.08 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 $249.40 and Coverage 7.43%. 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-2026-10-26-10 · frozen 26 Oct 2026, 07:20 UTC

EXECUTIVE SUMMARY

THE OBSERVATION

As frozen on 2026-10-26, $TAO was $249.40 (+0.46% over 24h). Network Coverage was 7.43%, with Demand 19,729.7 TAO, Emissions 265,425.66 TAO and Burns 24,012.08 TAO. These are the values recorded in this publication snapshot; unavailable metrics remain unavailable.

This page uses only the frozen snapshot for 2026-10-26. No narrative is generated when a report is opened.

MARKET

$TAO PRICE & POSITIONING

$TAO price$249.40+0.459% / 24H
24h volume$85,011,331.16Source · CoinGecko
Open Interest$19,290,070.36-11.2017% / 24H
Funding-0.0033%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: 25 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$248.24 → $249.40 +0.47%
24h volume$105,466,853.01 → $85,011,331.16 -19.4%
Open Interest$19,210,478.51 → $19,290,070.36 +0.41%
Funding rate-0.0066% → -0.0033% +0 pp

NETWORK

Coverage8.3961% → 7.4332% -0.96 pp
Demand22,245.06 TAO → 19,729.7 TAO -11.31%
Emissions264,945.14 TAO → 265,425.66 TAO +0.18%
Burns25,314.8 TAO → 24,012.08 TAO -5.15%

NETWORK BREADTH · COUNT CHANGE

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

TOP COVERAGE SUBNETS · MATCHED NETUID ONLY

SN76 Ormas44.8888% → 44.9316% +0.04 pp
SN113 Subnet 11343.9749% → 43.9189% -0.06 pp
SN116 Carbon41.7859% → 41.7631% -0.02 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

Coverage7.4332%-0.8666 PP / 1D
Demand19,729.7 TAO-10.2721% / 1D
Emissions265,425.66 TAO+0.1824% / 1D
Burns24,012.08 TAO-5.0988% / 1D

TOP SUBNETS BY COVERAGE

SN76 Ormas44.9316%
SN113 Subnet 11343.9189%
SN116 Carbon41.7631%
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: 2026-10-26 · Report cutoff: 2026-10-26 07:20:18.831 UTC

Recorded subnet source timestamp: 2026-10-26 07:20:18.477 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
Worsening20SUBNETS
Stable82SUBNETS
Excluded17SUBNETS

DEMAND CONCENTRATION

Top 113.194%
Top 531.896%
Top 1043.8004%

EMISSION STRUCTURE

Top 213.9791%
Top 524.8771%
Top 1038.0911%

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 Oct26 OctINDEX = 10097.995.380.169.858.455.7

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

ALPHARADAR DATASET · 38 EMBEDDED OBSERVATIONS · 19 Sept 2026 TO 26 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 publication38 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-2026-10-26-10. 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.