ALPHARADAR · BITTENSOR INTELLIGENCE

$TAO — Morning Intelligence Report

Frozen observation
27 Oct 2026, 07:20 UTC
Publication snapshot
tao-2026-10-27-10
Source snapshot date
2026-10-27
Source timestamp
27 Oct 2026, 07:19 UTC

MORNING INTELLIGENCE

EXPLAINED REPORT

Market

At the frozen observation, $TAO price was $248.12. The recorded 24h move was -0.47%; 24h volume was $99,446,438.85.

Open Interest was $18,968,112.73 (-13.59% over 24h). Funding was -0.00212596%. These are market and derivatives observations, not measures of network usage.

Network

Coverage was 7.37%, Demand 19,578.68 TAO, Emissions 265,801.84 TAO and Burns 24,014.65 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 $248.12 and Coverage 7.37%. 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-2026-10-27-10 · frozen 27 Oct 2026, 07:20 UTC

EXECUTIVE SUMMARY

THE OBSERVATION

As frozen on 2026-10-27, $TAO was $248.12 (-0.47% over 24h). Network Coverage was 7.37%, with Demand 19,578.68 TAO, Emissions 265,801.84 TAO and Burns 24,014.65 TAO. These are the values recorded in this publication snapshot; unavailable metrics remain unavailable.

This page uses only the frozen snapshot for 2026-10-27. No narrative is generated when a report is opened.

MARKET

$TAO PRICE & POSITIONING

$TAO price$248.12-0.4653% / 24H
24h volume$99,446,438.85Source · CoinGecko
Open Interest$18,968,112.73-13.5943% / 24H
Funding-0.0021%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: 26 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$249.40 → $248.12 -0.51%
24h volume$85,011,331.16 → $99,446,438.85 +16.98%
Open Interest$19,290,070.36 → $18,968,112.73 -1.67%
Funding rate-0.0033% → -0.0021% +0 pp

NETWORK

Coverage7.4332% → 7.3659% -0.07 pp
Demand19,729.7 TAO → 19,578.68 TAO -0.77%
Emissions265,425.66 TAO → 265,801.84 TAO +0.14%
Burns24,012.08 TAO → 24,014.65 TAO +0.01%

NETWORK BREADTH · COUNT CHANGE

Improving0 subnets
Worsening0 subnets
Stable+1 subnets
Excluded-1 subnets

TOP COVERAGE SUBNETS · MATCHED NETUID ONLY

SN76 Ormas44.9316% → 44.9769% +0.05 pp
SN113 Subnet 11343.9189% → 43.8753% -0.04 pp
SN116 Carbon41.7631% → 41.743% -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

Coverage7.3659%-0.0622 PP / 1D
Demand19,578.68 TAO-0.7474% / 1D
Emissions265,801.84 TAO+0.0898% / 1D
Burns24,014.65 TAO-0.0971% / 1D

TOP SUBNETS BY COVERAGE

SN76 Ormas44.9769%
SN113 Subnet 11343.8753%
SN116 Carbon41.743%
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: 2026-10-27 · Report cutoff: 2026-10-27 07:20:17.641 UTC

Recorded subnet source timestamp: 2026-10-27 07:20:17.039 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
Stable83SUBNETS
Excluded16SUBNETS

DEMAND CONCENTRATION

Top 113.177%
Top 532.3338%
Top 1044.4438%

EMISSION STRUCTURE

Top 214.0399%
Top 524.8834%
Top 1038.0808%

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 Oct27 OctINDEX = 10097.495.478.769.857.955.3

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

ALPHARADAR DATASET · 39 EMBEDDED OBSERVATIONS · 19 Sept 2026 TO 27 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 publication39 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-2026-10-27-10. 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.