ALPHARADAR · BITTENSOR INTELLIGENCE

$TAO — Morning Intelligence Report

Frozen observation
28 Oct 2026, 07:20 UTC
Publication snapshot
tao-2026-10-28-10
Source snapshot date
2026-10-28
Source timestamp
28 Oct 2026, 07:19 UTC

MORNING INTELLIGENCE

EXPLAINED REPORT

Market

At the frozen observation, $TAO price was $255.72. The recorded 24h move was +3.09%; 24h volume was $97,337,544.48.

Open Interest was $19,104,352.76 (-11.01% over 24h). Funding was -0.00025453%. These are market and derivatives observations, not measures of network usage.

Network

Coverage was 11.27%, Demand 30,005.24 TAO, Emissions 266,238.18 TAO and Burns 32,634.5 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 $255.72 and Coverage 11.27%. 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-2026-10-28-10 · frozen 28 Oct 2026, 07:20 UTC

EXECUTIVE SUMMARY

THE OBSERVATION

As frozen on 2026-10-28, $TAO was $255.72 (+3.09% over 24h). Network Coverage was 11.27%, with Demand 30,005.24 TAO, Emissions 266,238.18 TAO and Burns 32,634.5 TAO. These are the values recorded in this publication snapshot; unavailable metrics remain unavailable.

This page uses only the frozen snapshot for 2026-10-28. No narrative is generated when a report is opened.

MARKET

$TAO PRICE & POSITIONING

$TAO price$255.72+3.0922% / 24H
24h volume$97,337,544.48Source · CoinGecko
Open Interest$19,104,352.76-11.0076% / 24H
Funding-0.0003%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: 27 Oct 2026. This interval may be longer than one day.

MARKET · $TAO PRICEMoved higher
NETWORK · COVERAGE + DEMANDImproving

Market higher / Network improving

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

MARKET

$TAO price$248.12 → $255.72 +3.06%
24h volume$99,446,438.85 → $97,337,544.48 -2.12%
Open Interest$18,968,112.73 → $19,104,352.76 +0.72%
Funding rate-0.0021% → -0.0003% +0 pp

NETWORK

Coverage7.3659% → 11.2701% +3.9 pp
Demand19,578.68 TAO → 30,005.24 TAO +53.25%
Emissions265,801.84 TAO → 266,238.18 TAO +0.16%
Burns24,014.65 TAO → 32,634.5 TAO +35.89%

NETWORK BREADTH · COUNT CHANGE

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

TOP COVERAGE SUBNETS · MATCHED NETUID ONLY

SN76 Ormas44.9769% → 45.0382% +0.06 pp
SN113 Subnet 11343.8753% → 43.9045% +0.03 pp
SN116 Carbon41.743% → 41.7213% -0.02 pp
SN39 deprecated41.0008% → 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

Coverage11.2701%+3.8874 PP / 1D
Demand30,005.24 TAO+53.0336% / 1D
Emissions266,238.18 TAO+0.214% / 1D
Burns32,634.5 TAO+35.9546% / 1D

TOP SUBNETS BY COVERAGE

SN4 Targon91.5572%
SN76 Ormas45.0382%
SN113 Subnet 11343.9045%
SN116 Carbon41.7213%
SN39 deprecated41.0008%

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: 2026-10-28 · Report cutoff: 2026-10-28 07:20:18.277 UTC

Recorded subnet source timestamp: 2026-10-28 07:20:17.350 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

Improving10SUBNETS
Worsening16SUBNETS
Stable86SUBNETS
Excluded16SUBNETS

DEMAND CONCENTRATION

Top 130.6329%
Top 551.3294%
Top 1060.4661%

EMISSION STRUCTURE

Top 214.089%
Top 524.894%
Top 1038.0746%

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 Oct28 OctINDEX = 100100.495.694.888.684.779.3

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

ALPHARADAR DATASET · 40 EMBEDDED OBSERVATIONS · 19 Sept 2026 TO 28 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 increased and Demand increased. These are separate observations from the same frozen report, not a trading signal.

DATA QUALITY

MarketComplete
FundamentalsComplete
Network qualityComplete
History at publication40 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-2026-10-28-10. 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.