ALPHARADAR · BITTENSOR INTELLIGENCE

$TAO — Morning Intelligence Report

Frozen observation
30 Oct 2026, 07:20 UTC
Publication snapshot
tao-2026-10-30-10
Source snapshot date
2026-10-30
Source timestamp
30 Oct 2026, 07:19 UTC

MORNING INTELLIGENCE

EXPLAINED REPORT

Market

At the frozen observation, $TAO price was $236.73. The recorded 24h move was -4.16%; 24h volume was $241,615,808.94.

Open Interest was $17,492,055.99 (-16.92% over 24h). Funding was -0.04685203%. These are market and derivatives observations, not measures of network usage.

Network

Coverage was 11.26%, Demand 30,075.52 TAO, Emissions 267,133.57 TAO and Burns 32,658.66 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 $236.73 and Coverage 11.26%. 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-2026-10-30-10 · frozen 30 Oct 2026, 07:20 UTC

EXECUTIVE SUMMARY

THE OBSERVATION

As frozen on 2026-10-30, $TAO was $236.73 (-4.16% over 24h). Network Coverage was 11.26%, with Demand 30,075.52 TAO, Emissions 267,133.57 TAO and Burns 32,658.66 TAO. These are the values recorded in this publication snapshot; unavailable metrics remain unavailable.

This page uses only the frozen snapshot for 2026-10-30. No narrative is generated when a report is opened.

MARKET

$TAO PRICE & POSITIONING

$TAO price$236.73-4.1578% / 24H
24h volume$241,615,808.94Source · CoinGecko
Open Interest$17,492,055.99-16.9223% / 24H
Funding-0.0469%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: 29 Oct 2026. This interval may be longer than one day.

MARKET · $TAO PRICEMoved lower
NETWORK · COVERAGE + DEMANDMixed signals

Mixed signals

Market, Coverage and Demand did not move together. Network direction is not inferred from conflicting or flat core metrics.

MARKET

$TAO price$246.74 → $236.73 -4.06%
24h volume$106,403,985.09 → $241,615,808.94 +127.07%
Open Interest$18,646,452.64 → $17,492,055.99 -6.19%
Funding rate0.0068% → -0.0469% -0.05 pp

NETWORK

Coverage11.2721% → 11.2586% -0.01 pp
Demand30,059.48 TAO → 30,075.52 TAO +0.05%
Emissions266,671.56 TAO → 267,133.57 TAO +0.17%
Burns32,649.14 TAO → 32,658.66 TAO +0.03%

NETWORK BREADTH · COUNT CHANGE

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

TOP COVERAGE SUBNETS · MATCHED NETUID ONLY

SN4 Targon91.4816% → 91.0298% -0.45 pp
SN76 Ormas45.0871% → 45.133% +0.05 pp
SN113 Subnet 11344.007% → 44.119% +0.11 pp
SN116 Carbon41.6987% → 41.6725% -0.03 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

Coverage11.2586%-0.0128 PP / 1D
Demand30,075.52 TAO+0.0191% / 1D
Emissions267,133.57 TAO+0.1325% / 1D
Burns32,658.66 TAO-0.092% / 1D

TOP SUBNETS BY COVERAGE

SN4 Targon91.0298%
SN76 Ormas45.133%
SN113 Subnet 11344.119%
SN116 Carbon41.6725%
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: 2026-10-30 · Report cutoff: 2026-10-30 07:20:17.309 UTC

Recorded subnet source timestamp: 2026-10-30 07:20:16.583 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

Improving11SUBNETS
Worsening18SUBNETS
Stable83SUBNETS
Excluded16SUBNETS

DEMAND CONCENTRATION

Top 130.5716%
Top 551.6375%
Top 1061.0541%

EMISSION STRUCTURE

Top 214.1916%
Top 524.8858%
Top 1038.0789%

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 Oct30 OctINDEX = 10095.994.992.988.584.972.6

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

ALPHARADAR DATASET · 42 EMBEDDED OBSERVATIONS · 19 Sept 2026 TO 30 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 increased. These are separate observations from the same frozen report, not a trading signal.

DATA QUALITY

MarketComplete
FundamentalsComplete
Network qualityComplete
History at publication42 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-2026-10-30-10. 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.