ALPHARADAR · BITTENSOR INTELLIGENCE

$TAO — Morning Intelligence Report

Frozen observation
1 Nov 2026, 07:20 UTC
Publication snapshot
tao-2026-11-01-10
Source snapshot date
2026-11-01
Source timestamp
1 Nov 2026, 07:20 UTC

MORNING INTELLIGENCE

EXPLAINED REPORT

Market

At the frozen observation, $TAO price was $237.03. The recorded 24h move was +0.33%; 24h volume was $59,533,642.53.

Open Interest was $16,276,382.57 (-10.15% over 24h). Funding was 0.00482441%. These are market and derivatives observations, not measures of network usage.

Network

Coverage was 11.30%, Demand 30,276.01 TAO, Emissions 267,961.35 TAO and Burns 32,859.39 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 $237.03 and Coverage 11.30%. 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-2026-11-01-10 · frozen 1 Nov 2026, 07:20 UTC

EXECUTIVE SUMMARY

THE OBSERVATION

As frozen on 2026-11-01, $TAO was $237.03 (+0.33% over 24h). Network Coverage was 11.3%, with Demand 30,276.01 TAO, Emissions 267,961.35 TAO and Burns 32,859.39 TAO. These are the values recorded in this publication snapshot; unavailable metrics remain unavailable.

This page uses only the frozen snapshot for 2026-11-01. No narrative is generated when a report is opened.

MARKET

$TAO PRICE & POSITIONING

$TAO price$237.03+0.331% / 24H
24h volume$59,533,642.53Source · CoinGecko
Open Interest$16,276,382.57-10.1521% / 24H
Funding0.0048%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: 31 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$236.26 → $237.03 +0.33%
24h volume$113,488,738.07 → $59,533,642.53 -47.54%
Open Interest$16,110,701.71 → $16,276,382.57 +1.03%
Funding rate0.0100% → 0.0048% -0.01 pp

NETWORK

Coverage11.2161% → 11.2986% +0.08 pp
Demand30,001.1 TAO → 30,276.01 TAO +0.92%
Emissions267,482.11 TAO → 267,961.35 TAO +0.18%
Burns32,847.28 TAO → 32,859.39 TAO +0.04%

NETWORK BREADTH · COUNT CHANGE

Improving-6 subnets
Worsening-10 subnets
Stable+16 subnets
Excluded0 subnets

TOP COVERAGE SUBNETS · MATCHED NETUID ONLY

SN4 Targon90.759% → 90.4236% -0.34 pp
SN76 Ormas45.1801% → 45.2391% +0.06 pp
SN116 Carbon41.6488% → 41.6267% -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

Coverage11.2986%+0.1234 PP / 1D
Demand30,276.01 TAO+1.1193% / 1D
Emissions267,961.35 TAO+0.0189% / 1D
Burns32,859.39 TAO+0.0838% / 1D

TOP SUBNETS BY COVERAGE

SN4 Targon90.4236%
SN76 Ormas45.2391%
SN116 Carbon41.6267%
SN39 deprecated41.0008%
SN31 rec4ll41.0008%

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: 2026-11-01 · Report cutoff: 2026-11-01 07:20:30.860 UTC

Recorded subnet source timestamp: 2026-11-01 07:20:29.892 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

Improving5SUBNETS
Worsening9SUBNETS
Stable98SUBNETS
Excluded16SUBNETS

DEMAND CONCENTRATION

Top 130.4889%
Top 551.8801%
Top 1061.5264%

EMISSION STRUCTURE

Top 214.27%
Top 524.9351%
Top 1038.2205%

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 Oct31 Oct01 NovINDEX = 10096.295.593.088.885.567.6

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

ALPHARADAR DATASET · 44 EMBEDDED OBSERVATIONS · 19 Sept 2026 TO 01 Nov 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 publication44 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-2026-11-01-10. 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.