ALPHARADAR · BITTENSOR INTELLIGENCE

$TAO — Morning Intelligence Report

Frozen observation
2 Nov 2026, 07:20 UTC
Publication snapshot
tao-2026-11-02-10
Source snapshot date
2026-11-02
Source timestamp
2 Nov 2026, 07:19 UTC

MORNING INTELLIGENCE

EXPLAINED REPORT

Market

At the frozen observation, $TAO price was $230.16. The recorded 24h move was -2.86%; 24h volume was $67,227,345.27.

Open Interest was $16,405,542.14 (-11.05% over 24h). Funding was 0.01%. These are market and derivatives observations, not measures of network usage.

Network

Coverage was 11.35%, Demand 30,458.33 TAO, Emissions 268,363.32 TAO and Burns 32,832.39 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 $230.16 and Coverage 11.35%. 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-2026-11-02-10 · frozen 2 Nov 2026, 07:20 UTC

EXECUTIVE SUMMARY

THE OBSERVATION

As frozen on 2026-11-02, $TAO was $230.16 (-2.86% over 24h). Network Coverage was 11.35%, with Demand 30,458.33 TAO, Emissions 268,363.32 TAO and Burns 32,832.39 TAO. These are the values recorded in this publication snapshot; unavailable metrics remain unavailable.

This page uses only the frozen snapshot for 2026-11-02. No narrative is generated when a report is opened.

MARKET

$TAO PRICE & POSITIONING

$TAO price$230.16-2.8648% / 24H
24h volume$67,227,345.27Source · CoinGecko
Open Interest$16,405,542.14-11.0485% / 24H
Funding0.01%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: 01 Nov 2026. This interval may be longer than one day.

MARKET · $TAO PRICEMoved lower
NETWORK · COVERAGE + DEMANDImproving

Market lower / Network improving

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

MARKET

$TAO price$237.03 → $230.16 -2.9%
24h volume$59,533,642.53 → $67,227,345.27 +12.92%
Open Interest$16,276,382.57 → $16,405,542.14 +0.79%
Funding rate0.0048% → 0.0100% +0.01 pp

NETWORK

Coverage11.2986% → 11.3497% +0.05 pp
Demand30,276.01 TAO → 30,458.33 TAO +0.6%
Emissions267,961.35 TAO → 268,363.32 TAO +0.15%
Burns32,859.39 TAO → 32,832.39 TAO -0.08%

NETWORK BREADTH · COUNT CHANGE

Improving+6 subnets
Worsening+8 subnets
Stable-13 subnets
Excluded-1 subnets

TOP COVERAGE SUBNETS · MATCHED NETUID ONLY

SN4 Targon90.4236% → 90.037% -0.39 pp
SN76 Ormas45.2391% → 46.8063% +1.57 pp
SN116 Carbon41.6267% → 41.6042% -0.02 pp
SN39 deprecated41.0008% → 41.0008% +0 pp
SN31 rec4ll41.0008% → 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

Coverage11.3497%+0.0221 PP / 1D
Demand30,458.33 TAO+0.3428% / 1D
Emissions268,363.32 TAO+0.1481% / 1D
Burns32,832.39 TAO-0.1707% / 1D

TOP SUBNETS BY COVERAGE

SN4 Targon90.037%
SN76 Ormas46.8063%
SN116 Carbon41.6042%
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: 2026-11-02 · Report cutoff: 2026-11-02 07:20:30.481 UTC

Recorded subnet source timestamp: 2026-11-02 07:20:29.365 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
Worsening17SUBNETS
Stable85SUBNETS
Excluded15SUBNETS

DEMAND CONCENTRATION

Top 130.4953%
Top 552.1286%
Top 1061.9323%

EMISSION STRUCTURE

Top 214.3341%
Top 524.9707%
Top 1038.3183%

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 Oct02 NovINDEX = 10096.395.490.389.286.068.1

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

ALPHARADAR DATASET · 45 EMBEDDED OBSERVATIONS · 19 Sept 2026 TO 02 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 decreased; 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 publication45 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-2026-11-02-10. 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.