ALPHARADAR · BITTENSOR INTELLIGENCE

$TAO — Morning Intelligence Report

Frozen observation
5 Nov 2026, 07:20 UTC
Publication snapshot
tao-2026-11-05-10
Source snapshot date
2026-11-05
Source timestamp
5 Nov 2026, 07:19 UTC

MORNING INTELLIGENCE

EXPLAINED REPORT

Market

At the frozen observation, $TAO price was $234.92. The recorded 24h move was +3.03%; 24h volume was $103,104,017.52.

Open Interest was $14,700,909.76 (-14.49% over 24h). Funding was -0.00616091%. These are market and derivatives observations, not measures of network usage.

Network

Coverage was 11.23%, Demand 30,248.34 TAO, Emissions 269,300.78 TAO and Burns 32,801.26 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 $234.92 and Coverage 11.23%. 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-2026-11-05-10 · frozen 5 Nov 2026, 07:20 UTC

EXECUTIVE SUMMARY

THE OBSERVATION

As frozen on 2026-11-05, $TAO was $234.92 (+3.03% over 24h). Network Coverage was 11.23%, with Demand 30,248.34 TAO, Emissions 269,300.78 TAO and Burns 32,801.26 TAO. These are the values recorded in this publication snapshot; unavailable metrics remain unavailable.

This page uses only the frozen snapshot for 2026-11-05. No narrative is generated when a report is opened.

MARKET

$TAO PRICE & POSITIONING

$TAO price$234.92+3.0347% / 24H
24h volume$103,104,017.52Source · CoinGecko
Open Interest$14,700,909.76-14.4925% / 24H
Funding-0.0062%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: 04 Nov 2026. This interval may be longer than one day.

MARKET · $TAO PRICEMoved higher
NETWORK · COVERAGE + DEMANDWeakening

Market higher / Network weakening

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

MARKET

$TAO price$227.77 → $234.92 +3.14%
24h volume$85,043,549.04 → $103,104,017.52 +21.24%
Open Interest$15,256,826.63 → $14,700,909.76 -3.64%
Funding rate0.0100% → -0.0062% -0.02 pp

NETWORK

Coverage11.2787% → 11.2322% -0.05 pp
Demand30,343.8 TAO → 30,248.34 TAO -0.31%
Emissions269,036.55 TAO → 269,300.78 TAO +0.1%
Burns32,912.28 TAO → 32,801.26 TAO -0.34%

NETWORK BREADTH · COUNT CHANGE

Improving-2 subnets
Worsening-3 subnets
Stable+5 subnets
Excluded0 subnets

TOP COVERAGE SUBNETS · MATCHED NETUID ONLY

SN4 Targon89.2938% → 88.3894% -0.9 pp
SN76 Ormas44.9882% → 45.055% +0.07 pp
SN39 deprecated41.0008% → 41.0008% +0 pp
SN69 Herald41.0008% → 41.0008% -0 pp
SN57 Subnet 5741.0007% → 41.0007% -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

Coverage11.2322%+0.0146 PP / 1D
Demand30,248.34 TAO+0.2618% / 1D
Emissions269,300.78 TAO+0.1327% / 1D
Burns32,801.26 TAO-0.0038% / 1D

TOP SUBNETS BY COVERAGE

SN4 Targon88.3894%
SN76 Ormas45.055%
SN39 deprecated41.0008%
SN69 Herald41.0008%
SN57 Subnet 5741.0007%

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: 2026-11-05 · Report cutoff: 2026-11-05 07:20:11.545 UTC

Recorded subnet source timestamp: 2026-11-05 07:20:10.842 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

Improving12SUBNETS
Worsening18SUBNETS
Stable83SUBNETS
Excluded15SUBNETS

DEMAND CONCENTRATION

Top 130.5426%
Top 552.7412%
Top 1062.671%

EMISSION STRUCTURE

Top 214.4385%
Top 525.1472%
Top 1038.562%

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 Oct05 NovINDEX = 10096.795.392.288.385.461.0

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

ALPHARADAR DATASET · 48 EMBEDDED OBSERVATIONS · 19 Sept 2026 TO 05 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 publication48 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-2026-11-05-10. 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.