Daily briefing

October 3, 2026

Atlas Regime

Medium confidence

SELECTIVE

The network is moving, but not together — more subnets are being sold than bought. Flow is spread across many subnets, while momentum has drained from most names.

Regime history · 4d

Sep 30 → Oct 3

  1. S
  2. D
  3. D
  4. S

2026-09-30: SELECTIVE. 2026-10-01: DEFENSIVE. 2026-10-02: DEFENSIVE. 2026-10-03: SELECTIVE

What changed

vs Oct 2
NETWORKAtlas RegimeDEFENSIVESELECTIVE
SN4Multipledriver: CAPTargon77.6×72.8×
SN8Multipledriver: CAPVanta41.1×38.6×
NETWORKNet flow-4.1K τ-2.0K τ (↑ 51%)
SN44Capital flowScoreInflowOutflow
SN10Capital flowParetonInflowOutflow

What to watch today

signals, not recommendations
Confirming-892 τ
engy

Second day of outflow · Moderate outflow

-243 τ yesterday, -892 τ today — the direction held.

Emerging+591 τ
Synth

Climbing the flow table · Strong inflow

Net-flow rank #32 yesterday, #1 today.

Reversing-893 τ
Score

Flipped to outflow · Moderate outflow

Went from +4.0K τ yesterday to -893 τ today.

Unusual+140 τ
cascade

Turnover spike · Moderate inflow

1.9K τ traded against a 3.6K τ pool — 52% turnover in 24h.

Atlas Map

Capital movement across the subnet economy

$1.0M$10M$100M0← TAO LEAVINGTAO ENTERING →MKT CAPApex · SN1DSperse · SN2Teutonic · SN3Hone · SN5Numinous · SN6Allways · SN7iota · SN9Pareton · SN10TrajectoryRL · SN11Compute Horde · SN12Data Universe · SN13Cacheon · SN14ORO · SN15404—GEN · SN17Zeus · SN18blockmachine · SN19Witness · SN20AdTAO · SN21Desearch · SN22Trishool · SN23Quasar · SN24UR · SN25Perturb · SN26Orion · SN27SayGM · SN28hoτfloaτ · SN29Endure Network · SN30rec4ll · SN31ItsAI · SN32ReadyAI · SN33BitMind · SN34Aurelius · SN37ChronoLLM · SN38Ralph · SN40Almanac · SN41Graphite · SN43Score · SN44AlphaRidge.ai · SN45Instant · SN46GPUForge · SN47Quantum Compute · SN48Nepher Robotics · SN49Synth · SN50Dojo · SN52engy · SN53Yanez · SN54NIOME · SN55Gradients · SN56Bitsec.ai · SN60RedTeam · SN61Ridges · SN62Enigma · SN63True Performance Network · SN65conjectures · SN66Harnyx · SN67NOVA · SN68Herald · SN69Leadpoet · SN71StreetVision by NATIX · SN72Parked · SN73Gittensor · SN74Hippius · SN75Liquidity · SN77Umi · SN78MVTRX · SN79OpenRoboto · SN80Reliquary · SN81CliqueAI · SN83Vidaio · SN85Provenonce · SN87Investing · SN88InfiniteQuant · SN89KubeTEE · SN90cascade · SN91Available · SN92Cathedral · SN94Actual · SN95Verathos · SN96Albedo · SN97NeverPlayAlone · SN98Cortex · SN100Tag101 · SN101ConnitoAI · SN102TAOstatus · SN104Beam · SN105Nodexo · SN106Minos · SN107Finsight · SN109Green Compute · SN110Claims · SN111for sale · SN112LongShort · SN113SOMA · SN114MoirAI · SN115for sale · SN116everyframe.studio · SN117Ditto · SN118CapabilityForge Next · SN119Affine · SN120sundae_bar · SN121CookingTAO · SN122MANTIS · SN123Swarm · SN124Refinery · SN125Attelier · SN126Astrid · SN127ByteLeap · SN128Targon · SN4Vanta · SN8lium.io · SN51Chutes · SN64Bitcast · SN93lium.ioGittensorUmi
SubnetExternal revenue disclosedSize = liquidity

Select a subnet for its figures — hover, tap, or focus the map and use the arrow keys. 112 mapped · 16 pools too thin to place.

Mapped subnets, from largest outflow to largest inflow: Nepher Robotics: market cap $5.7M, net 24h flow -149 τ; Gittensor: market cap $4.4M, net 24h flow -199 τ; CookingTAO: market cap $1.1M, net 24h flow -41 τ; Cathedral: market cap $2.5M, net 24h flow -66 τ; for sale: market cap $0.5M, net 24h flow -21 τ; Ralph: market cap $0.7M, net 24h flow -37 τ; engy: market cap $56M, net 24h flow -892 τ; Zeus: market cap $6.2M, net 24h flow -204 τ; Green Compute: market cap $15M, net 24h flow -178 τ; Pareton: market cap $9.3M, net 24h flow -313 τ; Investing: market cap $4.3M, net 24h flow -88 τ; Score: market cap $58M, net 24h flow -893 τ; Available: market cap $0.3M, net 24h flow -7 τ; Trishool: market cap $7.6M, net 24h flow -96 τ; Beam: market cap $5.1M, net 24h flow -61 τ; ORO: market cap $13M, net 24h flow -142 τ; GPUForge: market cap $0.8M, net 24h flow -10 τ; Swarm: market cap $11M, net 24h flow -88 τ; OpenRoboto: market cap $17M, net 24h flow -36 τ; Leadpoet: market cap $5.5M, net 24h flow -30 τ; SOMA: market cap $12M, net 24h flow -50 τ; Harnyx: market cap $1.5M, net 24h flow -14 τ; Verathos: market cap $1.6M, net 24h flow -13 τ; Actual: market cap $23M, net 24h flow -110 τ; Aurelius: market cap $3.8M, net 24h flow -31 τ; LongShort: market cap $0.9M, net 24h flow -6 τ; ReadyAI: market cap $5.6M, net 24h flow -53 τ; Bitsec.ai: market cap $6.0M, net 24h flow -26 τ; InfiniteQuant: market cap $3.9M, net 24h flow -21 τ; TrajectoryRL: market cap $11M, net 24h flow -60 τ; Astrid: market cap $2.0M, net 24h flow -9 τ; CliqueAI: market cap $8.5M, net 24h flow -23 τ; Herald: market cap $2.8M, net 24h flow -10 τ; DSperse: market cap $4.6M, net 24h flow -21 τ; Cacheon: market cap $12M, net 24h flow -61 τ; Chutes: market cap $125M, net 24h flow -486 τ; Attelier: market cap $1.9M, net 24h flow -6 τ; Allways: market cap $3.9M, net 24h flow -13 τ; Teutonic: market cap $42M, net 24h flow -166 τ; lium.io: market cap $131M, net 24h flow -323 τ; Hone: market cap $16M, net 24h flow -63 τ; blockmachine: market cap $13M, net 24h flow -56 τ; TAOstatus: market cap $5.3M, net 24h flow -10 τ; Perturb: market cap $1.0M, net 24h flow -3 τ; SayGM: market cap $31M, net 24h flow -38 τ; Affine: market cap $57M, net 24h flow -126 τ; Dojo: market cap $8.6M, net 24h flow -28 τ; Minos: market cap $21M, net 24h flow -32 τ; AdTAO: market cap $5.4M, net 24h flow -11 τ; Gradients: market cap $23M, net 24h flow -73 τ; Refinery: market cap $2.6M, net 24h flow -7 τ; BitMind: market cap $19M, net 24h flow -44 τ; True Performance Network: market cap $2.9M, net 24h flow -6 τ; Witness: market cap $3.0M, net 24h flow -6 τ; Ridges: market cap $17M, net 24h flow -28 τ; MVTRX: market cap $4.4M, net 24h flow -5 τ; Targon: market cap $87M, net 24h flow -93 τ; Data Universe: market cap $7.5M, net 24h flow -11 τ; 404—GEN: market cap $14M, net 24h flow -13 τ; ItsAI: market cap $4.9M, net 24h flow -3 τ; Liquidity: market cap $8.2M, net 24h flow -5 τ; Parked: market cap $3.8M, net 24h flow -3 τ; for sale: market cap $4.5M, net 24h flow -2 τ; hoτfloaτ: market cap $4.1M, net 24h flow -3 τ; MoirAI: market cap $1.5M, net 24h flow -1 τ; Vanta: market cap $46M, net 24h flow -12 τ; ByteLeap: market cap $3.6M, net 24h flow -1 τ; Tag101: market cap $2.8M, net 24h flow -0 τ; CapabilityForge Next: market cap $1.4M, net 24h flow -0 τ; sundae_bar: market cap $3.7M, net 24h flow -0 τ; Orion: market cap $3.2M, net 24h flow -0 τ; Graphite: market cap $6.0M, net 24h flow -0 τ; Endure Network: market cap $4.9M, net 24h flow +0 τ; MANTIS: market cap $2.8M, net 24h flow +1 τ; ChronoLLM: market cap $12M, net 24h flow +1 τ; Apex: market cap $10.0M, net 24h flow +5 τ; NeverPlayAlone: market cap $2.3M, net 24h flow +2 τ; AlphaRidge.ai: market cap $3.4M, net 24h flow +4 τ; Numinous: market cap $3.9M, net 24h flow +7 τ; Enigma: market cap $6.3M, net 24h flow +16 τ; Compute Horde: market cap $6.7M, net 24h flow +19 τ; iota: market cap $36M, net 24h flow +99 τ; RedTeam: market cap $17M, net 24h flow +29 τ; NIOME: market cap $3.8M, net 24h flow +15 τ; Claims: market cap $5.3M, net 24h flow +14 τ; Albedo: market cap $8.7M, net 24h flow +35 τ; UR: market cap $10.0M, net 24h flow +59 τ; everyframe.studio: market cap $2.2M, net 24h flow +16 τ; Reliquary: market cap $8.3M, net 24h flow +103 τ; Quasar: market cap $7.8M, net 24h flow +57 τ; Almanac: market cap $11M, net 24h flow +93 τ; StreetVision by NATIX: market cap $3.1M, net 24h flow +41 τ; NOVA: market cap $33M, net 24h flow +302 τ; Bitcast: market cap $24M, net 24h flow +171 τ; Finsight: market cap $1.1M, net 24h flow +10 τ; Hippius: market cap $24M, net 24h flow +270 τ; Quantum Compute: market cap $6.3M, net 24h flow +94 τ; ConnitoAI: market cap $2.5M, net 24h flow +38 τ; rec4ll: market cap $1.9M, net 24h flow +22 τ; Yanez: market cap $10M, net 24h flow +126 τ; Ditto: market cap $5.8M, net 24h flow +81 τ; Cortex: market cap $2.1M, net 24h flow +37 τ; Vidaio: market cap $9.1M, net 24h flow +215 τ; Provenonce: market cap $2.2M, net 24h flow +30 τ; KubeTEE: market cap $4.0M, net 24h flow +82 τ; conjectures: market cap $5.2M, net 24h flow +173 τ; Desearch: market cap $4.5M, net 24h flow +203 τ; Instant: market cap $5.2M, net 24h flow +260 τ; Synth: market cap $7.1M, net 24h flow +591 τ; Umi: market cap $2.1M, net 24h flow +117 τ; cascade: market cap $2.5M, net 24h flow +140 τ; Nodexo: market cap $2.8M, net 24h flow +259 τ. The full directory with sorting and filters is at /subnets.

Network pulse

118 active subnets

Net 24h flow

-2.0K τ

buys − sells

24h volume

103.2K τ

gross, both sides

BoughtSold
35% · 3464 · 65%
Top 5Rest of network
33%67%
TAO $292Strongest momentum Umi ActiveConcentration is the share of gross flow in the five largest moves.

Valuation pulse

Explore valuation →

Revenue-backed cap

$414M

5 subnets · live

Annualized revenue

$12M

186d old · STALE

Aggregate multiple

35.8×

cap ÷ revenue

Revenue multiple · log scale

12.4× → 82.6×

← Lower multipleHigher multiple →

Revenue coverage

5/128 subnets · 12.2% of cap

Share of subnet market cap with disclosed external revenue behind it. Tracked daily.

Emissions excluded — external customer revenue only. Revenue covers a period ending 186 days ago. Market cap is live, so the multiple compares today's valuation against an older revenue disclosure. Movement since then reflects the cap, not measured business performance. Methodology

Flow extremes

View all flows →

Share this briefing

Bittensor subnets — Oct 3 Atlas Regime: SELECTIVE (medium confidence) Net 24h flow: -2.0K τ across 118 subnets Breadth: 34 up / 64 down Most bought: Synth +591 τ subnetatlas.com

Flow is net TAO into each subnet pool over 24 hours — buy volume minus sell volume, emissions excluded. Research, not financial advice.