Daily briefing
October 4, 2026
Atlas Regime
Medium confidenceSELECTIVE
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. Revenue-backed subnets are drawing flow faster than the rest.
Regime history · 5d
Sep 30 → Oct 4
- S
- D
- D
- S
- S
2026-09-30: SELECTIVE. 2026-10-01: DEFENSIVE. 2026-10-02: DEFENSIVE. 2026-10-03: SELECTIVE. 2026-10-04: SELECTIVE
What changed
vs Oct 3What to watch today
signals, not recommendationsSecond day of inflow · Moderate inflow
+171 τ yesterday, +755 τ today — the direction held.
Climbing the flow table · Moderate inflow
Net-flow rank #106 yesterday, #4 today.
Losing force · Moderate inflow
+591 τ yesterday down to +240 τ today — same direction, roughly half the size.
Turnover spike · Strong outflow
4.6K τ traded against a 5.3K τ pool — 87% turnover in 24h.
Atlas Map
Capital movement across the subnet economy
Select a subnet for its figures — hover, tap, or focus the map and use the arrow keys. 108 mapped · 20 pools too thin to place.
Mapped subnets, from largest outflow to largest inflow: Umi: market cap $2.0M, net 24h flow -93 τ; OpenRoboto: market cap $16M, net 24h flow -309 τ; Vidaio: market cap $8.4M, net 24h flow -717 τ; cascade: market cap $2.2M, net 24h flow -282 τ; ChronoLLM: market cap $13M, net 24h flow -279 τ; Provenonce: market cap $2.2M, net 24h flow -25 τ; engy: market cap $56M, net 24h flow -502 τ; Ditto: market cap $5.9M, net 24h flow -78 τ; Nepher Robotics: market cap $5.8M, net 24h flow -57 τ; Instant: market cap $5.3M, net 24h flow -97 τ; SayGM: market cap $32M, net 24h flow -234 τ; Zeus: market cap $6.4M, net 24h flow -75 τ; Bitsec.ai: market cap $6.2M, net 24h flow -49 τ; Beam: market cap $5.2M, net 24h flow -34 τ; Quantum Compute: market cap $6.4M, net 24h flow -67 τ; Affine: market cap $59M, net 24h flow -492 τ; Minos: market cap $22M, net 24h flow -126 τ; Hippius: market cap $25M, net 24h flow -185 τ; Almanac: market cap $12M, net 24h flow -84 τ; Albedo: market cap $9.0M, net 24h flow -59 τ; Ralph: market cap $0.8M, net 24h flow -7 τ; Claims: market cap $5.5M, net 24h flow -28 τ; Enigma: market cap $6.5M, net 24h flow -52 τ; Nodexo: market cap $2.9M, net 24h flow -28 τ; Harnyx: market cap $1.6M, net 24h flow -12 τ; Allways: market cap $4.0M, net 24h flow -24 τ; GPUForge: market cap $0.8M, net 24h flow -4 τ; ConnitoAI: market cap $2.6M, net 24h flow -14 τ; Refinery: market cap $2.7M, net 24h flow -22 τ; Orion: market cap $3.3M, net 24h flow -23 τ; Desearch: market cap $4.6M, net 24h flow -27 τ; UR: market cap $10M, net 24h flow -46 τ; Astrid: market cap $2.1M, net 24h flow -11 τ; Aurelius: market cap $4.0M, net 24h flow -22 τ; for sale: market cap $4.7M, net 24h flow -16 τ; Herald: market cap $2.8M, net 24h flow -11 τ; Trishool: market cap $7.8M, net 24h flow -23 τ; CliqueAI: market cap $8.8M, net 24h flow -20 τ; Targon: market cap $91M, net 24h flow -257 τ; NOVA: market cap $34M, net 24h flow -79 τ; 404—GEN: market cap $15M, net 24h flow -31 τ; ItsAI: market cap $5.1M, net 24h flow -8 τ; InfiniteQuant: market cap $4.0M, net 24h flow -7 τ; conjectures: market cap $5.4M, net 24h flow -8 τ; Liquidity: market cap $8.5M, net 24h flow -10 τ; DSperse: market cap $4.7M, net 24h flow -7 τ; Gradients: market cap $24M, net 24h flow -39 τ; Perturb: market cap $1.1M, net 24h flow -1 τ; Vanta: market cap $48M, net 24h flow -52 τ; Cacheon: market cap $13M, net 24h flow -12 τ; Apex: market cap $10M, net 24h flow -6 τ; MANTIS: market cap $2.9M, net 24h flow -1 τ; Hone: market cap $17M, net 24h flow -3 τ; Ridges: market cap $17M, net 24h flow -2 τ; Parked: market cap $3.9M, net 24h flow -0 τ; CapabilityForge Next: market cap $1.4M, net 24h flow -0 τ; Witness: market cap $3.1M, net 24h flow +0 τ; Dojo: market cap $8.9M, net 24h flow +0 τ; NeverPlayAlone: market cap $2.4M, net 24h flow +0 τ; TAOstatus: market cap $5.5M, net 24h flow +0 τ; lium.io: market cap $138M, net 24h flow +5 τ; Leadpoet: market cap $5.6M, net 24h flow +0 τ; Data Universe: market cap $7.8M, net 24h flow +2 τ; iota: market cap $37M, net 24h flow +9 τ; Gittensor: market cap $4.6M, net 24h flow +2 τ; Quasar: market cap $8.0M, net 24h flow +5 τ; StreetVision by NATIX: market cap $3.2M, net 24h flow +4 τ; sundae_bar: market cap $3.9M, net 24h flow +4 τ; Verathos: market cap $1.6M, net 24h flow +2 τ; TrajectoryRL: market cap $11M, net 24h flow +17 τ; Endure Network: market cap $5.1M, net 24h flow +7 τ; blockmachine: market cap $14M, net 24h flow +29 τ; rec4ll: market cap $2.0M, net 24h flow +2 τ; everyframe.studio: market cap $2.3M, net 24h flow +5 τ; BitMind: market cap $20M, net 24h flow +67 τ; MoirAI: market cap $1.5M, net 24h flow +7 τ; AlphaRidge.ai: market cap $3.5M, net 24h flow +14 τ; Teutonic: market cap $44M, net 24h flow +191 τ; ReadyAI: market cap $5.8M, net 24h flow +40 τ; for sale: market cap $0.5M, net 24h flow +3 τ; Chutes: market cap $131M, net 24h flow +712 τ; Pareton: market cap $9.8M, net 24h flow +60 τ; KubeTEE: market cap $4.0M, net 24h flow +16 τ; Reliquary: market cap $8.7M, net 24h flow +83 τ; MVTRX: market cap $4.6M, net 24h flow +37 τ; Numinous: market cap $4.0M, net 24h flow +42 τ; LongShort: market cap $1.0M, net 24h flow +9 τ; RedTeam: market cap $18M, net 24h flow +82 τ; NIOME: market cap $3.9M, net 24h flow +37 τ; Available: market cap $0.3M, net 24h flow +4 τ; Investing: market cap $4.5M, net 24h flow +45 τ; Finsight: market cap $1.1M, net 24h flow +11 τ; True Performance Network: market cap $3.1M, net 24h flow +47 τ; Actual: market cap $25M, net 24h flow +327 τ; Score: market cap $63M, net 24h flow +947 τ; Cortex: market cap $2.3M, net 24h flow +37 τ; Compute Horde: market cap $7.2M, net 24h flow +222 τ; Swarm: market cap $12M, net 24h flow +235 τ; SOMA: market cap $13M, net 24h flow +186 τ; ORO: market cap $14M, net 24h flow +295 τ; Cathedral: market cap $2.7M, net 24h flow +52 τ; Synth: market cap $7.7M, net 24h flow +240 τ; AdTAO: market cap $5.8M, net 24h flow +185 τ; Green Compute: market cap $16M, net 24h flow +221 τ; Yanez: market cap $11M, net 24h flow +268 τ; Bitcast: market cap $26M, net 24h flow +755 τ; Ormas: market cap $0.3M, net 24h flow +32 τ; CookingTAO: market cap $1.2M, net 24h flow +64 τ. The full directory with sorting and filters is at /subnets.
Network pulse
118 active subnetsNet 24h flow
+900 τ
buys − sells
24h volume
86.6K τ
gross, both sides
Valuation pulse
Explore valuation →Revenue-backed cap
$435M
5 subnets · live
Annualized revenue
$12M
187d old · STALE
Aggregate multiple
37.6×
cap ÷ revenue
Revenue multiple · log scale
13.7× → 87.0×
Revenue coverage
5/128 subnets · 12.3% 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 187 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 4 Atlas Regime: SELECTIVE (medium confidence) Net 24h flow: +900 τ across 118 subnets Breadth: 38 up / 50 down Most bought: Score +947 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.