Daily briefing

October 12, 2026

Atlas Regime

Low confidence

SELECTIVE

The network is moving, but not together — more subnets are being sold than bought. Flow is spread across many subnets.

Regime history · 7d

Oct 6 → Oct 12

  1. D
  2. D
  3. S
  4. D
  5. D
  6. D
  7. S

2026-10-06: DEFENSIVE. 2026-10-07: DEFENSIVE. 2026-10-08: SELECTIVE. 2026-10-09: DEFENSIVE. 2026-10-10: DEFENSIVE. 2026-10-11: DEFENSIVE. 2026-10-12: SELECTIVE

What changed

vs Oct 11
NETWORKAtlas RegimeDEFENSIVESELECTIVE
SN53Capital flowengyInflowOutflow
SN41Capital flowAlmanacOutflowInflow
SN20Capital flow rankWitness#51#8
SN21Capital flow rankAdTAO#104#10
SN24Capital flow rankQuasar#101#7

What to watch today

signals, not recommendations
Confirming-1.3K τ
Score

Second day of outflow · Moderate outflow

-658 τ yesterday, -1.3K τ today — the direction held.

Emerging+437 τ
Hippius

Climbing the flow table · Moderate inflow

Net-flow rank #110 yesterday, #3 today.

Reversing-555 τ
engy

Flipped to outflow · Moderate outflow

Went from +1.2K τ yesterday to -555 τ today.

Unusual-286 τ
OpenRoboto

Turnover spike · Strong outflow

3.6K τ traded against a 5.7K τ pool — 63% 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 · SN56Attune · SN58Bitsec.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 · SN91Cathedral · SN94Actual · SN95Verathos · SN96Albedo · SN97NeverPlayAlone · SN98Cortex · SN100Tag101 · SN101ConnitoAI · SN102TAOstatus · SN104Beam · SN105Nodexo · SN106Minos · SN107ChipForge · SN108Finsight · SN109Green Compute · SN110Claims · SN111for sale · SN112SOMA · SN114MoirAI · SN115Carbon · SN116everyframe.studio · SN117Ditto · SN118CapabilityForge Next · SN119Affine · SN120sundae_bar · SN121CookingTAO · SN122MANTIS · SN123Swarm · SN124Refinery · SN125Attelier · SN126Astrid · SN127ByteLeap · SN128Targon · SN4Vanta · SN8lium.io · SN51Chutes · SN64Bitcast · SN93lium.ioChutesDittoVerathos
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: OpenRoboto: market cap $16M, net 24h flow -286 τ; Ditto: market cap $5.6M, net 24h flow -383 τ; Carbon: market cap $1.9M, net 24h flow -59 τ; ChipForge: market cap $0.5M, net 24h flow -27 τ; KubeTEE: market cap $3.7M, net 24h flow -118 τ; cascade: market cap $2.1M, net 24h flow -85 τ; SOMA: market cap $13M, net 24h flow -247 τ; Minos: market cap $20M, net 24h flow -474 τ; Trishool: market cap $7.0M, net 24h flow -172 τ; RedTeam: market cap $19M, net 24h flow -296 τ; Score: market cap $56M, net 24h flow -1.3K τ; Provenonce: market cap $1.7M, net 24h flow -27 τ; MVTRX: market cap $4.3M, net 24h flow -106 τ; engy: market cap $63M, net 24h flow -555 τ; ConnitoAI: market cap $2.5M, net 24h flow -43 τ; conjectures: market cap $4.4M, net 24h flow -73 τ; Cathedral: market cap $2.3M, net 24h flow -25 τ; Instant: market cap $5.3M, net 24h flow -85 τ; Yanez: market cap $9.3M, net 24h flow -89 τ; Beam: market cap $4.1M, net 24h flow -40 τ; Investing: market cap $4.3M, net 24h flow -37 τ; Albedo: market cap $8.2M, net 24h flow -69 τ; CookingTAO: market cap $1.1M, net 24h flow -8 τ; Allways: market cap $3.8M, net 24h flow -32 τ; ChronoLLM: market cap $11M, net 24h flow -50 τ; Pareton: market cap $9.3M, net 24h flow -79 τ; Ralph: market cap $0.7M, net 24h flow -7 τ; Cacheon: market cap $12M, net 24h flow -115 τ; Synth: market cap $7.5M, net 24h flow -44 τ; 404—GEN: market cap $14M, net 24h flow -93 τ; Vanta: market cap $47M, net 24h flow -282 τ; everyframe.studio: market cap $2.2M, net 24h flow -10 τ; Affine: market cap $55M, net 24h flow -252 τ; Nepher Robotics: market cap $5.2M, net 24h flow -15 τ; CliqueAI: market cap $8.3M, net 24h flow -26 τ; Gittensor: market cap $4.3M, net 24h flow -18 τ; NOVA: market cap $31M, net 24h flow -95 τ; TrajectoryRL: market cap $11M, net 24h flow -43 τ; iota: market cap $36M, net 24h flow -112 τ; ItsAI: market cap $4.7M, net 24h flow -14 τ; Liquidity: market cap $8.1M, net 24h flow -22 τ; Gradients: market cap $23M, net 24h flow -93 τ; Reliquary: market cap $7.8M, net 24h flow -32 τ; Bitcast: market cap $24M, net 24h flow -43 τ; Data Universe: market cap $7.1M, net 24h flow -31 τ; Chutes: market cap $124M, net 24h flow -335 τ; Targon: market cap $88M, net 24h flow -221 τ; MANTIS: market cap $2.8M, net 24h flow -9 τ; Tag101: market cap $2.8M, net 24h flow -6 τ; Numinous: market cap $3.9M, net 24h flow -12 τ; Attelier: market cap $1.9M, net 24h flow -4 τ; GPUForge: market cap $0.8M, net 24h flow -1 τ; Endure Network: market cap $5.1M, net 24h flow -12 τ; Refinery: market cap $2.5M, net 24h flow -6 τ; sundae_bar: market cap $3.5M, net 24h flow -6 τ; InfiniteQuant: market cap $3.9M, net 24h flow -6 τ; Apex: market cap $9.8M, net 24h flow -23 τ; BitMind: market cap $20M, net 24h flow -31 τ; Desearch: market cap $4.5M, net 24h flow -6 τ; DSperse: market cap $4.4M, net 24h flow -5 τ; blockmachine: market cap $13M, net 24h flow -20 τ; AlphaRidge.ai: market cap $3.4M, net 24h flow -4 τ; Astrid: market cap $2.0M, net 24h flow -1 τ; Herald: market cap $2.7M, net 24h flow -1 τ; Ridges: market cap $15M, net 24h flow -10 τ; MoirAI: market cap $1.5M, net 24h flow -1 τ; Teutonic: market cap $42M, net 24h flow -24 τ; Hone: market cap $17M, net 24h flow -9 τ; TAOstatus: market cap $5.3M, net 24h flow -1 τ; Actual: market cap $26M, net 24h flow -4 τ; hoτfloaτ: market cap $4.1M, net 24h flow -1 τ; Dojo: market cap $8.6M, net 24h flow -2 τ; NeverPlayAlone: market cap $2.4M, net 24h flow -0 τ; CapabilityForge Next: market cap $1.4M, net 24h flow -0 τ; ByteLeap: market cap $3.6M, net 24h flow -0 τ; Graphite: market cap $6.0M, net 24h flow -0 τ; Parked: market cap $3.8M, net 24h flow -0 τ; Umi: market cap $1.5M, net 24h flow +2 τ; ReadyAI: market cap $5.2M, net 24h flow +15 τ; Aurelius: market cap $3.9M, net 24h flow +10 τ; Nodexo: market cap $2.6M, net 24h flow +10 τ; Swarm: market cap $11M, net 24h flow +38 τ; ORO: market cap $13M, net 24h flow +46 τ; Perturb: market cap $1.2M, net 24h flow +8 τ; lium.io: market cap $150M, net 24h flow +823 τ; Leadpoet: market cap $7.1M, net 24h flow +34 τ; rec4ll: market cap $1.9M, net 24h flow +12 τ; Bitsec.ai: market cap $6.4M, net 24h flow +54 τ; Enigma: market cap $6.4M, net 24h flow +85 τ; Compute Horde: market cap $6.8M, net 24h flow +102 τ; StreetVision by NATIX: market cap $3.1M, net 24h flow +49 τ; Claims: market cap $5.4M, net 24h flow +50 τ; Attune: market cap $2.2M, net 24h flow +12 τ; Zeus: market cap $6.1M, net 24h flow +103 τ; UR: market cap $9.6M, net 24h flow +148 τ; Vidaio: market cap $8.5M, net 24h flow +160 τ; Green Compute: market cap $18M, net 24h flow +122 τ; NIOME: market cap $3.6M, net 24h flow +75 τ; Hippius: market cap $26M, net 24h flow +437 τ; Cortex: market cap $2.1M, net 24h flow +34 τ; Finsight: market cap $1.4M, net 24h flow +27 τ; AdTAO: market cap $7.9M, net 24h flow +174 τ; SayGM: market cap $37M, net 24h flow +486 τ; True Performance Network: market cap $3.4M, net 24h flow +147 τ; Quasar: market cap $8.8M, net 24h flow +277 τ; Almanac: market cap $10M, net 24h flow +422 τ; for sale: market cap $4.7M, net 24h flow +168 τ; Witness: market cap $3.3M, net 24h flow +214 τ; Orion: market cap $3.5M, net 24h flow +282 τ; Quantum Compute: market cap $7.9M, net 24h flow +403 τ; Harnyx: market cap $1.6M, net 24h flow +86 τ; Verathos: market cap $1.7M, net 24h flow +197 τ. The full directory with sorting and filters is at /subnets.

Network pulse

116 active subnets

Net 24h flow

-1.6K τ

buys − sells

24h volume

102.4K τ

gross, both sides

BoughtSold
35% · 3564 · 65%
Top 5Rest of network
30%70%
TAO $290Strongest momentum Verathos ActiveConcentration is the share of gross flow in the five largest moves.

Valuation pulse

Explore valuation →

Revenue-backed cap

$432M

5 subnets · live

Annualized revenue

$12M

195d old · STALE

Aggregate multiple

37.4×

cap ÷ revenue

Revenue multiple · log scale

12.3× → 94.0×

← Lower multipleHigher multiple →

Revenue coverage

5/128 subnets · 12.6% 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 195 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 12 Atlas Regime: SELECTIVE (low confidence) Net 24h flow: -1.6K τ across 116 subnets Breadth: 35 up / 64 down Most bought: lium.io +823 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.