Daily briefing

October 17, 2026

Archived briefing. These are the numbers as they stood on 2026-10-17 — not recalculated with today's data.

Atlas Regime

High confidence

DEFENSIVE

Capital is leaving subnets broadly — more subnets are being sold than bought.

What changed

vs Oct 16

The network tightened overnight

SELECTIVE → DEFENSIVE

Net flow narrowed 72% to -3.0K τ, while buyers and sellers stayed close to balanced at 32 up / 67 down.

Network

Atlas RegimeSELECTIVEDEFENSIVE
Net flow-10.7K τ-3.0K τ (↑ 72%)

What to watch today

signals, not recommendations
Outflow confirmed-897 τ
engy

Second day of selling · Moderate outflow

-18 τ yesterday, -897 τ today — the direction held.

Reversing+606 τ
Quasar

Flipped to inflow · Strong inflow

Went from -527 τ yesterday to +606 τ today.

Weakening+379 τ
Actual

Losing force · Moderate inflow

+822 τ yesterday down to +379 τ today — same direction, roughly half the size.

Atlas Map

Capital movement across the subnet economy

$1.0M$10M$100MApex · 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 · SN81Noah · SN82CliqueAI · SN83Vidaio · SN85OnSale · SN86Provenonce · SN87Investing · SN88InfiniteQuant · SN89KubeTEE · SN90cascade · SN91REAX · SN92Cathedral · SN94Actual · SN95Verathos · SN96Ingot · SN97Thirty Spokes · SN99Cortex · SN100Tag101 · SN101ConnitoAI · SN102TAOstatus · SN104Beam · SN105Nodexo · SN106Minos · SN107ChipForge · SN108Finsight · SN109Green Compute · SN110Claims · SN111THOR · 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.ioChutesTargonVantaBitcastDSperseUmi← CAPITAL LEAVING29 subnets · -5.7K τCAPITAL ENTERING →13 subnets · +4.1K τMARKET CAP · LOG SCALENEUTRAL ±1% OF POOL
OutflowNeutralInflowExternal revenueSize = liquidity

115 mapped · 13 excluded for

Mapped subnets, from largest outflow to largest inflow: AdTAO: market cap $6.9M, net 24h flow -432 τ; Leadpoet: market cap $6.1M, net 24h flow -298 τ; Umi: market cap $1.2M, net 24h flow -97 τ; OnSale: market cap $0.2M, net 24h flow -31 τ; Verathos: market cap $1.3M, net 24h flow -158 τ; Orion: market cap $3.2M, net 24h flow -292 τ; Beam: market cap $3.6M, net 24h flow -195 τ; Provenonce: market cap $1.3M, net 24h flow -48 τ; Nepher Robotics: market cap $4.5M, net 24h flow -130 τ; everyframe.studio: market cap $1.7M, net 24h flow -70 τ; Pareton: market cap $7.5M, net 24h flow -368 τ; Instant: market cap $4.9M, net 24h flow -193 τ; Yanez: market cap $8.2M, net 24h flow -207 τ; KubeTEE: market cap $4.1M, net 24h flow -103 τ; engy: market cap $61M, net 24h flow -897 τ; cascade: market cap $1.8M, net 24h flow -59 τ; Synth: market cap $6.0M, net 24h flow -188 τ; Noah: market cap $2.5M, net 24h flow -41 τ; ORO: market cap $11M, net 24h flow -239 τ; SayGM: market cap $46M, net 24h flow -475 τ; Almanac: market cap $9.2M, net 24h flow -230 τ; Ditto: market cap $4.0M, net 24h flow -76 τ; Minos: market cap $19M, net 24h flow -290 τ; Reliquary: market cap $6.7M, net 24h flow -225 τ; Ralph: market cap $0.6M, net 24h flow -17 τ; Bitsec.ai: market cap $5.4M, net 24h flow -82 τ; Quantum Compute: market cap $7.3M, net 24h flow -137 τ; OpenRoboto: market cap $16M, net 24h flow -69 τ; Astrid: market cap $1.8M, net 24h flow -29 τ; Cortex: market cap $1.7M, net 24h flow -22 τ; rec4ll: market cap $1.7M, net 24h flow -17 τ; Swarm: market cap $10M, net 24h flow -104 τ; Bitcast: market cap $24M, net 24h flow -211 τ; Vidaio: market cap $7.3M, net 24h flow -101 τ; ReadyAI: market cap $4.4M, net 24h flow -86 τ; StreetVision by NATIX: market cap $2.9M, net 24h flow -40 τ; Score: market cap $53M, net 24h flow -402 τ; True Performance Network: market cap $3.0M, net 24h flow -32 τ; NIOME: market cap $3.1M, net 24h flow -33 τ; Nodexo: market cap $2.6M, net 24h flow -27 τ; lium.io: market cap $147M, net 24h flow -713 τ; Chutes: market cap $115M, net 24h flow -754 τ; Gradients: market cap $22M, net 24h flow -132 τ; CliqueAI: market cap $7.7M, net 24h flow -21 τ; Zeus: market cap $5.8M, net 24h flow -26 τ; Witness: market cap $2.9M, net 24h flow -15 τ; Desearch: market cap $4.0M, net 24h flow -15 τ; Trishool: market cap $6.4M, net 24h flow -16 τ; sundae_bar: market cap $3.3M, net 24h flow -11 τ; Harnyx: market cap $1.4M, net 24h flow -5 τ; Allways: market cap $3.3M, net 24h flow -10 τ; Ridges: market cap $13M, net 24h flow -51 τ; ItsAI: market cap $4.4M, net 24h flow -12 τ; Tag101: market cap $2.7M, net 24h flow -6 τ; ChipForge: market cap $0.3M, net 24h flow -1 τ; Claims: market cap $4.8M, net 24h flow -8 τ; Cacheon: market cap $12M, net 24h flow -33 τ; Investing: market cap $3.9M, net 24h flow -7 τ; Hone: market cap $16M, net 24h flow -42 τ; CookingTAO: market cap $0.9M, net 24h flow -2 τ; NOVA: market cap $27M, net 24h flow -42 τ; Cathedral: market cap $2.2M, net 24h flow -2 τ; Herald: market cap $2.5M, net 24h flow -3 τ; InfiniteQuant: market cap $3.7M, net 24h flow -6 τ; Vanta: market cap $44M, net 24h flow -63 τ; Compute Horde: market cap $6.2M, net 24h flow -9 τ; AlphaRidge.ai: market cap $3.1M, net 24h flow -4 τ; GPUForge: market cap $0.7M, net 24h flow -1 τ; Gittensor: market cap $3.9M, net 24h flow -4 τ; Enigma: market cap $5.8M, net 24h flow -6 τ; MANTIS: market cap $2.6M, net 24h flow -3 τ; BitMind: market cap $18M, net 24h flow -19 τ; Liquidity: market cap $7.6M, net 24h flow -6 τ; Data Universe: market cap $6.3M, net 24h flow -5 τ; ByteLeap: market cap $3.5M, net 24h flow -1 τ; Parked: market cap $3.6M, net 24h flow -1 τ; 404—GEN: market cap $12M, net 24h flow -3 τ; Endure Network: market cap $4.8M, net 24h flow -0 τ; Graphite: market cap $5.6M, net 24h flow -0 τ; Dojo: market cap $8.1M, net 24h flow -0 τ; Refinery: market cap $2.4M, net 24h flow +0 τ; iota: market cap $34M, net 24h flow +8 τ; TAOstatus: market cap $5.0M, net 24h flow +2 τ; Teutonic: market cap $39M, net 24h flow +38 τ; Attelier: market cap $1.8M, net 24h flow +2 τ; Thirty Spokes: market cap $0.4M, net 24h flow +1 τ; RedTeam: market cap $17M, net 24h flow +25 τ; Aurelius: market cap $3.8M, net 24h flow +22 τ; MVTRX: market cap $4.1M, net 24h flow +24 τ; Numinous: market cap $3.5M, net 24h flow +29 τ; Green Compute: market cap $20M, net 24h flow +44 τ; Targon: market cap $85M, net 24h flow +575 τ; ConnitoAI: market cap $2.4M, net 24h flow +15 τ; blockmachine: market cap $13M, net 24h flow +157 τ; Finsight: market cap $1.3M, net 24h flow +8 τ; Affine: market cap $51M, net 24h flow +413 τ; conjectures: market cap $3.8M, net 24h flow +35 τ; Carbon: market cap $1.6M, net 24h flow +10 τ; Apex: market cap $9.5M, net 24h flow +171 τ; TrajectoryRL: market cap $9.4M, net 24h flow +173 τ; CapabilityForge Next: market cap $1.4M, net 24h flow +29 τ; Perturb: market cap $1.1M, net 24h flow +17 τ; REAX: market cap $2.0M, net 24h flow +30 τ; MoirAI: market cap $1.5M, net 24h flow +43 τ; Actual: market cap $28M, net 24h flow +379 τ; hoτfloaτ: market cap $4.0M, net 24h flow +119 τ; Hippius: market cap $26M, net 24h flow +545 τ; ChronoLLM: market cap $12M, net 24h flow +149 τ; Ingot: market cap $7.0M, net 24h flow +241 τ; SOMA: market cap $13M, net 24h flow +245 τ; UR: market cap $8.1M, net 24h flow +316 τ; Attune: market cap $1.5M, net 24h flow +36 τ; THOR: market cap $4.6M, net 24h flow +226 τ; DSperse: market cap $5.5M, net 24h flow +1.1K τ; Quasar: market cap $12M, net 24h flow +606 τ. The full directory with sorting and filters is at /subnets.

Network pulse

121 active subnets

Net 24h flow

-3.0K τ

buys − sells

24h volume

121.7K τ

BoughtSold
32% · 3267 · 68%
ConcentrationRest of network
28%72%
TAO $274Strongest momentum DSperse Heating Up

Valuation pulse

Explore valuation →

Revenue-backed cap

$416M

5 subnets · live

Annualized revenue

$12M

215d old · STALE

Aggregate multiple

36.0×

cap ÷ revenue

Revenue multiple · log scale

12.4× → 92.7×

← Lower multipleHigher multiple →

Revenue coverage

Subnets3.9%

5 / 128

Market cap12.8%

$416M

Flow extremes

View all flows →
↓ OutflowInflow ↑

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Research, not financial advice.