Daily briefing

October 19, 2026

Archived briefing. These are the numbers as they stood on 2026-10-19 — 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 18

The network tightened overnight

SELECTIVE → DEFENSIVE

Net flow widened 780% to -7.5K τ, while fewer subnets were bought than the day before (29 up / 75 down).

What to watch today

signals, not recommendations
Outflow confirmed-1.9K τ
Teutonic

Second day of selling · Moderate outflow

-186 τ yesterday, -1.9K τ today — the direction held.

Reversing-994 τ
SayGM

Flipped to outflow · Moderate outflow

Went from +171 τ yesterday to -994 τ today.

Emerging+374 τ
Almanac

Climbing the flow table · Moderate inflow

Net-flow rank #16 yesterday, #3 today.

Atlas Map

Capital movement across the subnet economy

$1.0M$10M$100MApex · SN1DaniLabs · 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 · SN40Graphite · 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 · SN85Provenonce · SN87Investing · SN88InfiniteQuant · SN89KubeTEE · SN90cascade · SN91REAX · SN92Cathedral · SN94Actual · SN95Verathos · SN96Ingot · SN97NeverPlayAlone · SN98Thirty Spokes · SN99Cortex · SN100Tag101 · SN101ConnitoAI · SN102TAOstatus · SN104Beam · SN105Nodexo · SN106Minos · SN107ChipForge · SN108Finsight · SN109Green Compute · SN110Claims · SN111THOR · SN112SOMA · SN114MoirAI · SN115Carbon · SN116everyframe.studio · SN117CapabilityForge Next · SN119Affine · SN120sundae_bar · SN121CookingTAO · SN122MANTIS · SN123Swarm · SN124Refinery · SN125Attelier · SN126Astrid · SN127ByteLeap · SN128Targon · SN4Vanta · SN8Almanac · SN41lium.io · SN51Chutes · SN64Bitcast · SN93Ditto · SN118lium.ioChutesTargonVantaBitcastAlmanacDittoLeadpoetAdTAO← CAPITAL LEAVING22 subnets · -8.2K τCAPITAL ENTERING →9 subnets · +2.1K 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 $5.8M, net 24h flow -352 τ; SayGM: market cap $43M, net 24h flow -994 τ; engy: market cap $57M, net 24h flow -1.4K τ; Carbon: market cap $1.5M, net 24h flow -47 τ; Ditto: market cap $3.6M, net 24h flow -146 τ; Verathos: market cap $1.3M, net 24h flow -64 τ; Teutonic: market cap $36M, net 24h flow -1.9K τ; Bitcast: market cap $23M, net 24h flow -634 τ; cascade: market cap $1.7M, net 24h flow -69 τ; iota: market cap $32M, net 24h flow -1.2K τ; OpenRoboto: market cap $15M, net 24h flow -119 τ; Umi: market cap $1.1M, net 24h flow -22 τ; Minos: market cap $17M, net 24h flow -338 τ; conjectures: market cap $3.6M, net 24h flow -95 τ; Orion: market cap $3.0M, net 24h flow -92 τ; Instant: market cap $4.7M, net 24h flow -121 τ; Attune: market cap $1.4M, net 24h flow -14 τ; Herald: market cap $2.4M, net 24h flow -43 τ; REAX: market cap $2.4M, net 24h flow -31 τ; ORO: market cap $11M, net 24h flow -150 τ; Quasar: market cap $12M, net 24h flow -135 τ; Apex: market cap $9.1M, net 24h flow -231 τ; ReadyAI: market cap $4.3M, net 24h flow -121 τ; Synth: market cap $5.9M, net 24h flow -87 τ; MoirAI: market cap $1.5M, net 24h flow -29 τ; DaniLabs: market cap $5.1M, net 24h flow -68 τ; Zeus: market cap $5.7M, net 24h flow -80 τ; Beam: market cap $3.5M, net 24h flow -34 τ; MVTRX: market cap $4.0M, net 24h flow -51 τ; Ingot: market cap $6.7M, net 24h flow -79 τ; SOMA: market cap $13M, net 24h flow -66 τ; Cortex: market cap $1.7M, net 24h flow -14 τ; Cathedral: market cap $2.0M, net 24h flow -14 τ; Affine: market cap $50M, net 24h flow -414 τ; Witness: market cap $2.9M, net 24h flow -35 τ; Reliquary: market cap $6.6M, net 24h flow -81 τ; KubeTEE: market cap $4.1M, net 24h flow -24 τ; Hippius: market cap $25M, net 24h flow -158 τ; blockmachine: market cap $13M, net 24h flow -142 τ; BitMind: market cap $18M, net 24h flow -159 τ; Trishool: market cap $6.1M, net 24h flow -34 τ; Chutes: market cap $112M, net 24h flow -779 τ; Thirty Spokes: market cap $0.4M, net 24h flow -2 τ; CookingTAO: market cap $0.9M, net 24h flow -5 τ; Harnyx: market cap $1.3M, net 24h flow -9 τ; Ridges: market cap $13M, net 24h flow -82 τ; InfiniteQuant: market cap $3.6M, net 24h flow -17 τ; Astrid: market cap $1.8M, net 24h flow -8 τ; Aurelius: market cap $3.7M, net 24h flow -21 τ; CliqueAI: market cap $7.5M, net 24h flow -22 τ; Ralph: market cap $0.6M, net 24h flow -4 τ; Desearch: market cap $3.9M, net 24h flow -19 τ; ConnitoAI: market cap $2.4M, net 24h flow -8 τ; UR: market cap $8.1M, net 24h flow -30 τ; Attelier: market cap $1.8M, net 24h flow -6 τ; AlphaRidge.ai: market cap $3.0M, net 24h flow -14 τ; Graphite: market cap $5.5M, net 24h flow -28 τ; RedTeam: market cap $17M, net 24h flow -32 τ; Tag101: market cap $2.6M, net 24h flow -7 τ; Swarm: market cap $10M, net 24h flow -24 τ; sundae_bar: market cap $3.2M, net 24h flow -10 τ; StreetVision by NATIX: market cap $2.9M, net 24h flow -10 τ; Hone: market cap $15M, net 24h flow -43 τ; TrajectoryRL: market cap $9.1M, net 24h flow -24 τ; ItsAI: market cap $4.3M, net 24h flow -8 τ; Data Universe: market cap $6.2M, net 24h flow -21 τ; Numinous: market cap $3.5M, net 24h flow -9 τ; NOVA: market cap $26M, net 24h flow -46 τ; Nodexo: market cap $2.6M, net 24h flow -6 τ; NeverPlayAlone: market cap $2.2M, net 24h flow -4 τ; Yanez: market cap $8.2M, net 24h flow -8 τ; Endure Network: market cap $4.7M, net 24h flow -7 τ; Compute Horde: market cap $6.1M, net 24h flow -9 τ; Claims: market cap $4.7M, net 24h flow -4 τ; hoτfloaτ: market cap $3.9M, net 24h flow -6 τ; Actual: market cap $27M, net 24h flow -8 τ; Liquidity: market cap $7.5M, net 24h flow -2 τ; Refinery: market cap $2.3M, net 24h flow -1 τ; TAOstatus: market cap $4.9M, net 24h flow -0 τ; GPUForge: market cap $0.7M, net 24h flow +0 τ; ByteLeap: market cap $3.4M, net 24h flow +0 τ; 404—GEN: market cap $12M, net 24h flow +1 τ; Dojo: market cap $8.0M, net 24h flow +1 τ; Gittensor: market cap $3.8M, net 24h flow +0 τ; Parked: market cap $3.5M, net 24h flow +1 τ; MANTIS: market cap $2.6M, net 24h flow +1 τ; everyframe.studio: market cap $1.7M, net 24h flow +1 τ; Gradients: market cap $22M, net 24h flow +23 τ; Enigma: market cap $5.7M, net 24h flow +5 τ; CapabilityForge Next: market cap $1.4M, net 24h flow +2 τ; Targon: market cap $85M, net 24h flow +166 τ; Vanta: market cap $44M, net 24h flow +142 τ; ChronoLLM: market cap $11M, net 24h flow +17 τ; Investing: market cap $3.8M, net 24h flow +11 τ; Pareton: market cap $7.3M, net 24h flow +32 τ; Quantum Compute: market cap $7.2M, net 24h flow +30 τ; Allways: market cap $3.3M, net 24h flow +15 τ; Nepher Robotics: market cap $4.5M, net 24h flow +17 τ; NIOME: market cap $3.1M, net 24h flow +26 τ; Cacheon: market cap $12M, net 24h flow +111 τ; lium.io: market cap $147M, net 24h flow +811 τ; rec4ll: market cap $1.7M, net 24h flow +8 τ; Provenonce: market cap $1.3M, net 24h flow +12 τ; Bitsec.ai: market cap $5.3M, net 24h flow +54 τ; THOR: market cap $5.5M, net 24h flow +51 τ; Vidaio: market cap $7.2M, net 24h flow +129 τ; Noah: market cap $2.7M, net 24h flow +31 τ; Perturb: market cap $1.1M, net 24h flow +22 τ; True Performance Network: market cap $3.1M, net 24h flow +79 τ; Score: market cap $55M, net 24h flow +943 τ; ChipForge: market cap $0.4M, net 24h flow +12 τ; Green Compute: market cap $22M, net 24h flow +235 τ; Almanac: market cap $9.4M, net 24h flow +374 τ; Leadpoet: market cap $6.6M, net 24h flow +337 τ; Finsight: market cap $1.4M, net 24h flow +50 τ. The full directory with sorting and filters is at /subnets.

Network pulse

121 active subnets

Net 24h flow

-7.5K τ

buys − sells

24h volume

96.2K τ

BoughtSold
28% · 2975 · 72%
ConcentrationRest of network
43%57%
TAO $269Strongest momentum Leadpoet Active

Valuation pulse

Explore valuation →

Revenue-backed cap

$424M

7 subnets · live

Annualized revenue

$25M

215d old · STALE

Aggregate multiple

16.7×

cap ÷ revenue

Revenue multiple · log scale

11.6× → 298×

← Lower multipleHigher multiple →

Revenue coverage

Subnets5.5%

7 / 128

Market cap13.3%

$424M

Flow extremes

View all flows →
↓ OutflowInflow ↑

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Research, not financial advice.