Daily briefing
October 21, 2026
Archived briefing. These are the numbers as they stood on 2026-10-21 — not recalculated with today's data.
Atlas Regime
High confidenceDEFENSIVE
Capital is leaving subnets broadly — more subnets are being sold than bought.
What changed
vs Oct 20The network tightened overnight
SELECTIVE → DEFENSIVE
Net flow widened 69% to -4.9K τ, while buyers and sellers stayed close to balanced at 35 up / 63 down.
Network
What to watch today
signals, not recommendationsSecond day of selling · Moderate outflow
-69 τ yesterday, -963 τ today — the direction held.
Flipped to outflow · Moderate outflow
Went from +542 τ yesterday to -675 τ today.
Losing force · Moderate inflow
+699 τ yesterday down to +278 τ today — same direction, roughly half the size.
Atlas Map
Capital movement across the subnet economy
115 mapped · 13 excluded for
Mapped subnets, from largest outflow to largest inflow: Perturb: market cap $0.7M, net 24h flow -153 τ; Umi: market cap $0.9M, net 24h flow -56 τ; Beam: market cap $3.0M, net 24h flow -201 τ; Finsight: market cap $1.2M, net 24h flow -51 τ; Leadpoet: market cap $5.6M, net 24h flow -182 τ; Minos: market cap $18M, net 24h flow -675 τ; NIOME: market cap $3.6M, net 24h flow -206 τ; ConnitoAI: market cap $2.3M, net 24h flow -99 τ; Actual: market cap $27M, net 24h flow -582 τ; Bitcast: market cap $22M, net 24h flow -521 τ; KubeTEE: market cap $4.3M, net 24h flow -108 τ; Refinery: market cap $2.3M, net 24h flow -96 τ; ChipForge: market cap $0.3M, net 24h flow -12 τ; Hippius: market cap $24M, net 24h flow -612 τ; engy: market cap $55M, net 24h flow -696 τ; Yanez: market cap $7.3M, net 24h flow -152 τ; Synth: market cap $5.7M, net 24h flow -162 τ; REAX: market cap $2.3M, net 24h flow -45 τ; Score: market cap $54M, net 24h flow -963 τ; Ingot: market cap $6.8M, net 24h flow -141 τ; Carbon: market cap $1.5M, net 24h flow -20 τ; Provenonce: market cap $1.3M, net 24h flow -18 τ; NOVA: market cap $25M, net 24h flow -459 τ; MoirAI: market cap $1.4M, net 24h flow -34 τ; Herald: market cap $2.5M, net 24h flow -34 τ; ChronoLLM: market cap $11M, net 24h flow -86 τ; SayGM: market cap $47M, net 24h flow -260 τ; Quasar: market cap $11M, net 24h flow -102 τ; Targon: market cap $85M, net 24h flow -1.1K τ; Ralph: market cap $0.6M, net 24h flow -10 τ; Investing: market cap $3.9M, net 24h flow -45 τ; Attelier: market cap $2.1M, net 24h flow -16 τ; Numinous: market cap $3.5M, net 24h flow -43 τ; Nepher Robotics: market cap $4.6M, net 24h flow -25 τ; Bitsec.ai: market cap $5.2M, net 24h flow -35 τ; Hone: market cap $16M, net 24h flow -152 τ; OpenRoboto: market cap $15M, net 24h flow -27 τ; Ridges: market cap $13M, net 24h flow -114 τ; lium.io: market cap $149M, net 24h flow -680 τ; NeverPlayAlone: market cap $2.3M, net 24h flow -17 τ; Harnyx: market cap $1.4M, net 24h flow -9 τ; sundae_bar: market cap $3.2M, net 24h flow -20 τ; CookingTAO: market cap $0.9M, net 24h flow -5 τ; conjectures: market cap $3.7M, net 24h flow -23 τ; rec4ll: market cap $1.7M, net 24h flow -6 τ; ReadyAI: market cap $4.3M, net 24h flow -33 τ; TrajectoryRL: market cap $9.3M, net 24h flow -51 τ; Allways: market cap $3.3M, net 24h flow -14 τ; CliqueAI: market cap $7.6M, net 24h flow -19 τ; BitMind: market cap $18M, net 24h flow -73 τ; CapabilityForge Next: market cap $1.4M, net 24h flow -5 τ; Reliquary: market cap $6.6M, net 24h flow -28 τ; DaniLabs: market cap $4.6M, net 24h flow -11 τ; MANTIS: market cap $2.7M, net 24h flow -7 τ; Swarm: market cap $11M, net 24h flow -16 τ; Noah: market cap $2.7M, net 24h flow -3 τ; Instant: market cap $4.5M, net 24h flow -9 τ; Enigma: market cap $5.6M, net 24h flow -10 τ; 404—GEN: market cap $12M, net 24h flow -20 τ; ItsAI: market cap $4.3M, net 24h flow -5 τ; InfiniteQuant: market cap $3.6M, net 24h flow -4 τ; Cacheon: market cap $12M, net 24h flow -18 τ; Astrid: market cap $1.8M, net 24h flow -2 τ; Quantum Compute: market cap $7.4M, net 24h flow -7 τ; Teutonic: market cap $36M, net 24h flow -44 τ; MVTRX: market cap $4.0M, net 24h flow -4 τ; Nodexo: market cap $2.5M, net 24h flow -2 τ; Desearch: market cap $4.0M, net 24h flow -2 τ; Thirty Spokes: market cap $0.4M, net 24h flow -0 τ; Tag101: market cap $2.6M, net 24h flow -1 τ; Liquidity: market cap $7.5M, net 24h flow -2 τ; Compute Horde: market cap $6.2M, net 24h flow +1 τ; Parked: market cap $3.5M, net 24h flow +1 τ; Graphite: market cap $5.6M, net 24h flow +2 τ; TAOstatus: market cap $5.0M, net 24h flow +1 τ; Gittensor: market cap $3.8M, net 24h flow +1 τ; hoτfloaτ: market cap $3.9M, net 24h flow +2 τ; Gradients: market cap $22M, net 24h flow +18 τ; Dojo: market cap $8.1M, net 24h flow +7 τ; Apex: market cap $9.2M, net 24h flow +9 τ; GPUForge: market cap $0.7M, net 24h flow +1 τ; AlphaRidge.ai: market cap $3.0M, net 24h flow +3 τ; ByteLeap: market cap $3.4M, net 24h flow +3 τ; StreetVision by NATIX: market cap $2.9M, net 24h flow +6 τ; Witness: market cap $3.0M, net 24h flow +8 τ; Data Universe: market cap $6.3M, net 24h flow +24 τ; blockmachine: market cap $13M, net 24h flow +46 τ; Claims: market cap $4.8M, net 24h flow +8 τ; Vanta: market cap $47M, net 24h flow +129 τ; Chutes: market cap $113M, net 24h flow +335 τ; UR: market cap $7.9M, net 24h flow +22 τ; Endure Network: market cap $4.8M, net 24h flow +20 τ; Zeus: market cap $5.8M, net 24h flow +28 τ; everyframe.studio: market cap $1.7M, net 24h flow +11 τ; Orion: market cap $3.0M, net 24h flow +29 τ; ORO: market cap $11M, net 24h flow +68 τ; Aurelius: market cap $3.7M, net 24h flow +41 τ; Affine: market cap $51M, net 24h flow +556 τ; Pareton: market cap $7.4M, net 24h flow +110 τ; Ditto: market cap $3.6M, net 24h flow +39 τ; iota: market cap $33M, net 24h flow +481 τ; SOMA: market cap $13M, net 24h flow +91 τ; THOR: market cap $6.1M, net 24h flow +65 τ; Green Compute: market cap $21M, net 24h flow +113 τ; Cortex: market cap $1.6M, net 24h flow +24 τ; Vidaio: market cap $7.4M, net 24h flow +165 τ; cascade: market cap $1.7M, net 24h flow +43 τ; Almanac: market cap $11M, net 24h flow +278 τ; Verathos: market cap $1.3M, net 24h flow +53 τ; Cathedral: market cap $2.1M, net 24h flow +51 τ; AdTAO: market cap $6.5M, net 24h flow +243 τ; True Performance Network: market cap $3.3M, net 24h flow +181 τ; Trishool: market cap $6.7M, net 24h flow +424 τ; Attune: market cap $2.1M, net 24h flow +263 τ; RedTeam: market cap $19M, net 24h flow +589 τ. The full directory with sorting and filters is at /subnets.
Network pulse
120 active subnetsNet 24h flow
-4.9K τ
buys − sells
24h volume
154.8K τ
Valuation pulse
Explore valuation →Revenue-backed cap
$431M
7 subnets · live
Annualized revenue
$25M
215d old · STALE
Aggregate multiple
17.0×
cap ÷ revenue
Revenue multiple · log scale
11.7× → 303×
Revenue coverage
7 / 128
$431M
Flow extremes
View all flows →Share this briefing
Research, not financial advice.
