Daily briefing

October 22, 2026

Archived briefing. These are the numbers as they stood on 2026-10-22 — 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 21

Outflow eased

Net flow narrowed 25% to -3.7K τ, while buyers and sellers stayed close to balanced at 44 up / 60 down.

What to watch today

signals, not recommendations
Inflow confirmed+1.0K τ
Vanta

Second day of buying · Moderate inflow

+129 τ yesterday, +1.0K τ today — the direction held.

Reversing-1.5K τ
Affine

Flipped to outflow · Moderate outflow

Went from +556 τ yesterday to -1.5K τ today.

Weakening-69 τ
Leadpoet

Losing force · Moderate outflow

-182 τ yesterday down to -69 τ today — same direction, roughly half the size.

Atlas Map

Capital movement across the subnet economy

$1.0M$10M$100MApex · SN1DaniLabs · SN2Teutonic · SN3Hone · SN5Numinous · SN6Allways · SN7Vanta · SN8iota · 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 · SN50lium.io · SN51Dojo · 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 · SN98Cortex · 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 · SN4Almanac · SN41Chutes · SN64Bitcast · SN93Ditto · SN118ChutesTargonBitcastAlmanacDittolium.ioBeamConnitoAI← CAPITAL LEAVING28 subnets · -7.7K τCAPITAL ENTERING →14 subnets · +4.4K τMARKET CAP · LOG SCALENEUTRAL ±1% OF POOL
OutflowNeutralInflowExternal revenueSize = liquidity

114 mapped · 14 excluded for

Mapped subnets, from largest outflow to largest inflow: KubeTEE: market cap $3.9M, net 24h flow -206 τ; ConnitoAI: market cap $2.0M, net 24h flow -150 τ; Attelier: market cap $1.9M, net 24h flow -103 τ; engy: market cap $49M, net 24h flow -1.3K τ; Ditto: market cap $3.3M, net 24h flow -167 τ; Carbon: market cap $1.3M, net 24h flow -46 τ; Almanac: market cap $9.8M, net 24h flow -466 τ; OpenRoboto: market cap $14M, net 24h flow -164 τ; Nepher Robotics: market cap $4.2M, net 24h flow -116 τ; Pareton: market cap $6.7M, net 24h flow -365 τ; conjectures: market cap $3.3M, net 24h flow -154 τ; Synth: market cap $5.2M, net 24h flow -241 τ; Perturb: market cap $0.7M, net 24h flow -31 τ; Minos: market cap $16M, net 24h flow -429 τ; ChipForge: market cap $0.3M, net 24h flow -13 τ; ORO: market cap $11M, net 24h flow -283 τ; Affine: market cap $47M, net 24h flow -1.5K τ; Verathos: market cap $1.2M, net 24h flow -48 τ; RedTeam: market cap $18M, net 24h flow -300 τ; cascade: market cap $1.6M, net 24h flow -54 τ; SayGM: market cap $44M, net 24h flow -525 τ; Cortex: market cap $1.5M, net 24h flow -37 τ; REAX: market cap $2.2M, net 24h flow -48 τ; blockmachine: market cap $13M, net 24h flow -491 τ; Vidaio: market cap $6.9M, net 24h flow -200 τ; Bitsec.ai: market cap $4.8M, net 24h flow -98 τ; Leadpoet: market cap $5.3M, net 24h flow -69 τ; Provenonce: market cap $1.2M, net 24h flow -17 τ; NOVA: market cap $24M, net 24h flow -376 τ; TrajectoryRL: market cap $8.8M, net 24h flow -159 τ; SOMA: market cap $12M, net 24h flow -70 τ; Cathedral: market cap $2.0M, net 24h flow -15 τ; Quasar: market cap $11M, net 24h flow -73 τ; Yanez: market cap $6.9M, net 24h flow -54 τ; NIOME: market cap $3.4M, net 24h flow -38 τ; Quantum Compute: market cap $7.0M, net 24h flow -66 τ; everyframe.studio: market cap $1.6M, net 24h flow -14 τ; Investing: market cap $3.7M, net 24h flow -25 τ; iota: market cap $32M, net 24h flow -227 τ; Endure Network: market cap $4.5M, net 24h flow -36 τ; UR: market cap $7.5M, net 24h flow -48 τ; Score: market cap $52M, net 24h flow -257 τ; Hippius: market cap $23M, net 24h flow -129 τ; CookingTAO: market cap $0.8M, net 24h flow -5 τ; sundae_bar: market cap $3.0M, net 24h flow -20 τ; Reliquary: market cap $6.3M, net 24h flow -57 τ; Desearch: market cap $3.8M, net 24h flow -26 τ; Teutonic: market cap $34M, net 24h flow -243 τ; Harnyx: market cap $1.3M, net 24h flow -9 τ; rec4ll: market cap $1.6M, net 24h flow -6 τ; Actual: market cap $25M, net 24h flow -80 τ; MVTRX: market cap $3.8M, net 24h flow -20 τ; Data Universe: market cap $6.0M, net 24h flow -48 τ; Attune: market cap $2.0M, net 24h flow -3 τ; Numinous: market cap $3.3M, net 24h flow -18 τ; Herald: market cap $2.4M, net 24h flow -5 τ; Apex: market cap $8.8M, net 24h flow -29 τ; Ralph: market cap $0.6M, net 24h flow -2 τ; ReadyAI: market cap $4.1M, net 24h flow -13 τ; CliqueAI: market cap $7.3M, net 24h flow -8 τ; Cacheon: market cap $11M, net 24h flow -12 τ; Gradients: market cap $21M, net 24h flow +2 τ; ByteLeap: market cap $3.3M, net 24h flow +0 τ; Allways: market cap $3.1M, net 24h flow +0 τ; Hone: market cap $15M, net 24h flow +3 τ; Targon: market cap $82M, net 24h flow +60 τ; Gittensor: market cap $3.6M, net 24h flow +3 τ; Orion: market cap $2.9M, net 24h flow +4 τ; Zeus: market cap $5.6M, net 24h flow +7 τ; ItsAI: market cap $4.2M, net 24h flow +5 τ; Dojo: market cap $7.8M, net 24h flow +16 τ; 404—GEN: market cap $12M, net 24h flow +23 τ; Compute Horde: market cap $5.9M, net 24h flow +13 τ; Parked: market cap $3.4M, net 24h flow +7 τ; Liquidity: market cap $7.2M, net 24h flow +12 τ; Aurelius: market cap $3.5M, net 24h flow +8 τ; Graphite: market cap $5.4M, net 24h flow +14 τ; True Performance Network: market cap $3.2M, net 24h flow +7 τ; Tag101: market cap $2.6M, net 24h flow +4 τ; Refinery: market cap $2.2M, net 24h flow +7 τ; Witness: market cap $2.8M, net 24h flow +9 τ; TAOstatus: market cap $4.8M, net 24h flow +8 τ; Claims: market cap $4.6M, net 24h flow +7 τ; Bitcast: market cap $22M, net 24h flow +39 τ; Enigma: market cap $5.4M, net 24h flow +17 τ; Ridges: market cap $13M, net 24h flow +56 τ; hoτfloaτ: market cap $3.8M, net 24h flow +17 τ; AlphaRidge.ai: market cap $2.9M, net 24h flow +14 τ; StreetVision by NATIX: market cap $2.8M, net 24h flow +14 τ; NeverPlayAlone: market cap $2.2M, net 24h flow +11 τ; Astrid: market cap $1.7M, net 24h flow +7 τ; lium.io: market cap $144M, net 24h flow +502 τ; MANTIS: market cap $2.6M, net 24h flow +17 τ; Noah: market cap $2.6M, net 24h flow +8 τ; InfiniteQuant: market cap $3.5M, net 24h flow +20 τ; Instant: market cap $4.3M, net 24h flow +29 τ; GPUForge: market cap $0.7M, net 24h flow +4 τ; Chutes: market cap $110M, net 24h flow +859 τ; MoirAI: market cap $1.4M, net 24h flow +16 τ; CapabilityForge Next: market cap $1.3M, net 24h flow +28 τ; Swarm: market cap $11M, net 24h flow +151 τ; Vanta: market cap $46M, net 24h flow +1.0K τ; Ingot: market cap $6.8M, net 24h flow +140 τ; ChronoLLM: market cap $11M, net 24h flow +170 τ; BitMind: market cap $18M, net 24h flow +704 τ; Green Compute: market cap $21M, net 24h flow +242 τ; Umi: market cap $0.9M, net 24h flow +25 τ; Finsight: market cap $1.2M, net 24h flow +38 τ; THOR: market cap $6.3M, net 24h flow +200 τ; AdTAO: market cap $6.7M, net 24h flow +320 τ; DaniLabs: market cap $4.8M, net 24h flow +332 τ; Trishool: market cap $7.1M, net 24h flow +390 τ; Beam: market cap $3.2M, net 24h flow +265 τ; Nodexo: market cap $2.8M, net 24h flow +353 τ. The full directory with sorting and filters is at /subnets.

Network pulse

120 active subnets

Net 24h flow

-3.7K τ

buys − sells

24h volume

166.9K τ

BoughtSold
42% · 4460 · 58%
ConcentrationRest of network
34%66%
TAO $260Strongest momentum DaniLabs Active

Valuation pulse

Explore valuation →

Revenue-backed cap

$227M

5 subnets · live

Annualized revenue

$13M

32d old · AGING

Aggregate multiple

16.9×

cap ÷ revenue

Revenue multiple · log scale

10.1× → 273×

← Lower multipleHigher multiple →

Revenue coverage

Subnets3.9%

5 / 128

Market cap7.3%

$227M

Flow extremes

View all flows →
↓ OutflowInflow ↑

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Research, not financial advice.