Daily briefing
October 23, 2026
Archived briefing. These are the numbers as they stood on 2026-10-23 — 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 22Outflow deepened
Net flow widened 88% to -6.9K τ, while fewer subnets were bought than the day before (25 up / 79 down).
Network
What to watch today
signals, not recommendationsSecond day of selling · Strong outflow
-300 τ yesterday, -821 τ today — the direction held.
Flipped to outflow · Moderate outflow
Went from +1.0K τ yesterday to -1.2K τ today.
Losing force · Moderate outflow
-150 τ yesterday down to -64 τ today — same direction, roughly half the size.
Atlas Map
Capital movement across the subnet economy
114 mapped · 14 excluded for
Mapped subnets, from largest outflow to largest inflow: ChronoLLM: market cap $10.0M, net 24h flow -648 τ; Umi: market cap $0.8M, net 24h flow -88 τ; Cathedral: market cap $1.8M, net 24h flow -147 τ; Beam: market cap $2.9M, net 24h flow -273 τ; everyframe.studio: market cap $1.4M, net 24h flow -189 τ; RedTeam: market cap $16M, net 24h flow -821 τ; AdTAO: market cap $6.0M, net 24h flow -486 τ; OpenRoboto: market cap $13M, net 24h flow -331 τ; Provenonce: market cap $1.1M, net 24h flow -72 τ; Vidaio: market cap $6.3M, net 24h flow -620 τ; SayGM: market cap $41M, net 24h flow -1.2K τ; Nepher Robotics: market cap $3.9M, net 24h flow -177 τ; REAX: market cap $2.1M, net 24h flow -122 τ; Ditto: market cap $3.0M, net 24h flow -171 τ; Finsight: market cap $1.2M, net 24h flow -48 τ; NIOME: market cap $3.3M, net 24h flow -164 τ; cascade: market cap $1.5M, net 24h flow -77 τ; Aurelius: market cap $3.4M, net 24h flow -167 τ; KubeTEE: market cap $3.8M, net 24h flow -115 τ; Ingot: market cap $6.5M, net 24h flow -249 τ; Pareton: market cap $6.4M, net 24h flow -319 τ; Swarm: market cap $10M, net 24h flow -278 τ; Actual: market cap $24M, net 24h flow -550 τ; DaniLabs: market cap $4.7M, net 24h flow -175 τ; Leadpoet: market cap $5.1M, net 24h flow -104 τ; ConnitoAI: market cap $1.9M, net 24h flow -64 τ; AlphaRidge.ai: market cap $2.8M, net 24h flow -114 τ; Cortex: market cap $1.5M, net 24h flow -38 τ; BitMind: market cap $18M, net 24h flow -627 τ; MANTIS: market cap $2.5M, net 24h flow -95 τ; Tag101: market cap $2.5M, net 24h flow -58 τ; Bitcast: market cap $21M, net 24h flow -381 τ; Attelier: market cap $1.8M, net 24h flow -35 τ; Harnyx: market cap $1.3M, net 24h flow -35 τ; Vanta: market cap $45M, net 24h flow -1.2K τ; TrajectoryRL: market cap $8.6M, net 24h flow -256 τ; Attune: market cap $2.0M, net 24h flow -16 τ; ByteLeap: market cap $3.2M, net 24h flow -52 τ; Verathos: market cap $1.2M, net 24h flow -28 τ; Bitsec.ai: market cap $4.7M, net 24h flow -73 τ; Herald: market cap $2.3M, net 24h flow -39 τ; ORO: market cap $10M, net 24h flow -145 τ; Instant: market cap $4.3M, net 24h flow -86 τ; GPUForge: market cap $0.7M, net 24h flow -10 τ; CapabilityForge Next: market cap $1.3M, net 24h flow -32 τ; Astrid: market cap $1.7M, net 24h flow -29 τ; Hippius: market cap $23M, net 24h flow -317 τ; Refinery: market cap $2.2M, net 24h flow -48 τ; StreetVision by NATIX: market cap $2.8M, net 24h flow -57 τ; MoirAI: market cap $1.4M, net 24h flow -29 τ; Investing: market cap $3.6M, net 24h flow -49 τ; Affine: market cap $47M, net 24h flow -621 τ; Nodexo: market cap $2.7M, net 24h flow -43 τ; NOVA: market cap $24M, net 24h flow -274 τ; NeverPlayAlone: market cap $2.2M, net 24h flow -31 τ; Zeus: market cap $5.5M, net 24h flow -50 τ; UR: market cap $7.4M, net 24h flow -57 τ; ChipForge: market cap $0.3M, net 24h flow -3 τ; sundae_bar: market cap $3.0M, net 24h flow -24 τ; Ralph: market cap $0.6M, net 24h flow -5 τ; SOMA: market cap $12M, net 24h flow -39 τ; Endure Network: market cap $4.5M, net 24h flow -30 τ; Liquidity: market cap $7.2M, net 24h flow -38 τ; Ridges: market cap $13M, net 24h flow -86 τ; Desearch: market cap $3.8M, net 24h flow -20 τ; ItsAI: market cap $4.2M, net 24h flow -17 τ; 404—GEN: market cap $12M, net 24h flow -54 τ; Apex: market cap $8.7M, net 24h flow -48 τ; Numinous: market cap $3.3M, net 24h flow -13 τ; Hone: market cap $15M, net 24h flow -62 τ; Gittensor: market cap $3.6M, net 24h flow -10 τ; Cacheon: market cap $11M, net 24h flow -41 τ; Score: market cap $52M, net 24h flow -75 τ; Teutonic: market cap $34M, net 24h flow -76 τ; CookingTAO: market cap $0.8M, net 24h flow -1 τ; Reliquary: market cap $6.3M, net 24h flow -13 τ; InfiniteQuant: market cap $3.5M, net 24h flow -4 τ; TAOstatus: market cap $4.8M, net 24h flow -4 τ; Data Universe: market cap $6.0M, net 24h flow -9 τ; Compute Horde: market cap $5.9M, net 24h flow -5 τ; engy: market cap $50M, net 24h flow -14 τ; rec4ll: market cap $1.6M, net 24h flow -0 τ; Chutes: market cap $111M, net 24h flow -30 τ; Parked: market cap $3.4M, net 24h flow -0 τ; Dojo: market cap $7.8M, net 24h flow +1 τ; Allways: market cap $3.1M, net 24h flow +1 τ; CliqueAI: market cap $7.3M, net 24h flow +2 τ; hoτfloaτ: market cap $3.8M, net 24h flow +3 τ; Enigma: market cap $5.5M, net 24h flow +4 τ; Graphite: market cap $5.4M, net 24h flow +5 τ; Claims: market cap $4.6M, net 24h flow +9 τ; blockmachine: market cap $13M, net 24h flow +58 τ; ReadyAI: market cap $4.1M, net 24h flow +27 τ; Minos: market cap $17M, net 24h flow +46 τ; Perturb: market cap $0.7M, net 24h flow +4 τ; Green Compute: market cap $21M, net 24h flow +35 τ; Targon: market cap $83M, net 24h flow +560 τ; Witness: market cap $2.9M, net 24h flow +29 τ; lium.io: market cap $147M, net 24h flow +1.3K τ; iota: market cap $32M, net 24h flow +391 τ; Gradients: market cap $22M, net 24h flow +373 τ; Synth: market cap $5.4M, net 24h flow +93 τ; Almanac: market cap $10M, net 24h flow +194 τ; True Performance Network: market cap $3.2M, net 24h flow +75 τ; conjectures: market cap $3.4M, net 24h flow +83 τ; Yanez: market cap $7.2M, net 24h flow +160 τ; THOR: market cap $6.6M, net 24h flow +150 τ; Quantum Compute: market cap $7.4M, net 24h flow +300 τ; Noah: market cap $2.8M, net 24h flow +91 τ; MVTRX: market cap $4.1M, net 24h flow +254 τ; Quasar: market cap $12M, net 24h flow +506 τ; Carbon: market cap $1.4M, net 24h flow +69 τ; Trishool: market cap $9.1M, net 24h flow +1.1K τ; Orion: market cap $3.3M, net 24h flow +402 τ. The full directory with sorting and filters is at /subnets.
Network pulse
120 active subnetsNet 24h flow
-6.9K τ
buys − sells
24h volume
164.7K τ
Valuation pulse
Explore valuation →Revenue-backed cap
$228M
5 subnets · live
Annualized revenue
$13M
32d old · AGING
Aggregate multiple
17.0×
cap ÷ revenue
Revenue multiple · log scale
10.3× → 254×
Revenue coverage
5 / 128
$228M
Flow extremes
View all flows →Share this briefing
Research, not financial advice.
