Daily briefing

October 25, 2026

Archived briefing. These are the numbers as they stood on 2026-10-25 — not recalculated with today's data.

Atlas Regime

Medium confidence

SELECTIVE

The network is moving, but not together — more subnets are being sold than bought.

What changed

vs Oct 24

The network eased overnight

DEFENSIVE → SELECTIVE

Net flow went from +203 τ to -1.3K τ, while buyers and sellers stayed close to balanced at 32 up / 55 down.

Network

Atlas RegimeDEFENSIVESELECTIVE
Net flow+203 τ-1.3K τ

What to watch today

signals, not recommendations
Inflow confirmed+1.9K τ
lium.io

Second day of buying · Moderate inflow

+1.3K τ yesterday, +1.9K τ today — the direction held.

Reversing-501 τ
BitMind

Flipped to outflow · Moderate outflow

Went from +2.4K τ yesterday to -501 τ today.

Weakening-304 τ
Bitcast

Losing force · Moderate outflow

-2.1K τ yesterday down to -304 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 · SN26Komms · SN27SayGM · SN28Endure Network · SN30rec4ll · SN31ItsAI · SN32ReadyAI · SN33BitMind · SN34ChronoLLM · SN38Ralph · SN40Graphite · SN43Score · SN44AlphaRidge.ai · SN45Instant · SN46Quantum 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.ioInstantcascade← CAPITAL LEAVING19 subnets · -4.2K τCAPITAL ENTERING →18 subnets · +5.0K τMARKET CAP · LOG SCALENEUTRAL ±1% OF POOL
OutflowNeutralInflowExternal revenueSize = liquidity

111 mapped · 17 excluded for

Mapped subnets, from largest outflow to largest inflow: Instant: market cap $3.4M, net 24h flow -577 τ; Umi: market cap $0.7M, net 24h flow -48 τ; SOMA: market cap $11M, net 24h flow -399 τ; MoirAI: market cap $1.2M, net 24h flow -132 τ; CapabilityForge Next: market cap $1.1M, net 24h flow -94 τ; Refinery: market cap $2.0M, net 24h flow -148 τ; REAX: market cap $1.8M, net 24h flow -65 τ; Yanez: market cap $6.5M, net 24h flow -162 τ; Minos: market cap $15M, net 24h flow -350 τ; Trishool: market cap $9.0M, net 24h flow -154 τ; Leadpoet: market cap $4.7M, net 24h flow -71 τ; ReadyAI: market cap $3.8M, net 24h flow -172 τ; Bitcast: market cap $17M, net 24h flow -304 τ; BitMind: market cap $19M, net 24h flow -501 τ; RedTeam: market cap $14M, net 24h flow -173 τ; StreetVision by NATIX: market cap $2.6M, net 24h flow -73 τ; engy: market cap $47M, net 24h flow -404 τ; Synth: market cap $5.2M, net 24h flow -105 τ; Apex: market cap $8.2M, net 24h flow -235 τ; Affine: market cap $45M, net 24h flow -729 τ; Data Universe: market cap $5.6M, net 24h flow -155 τ; Attune: market cap $2.0M, net 24h flow -11 τ; THOR: market cap $5.9M, net 24h flow -58 τ; Hone: market cap $14M, net 24h flow -257 τ; ORO: market cap $10M, net 24h flow -98 τ; ChipForge: market cap $0.3M, net 24h flow -4 τ; Verathos: market cap $1.0M, net 24h flow -12 τ; Ingot: market cap $6.1M, net 24h flow -56 τ; Chutes: market cap $105M, net 24h flow -966 τ; Pareton: market cap $6.0M, net 24h flow -65 τ; conjectures: market cap $3.2M, net 24h flow -28 τ; Reliquary: market cap $5.9M, net 24h flow -71 τ; Vanta: market cap $43M, net 24h flow -358 τ; Quantum Compute: market cap $7.9M, net 24h flow -50 τ; sundae_bar: market cap $2.8M, net 24h flow -21 τ; Ralph: market cap $0.6M, net 24h flow -5 τ; Harnyx: market cap $1.2M, net 24h flow -8 τ; Vidaio: market cap $5.7M, net 24h flow -38 τ; TrajectoryRL: market cap $9.0M, net 24h flow -61 τ; CliqueAI: market cap $6.9M, net 24h flow -23 τ; Cortex: market cap $1.3M, net 24h flow -6 τ; NOVA: market cap $22M, net 24h flow -101 τ; Gradients: market cap $21M, net 24h flow -119 τ; Zeus: market cap $5.2M, net 24h flow -21 τ; True Performance Network: market cap $2.9M, net 24h flow -12 τ; UR: market cap $6.7M, net 24h flow -24 τ; ConnitoAI: market cap $1.8M, net 24h flow -6 τ; InfiniteQuant: market cap $3.4M, net 24h flow -12 τ; NeverPlayAlone: market cap $2.1M, net 24h flow -7 τ; Teutonic: market cap $33M, net 24h flow -108 τ; Swarm: market cap $9.7M, net 24h flow -17 τ; blockmachine: market cap $12M, net 24h flow -42 τ; Cacheon: market cap $11M, net 24h flow -31 τ; Score: market cap $50M, net 24h flow -65 τ; 404—GEN: market cap $11M, net 24h flow -20 τ; Ditto: market cap $3.1M, net 24h flow -4 τ; Endure Network: market cap $4.2M, net 24h flow -6 τ; Beam: market cap $2.8M, net 24h flow -3 τ; everyframe.studio: market cap $1.3M, net 24h flow -2 τ; Herald: market cap $2.2M, net 24h flow -2 τ; Noah: market cap $2.9M, net 24h flow -2 τ; CookingTAO: market cap $0.7M, net 24h flow -1 τ; Liquidity: market cap $6.8M, net 24h flow -5 τ; ItsAI: market cap $3.9M, net 24h flow -2 τ; MANTIS: market cap $2.4M, net 24h flow -1 τ; Attelier: market cap $1.7M, net 24h flow -0 τ; Witness: market cap $2.7M, net 24h flow -0 τ; Compute Horde: market cap $5.6M, net 24h flow -0 τ; Dojo: market cap $7.4M, net 24h flow -0 τ; Parked: market cap $3.1M, net 24h flow +0 τ; TAOstatus: market cap $4.5M, net 24h flow +0 τ; Claims: market cap $4.3M, net 24h flow +0 τ; ByteLeap: market cap $3.0M, net 24h flow +0 τ; Investing: market cap $3.3M, net 24h flow +0 τ; Allways: market cap $3.0M, net 24h flow +0 τ; Tag101: market cap $2.3M, net 24h flow +0 τ; iota: market cap $31M, net 24h flow +9 τ; Graphite: market cap $5.1M, net 24h flow +3 τ; Desearch: market cap $3.7M, net 24h flow +3 τ; Numinous: market cap $3.3M, net 24h flow +4 τ; Ridges: market cap $12M, net 24h flow +20 τ; rec4ll: market cap $1.5M, net 24h flow +2 τ; Nepher Robotics: market cap $3.6M, net 24h flow +4 τ; AlphaRidge.ai: market cap $2.7M, net 24h flow +7 τ; AdTAO: market cap $5.9M, net 24h flow +11 τ; Gittensor: market cap $3.5M, net 24h flow +21 τ; ChronoLLM: market cap $7.4M, net 24h flow +32 τ; Carbon: market cap $1.3M, net 24h flow +6 τ; Actual: market cap $23M, net 24h flow +130 τ; Nodexo: market cap $2.3M, net 24h flow +34 τ; Targon: market cap $81M, net 24h flow +977 τ; Bitsec.ai: market cap $4.4M, net 24h flow +59 τ; Enigma: market cap $6.5M, net 24h flow +113 τ; lium.io: market cap $146M, net 24h flow +1.9K τ; Komms: market cap $3.1M, net 24h flow +71 τ; Finsight: market cap $1.1M, net 24h flow +20 τ; Quasar: market cap $11M, net 24h flow +174 τ; Astrid: market cap $1.8M, net 24h flow +46 τ; SayGM: market cap $37M, net 24h flow +442 τ; Hippius: market cap $23M, net 24h flow +654 τ; NIOME: market cap $3.3M, net 24h flow +121 τ; MVTRX: market cap $3.7M, net 24h flow +141 τ; Perturb: market cap $0.6M, net 24h flow +27 τ; DaniLabs: market cap $4.6M, net 24h flow +177 τ; Almanac: market cap $10M, net 24h flow +367 τ; Green Compute: market cap $19M, net 24h flow +253 τ; KubeTEE: market cap $3.8M, net 24h flow +132 τ; OpenRoboto: market cap $13M, net 24h flow +161 τ; Provenonce: market cap $1.0M, net 24h flow +37 τ; cascade: market cap $1.6M, net 24h flow +181 τ; Cathedral: market cap $1.8M, net 24h flow +125 τ. The full directory with sorting and filters is at /subnets.

Network pulse

120 active subnets

Net 24h flow

-1.3K τ

buys − sells

24h volume

72.3K τ

BoughtSold
37% · 3255 · 63%
ConcentrationRest of network
36%64%
TAO $247Strongest momentum Ormas Active

Valuation pulse

Explore valuation →

Revenue-backed cap

$216M

5 subnets · live

Annualized revenue

$13M

32d old · AGING

Aggregate multiple

16.1×

cap ÷ revenue

Revenue multiple · log scale

10.0× → 254×

← Lower multipleHigher multiple →

Revenue coverage

Subnets3.9%

5 / 128

Market cap7.4%

$216M

Flow extremes

View all flows →
↓ OutflowInflow ↑

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Research, not financial advice.