Daily briefing
October 28, 2026
Archived briefing. These are the numbers as they stood on 2026-10-28 — 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 27The network tightened overnight
SELECTIVE → DEFENSIVE
Net flow went from +738 τ to -1.7K τ, while fewer subnets were bought than the day before (37 up / 65 down).
Network
What to watch today
signals, not recommendationsSecond day of selling · Moderate outflow
-42 τ yesterday, -841 τ today — the direction held.
Flipped to inflow · Moderate inflow
Went from -1.4K τ yesterday to +3.6K τ today.
Losing force · Moderate outflow
-236 τ yesterday down to -95 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: Quantum Compute: market cap $9.2M, net 24h flow -566 τ; Yanez: market cap $6.7M, net 24h flow -325 τ; Nepher Robotics: market cap $3.6M, net 24h flow -137 τ; REAX: market cap $1.6M, net 24h flow -95 τ; Enigma: market cap $7.5M, net 24h flow -399 τ; RedTeam: market cap $13M, net 24h flow -380 τ; Ditto: market cap $3.1M, net 24h flow -138 τ; Cortex: market cap $1.5M, net 24h flow -56 τ; Bitcast: market cap $17M, net 24h flow -498 τ; THOR: market cap $6.7M, net 24h flow -145 τ; ORO: market cap $11M, net 24h flow -277 τ; Bitsec.ai: market cap $4.3M, net 24h flow -121 τ; Astrid: market cap $2.0M, net 24h flow -59 τ; Elenost: market cap $3.1M, net 24h flow -122 τ; ConnitoAI: market cap $1.9M, net 24h flow -56 τ; Cathedral: market cap $1.7M, net 24h flow -32 τ; Gittensor: market cap $3.7M, net 24h flow -86 τ; Trishool: market cap $9.1M, net 24h flow -138 τ; Komms: market cap $3.0M, net 24h flow -90 τ; Perturb: market cap $0.6M, net 24h flow -19 τ; cascade: market cap $1.9M, net 24h flow -46 τ; KubeTEE: market cap $3.8M, net 24h flow -68 τ; Score: market cap $50M, net 24h flow -841 τ; Affine: market cap $48M, net 24h flow -937 τ; NOVA: market cap $23M, net 24h flow -452 τ; Liquidity: market cap $6.9M, net 24h flow -127 τ; GPUForge: market cap $0.7M, net 24h flow -10 τ; NIOME: market cap $3.6M, net 24h flow -64 τ; MVTRX: market cap $3.9M, net 24h flow -64 τ; Yugos: market cap $20M, net 24h flow -341 τ; Desearch: market cap $3.7M, net 24h flow -64 τ; TrajectoryRL: market cap $9.3M, net 24h flow -161 τ; AdTAO: market cap $6.2M, net 24h flow -69 τ; Leadpoet: market cap $4.8M, net 24h flow -39 τ; Ridges: market cap $12M, net 24h flow -211 τ; Finsight: market cap $1.0M, net 24h flow -9 τ; Nodexo: market cap $2.3M, net 24h flow -39 τ; everyframe.studio: market cap $1.3M, net 24h flow -14 τ; Pareton: market cap $6.3M, net 24h flow -82 τ; iota: market cap $31M, net 24h flow -299 τ; Verathos: market cap $1.1M, net 24h flow -12 τ; Claims: market cap $4.4M, net 24h flow -28 τ; Vanta: market cap $44M, net 24h flow -414 τ; Zeus: market cap $5.4M, net 24h flow -43 τ; Harnyx: market cap $1.2M, net 24h flow -8 τ; 404—GEN: market cap $11M, net 24h flow -74 τ; rec4ll: market cap $1.5M, net 24h flow -5 τ; UR: market cap $7.1M, net 24h flow -32 τ; Ralph: market cap $0.6M, net 24h flow -3 τ; MANTIS: market cap $2.5M, net 24h flow -15 τ; CliqueAI: market cap $7.1M, net 24h flow -21 τ; Herald: market cap $2.3M, net 24h flow -8 τ; Instant: market cap $3.6M, net 24h flow -16 τ; Chutes: market cap $108M, net 24h flow -281 τ; SOMA: market cap $11M, net 24h flow -14 τ; lium.io: market cap $156M, net 24h flow -245 τ; Teutonic: market cap $34M, net 24h flow -92 τ; InfiniteQuant: market cap $3.5M, net 24h flow -7 τ; ItsAI: market cap $4.0M, net 24h flow -7 τ; Numinous: market cap $3.3M, net 24h flow -7 τ; Actual: market cap $23M, net 24h flow -17 τ; Hippius: market cap $24M, net 24h flow -23 τ; Cacheon: market cap $11M, net 24h flow -15 τ; Hone: market cap $14M, net 24h flow -18 τ; Gradients: market cap $21M, net 24h flow -22 τ; ReadyAI: market cap $4.0M, net 24h flow -5 τ; Endure Network: market cap $4.4M, net 24h flow -1 τ; sundae_bar: market cap $2.9M, net 24h flow -1 τ; Noah: market cap $2.8M, net 24h flow -0 τ; Dojo: market cap $7.6M, net 24h flow -1 τ; AlphaRidge.ai: market cap $2.8M, net 24h flow +0 τ; blockmachine: market cap $12M, net 24h flow +5 τ; hoτfloaτ: market cap $3.6M, net 24h flow +1 τ; Data Universe: market cap $5.8M, net 24h flow +3 τ; Compute Horde: market cap $5.8M, net 24h flow +5 τ; Aurelius: market cap $3.3M, net 24h flow +3 τ; NeverPlayAlone: market cap $2.1M, net 24h flow +2 τ; Refinery: market cap $2.0M, net 24h flow +2 τ; TAOstatus: market cap $4.6M, net 24h flow +3 τ; Apex: market cap $8.3M, net 24h flow +13 τ; Graphite: market cap $5.3M, net 24h flow +7 τ; ByteLeap: market cap $3.1M, net 24h flow +3 τ; Vidaio: market cap $5.9M, net 24h flow +11 τ; CookingTAO: market cap $0.8M, net 24h flow +1 τ; Tag101: market cap $2.4M, net 24h flow +4 τ; Almanac: market cap $10M, net 24h flow +20 τ; Witness: market cap $2.8M, net 24h flow +14 τ; OpenRoboto: market cap $12M, net 24h flow +16 τ; True Performance Network: market cap $2.8M, net 24h flow +16 τ; Allways: market cap $3.1M, net 24h flow +16 τ; SayGM: market cap $43M, net 24h flow +95 τ; CapabilityForge Next: market cap $1.2M, net 24h flow +11 τ; Reliquary: market cap $6.0M, net 24h flow +60 τ; Investing: market cap $3.5M, net 24h flow +25 τ; conjectures: market cap $3.4M, net 24h flow +29 τ; Attelier: market cap $1.8M, net 24h flow +13 τ; StreetVision by NATIX: market cap $2.7M, net 24h flow +32 τ; MoirAI: market cap $1.3M, net 24h flow +19 τ; Swarm: market cap $10.0M, net 24h flow +74 τ; Minos: market cap $16M, net 24h flow +162 τ; ChronoLLM: market cap $8.1M, net 24h flow +76 τ; Synth: market cap $5.3M, net 24h flow +101 τ; engy: market cap $49M, net 24h flow +472 τ; ChipForge: market cap $0.3M, net 24h flow +9 τ; Ingot: market cap $6.6M, net 24h flow +177 τ; Attune: market cap $2.3M, net 24h flow +26 τ; Green Compute: market cap $21M, net 24h flow +243 τ; Beam: market cap $3.2M, net 24h flow +95 τ; DaniLabs: market cap $5.0M, net 24h flow +211 τ; Targon: market cap $87M, net 24h flow +3.6K τ; ms.computer: market cap $14M, net 24h flow +1.4K τ; Umi: market cap $0.9M, net 24h flow +52 τ; Provenonce: market cap $1.4M, net 24h flow +130 τ; Terza Inference: market cap $0.3M, net 24h flow +54 τ; Carbon: market cap $1.5M, net 24h flow +71 τ. The full directory with sorting and filters is at /subnets.
Network pulse
120 active subnetsNet 24h flow
-1.7K τ
buys − sells
24h volume
140.6K τ
Valuation pulse
Explore valuation →Revenue-backed cap
$225M
5 subnets · live
Annualized revenue
$13M
32d old · AGING
Aggregate multiple
16.8×
cap ÷ revenue
Revenue multiple · log scale
10.7× → 258×
Revenue coverage
5 / 128
$225M
Flow extremes
View all flows →Share this briefing
Research, not financial advice.
