Daily briefing

November 2, 2026

Atlas Regime

High confidence

DEFENSIVE

Capital is leaving subnets broadly — buyers and sellers are evenly split.

Regime history · 7d

Oct 27 → Nov 2

  1. S
  2. D
  3. D
  4. D
  5. S
  6. D
  7. D

2026-10-27: SELECTIVE. 2026-10-28: DEFENSIVE. 2026-10-29: DEFENSIVE. 2026-10-30: DEFENSIVE. 2026-10-31: SELECTIVE. 2026-11-01: DEFENSIVE. 2026-11-02: DEFENSIVE

What changed

vs Nov 1

Outflow deepened

Net flow widened 256% to -7.4K τ, while buyers and sellers stayed close to balanced at 46 up / 55 down.

What to watch today

signals, not recommendations
Outflow confirmed-4.4K τ
lium.io

Second day of selling · Moderate outflow

-656 τ yesterday, -4.4K τ today — the direction held.

Reversing+620 τ
ChronoLLM

Flipped to inflow · Exceptional inflow

Went from -23 τ yesterday to +620 τ today.

Weakening-411 τ
SayGM

Losing force · Moderate outflow

-1.0K τ yesterday down to -411 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 · SN23ms.computer · SN24UR · SN25Perturb · SN26Komms · SN27SayGM · SN28hoτfloaτ · SN29Endure Network · SN30rec4ll · SN31ItsAI · SN32ReadyAI · SN33Yugos · 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 · SN72Elenost · SN73Gittensor · SN74Hippius · SN75Liquidity · SN77Umi · SN78MVTRX · SN79OpenRoboto · SN80Reliquary · SN81Noah · SN82CliqueAI · SN83Vidaio · SN85Provenonce · SN87Investing · SN88InfiniteQuant · SN89KubeTEE · SN90cascade · SN91REAX · SN92Cathedral · SN94Actual · SN95Verathos · SN96Ingot · SN97NeverPlayAlone · SN98Cortex · SN100Tag101 · SN101ConnitoAI · SN102Terza Inference · SN103TAOstatus · 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.ioeveryframe.studio← CAPITAL LEAVING17 subnets · -8.8K τCAPITAL ENTERING →19 subnets · +3.7K τMARKET CAP · LOG SCALENEUTRAL ±1% OF POOL
OutflowNeutralInflowExternal revenueSize = liquidity

115 mapped · 13 excluded for

Mapped subnets, from largest outflow to largest inflow: NeverPlayAlone: market cap $2.0M, net 24h flow -345 τ; Ditto: market cap $2.4M, net 24h flow -464 τ; CookingTAO: market cap $0.6M, net 24h flow -45 τ; Enigma: market cap $5.9M, net 24h flow -460 τ; Almanac: market cap $9.8M, net 24h flow -489 τ; Attune: market cap $1.9M, net 24h flow -37 τ; Provenonce: market cap $1.3M, net 24h flow -44 τ; 404—GEN: market cap $9.4M, net 24h flow -549 τ; TrajectoryRL: market cap $7.5M, net 24h flow -450 τ; lium.io: market cap $142M, net 24h flow -4.4K τ; REAX: market cap $1.9M, net 24h flow -61 τ; Trishool: market cap $8.1M, net 24h flow -144 τ; SayGM: market cap $36M, net 24h flow -411 τ; ReadyAI: market cap $3.5M, net 24h flow -165 τ; engy: market cap $42M, net 24h flow -510 τ; Verathos: market cap $1.0M, net 24h flow -29 τ; Green Compute: market cap $18M, net 24h flow -117 τ; Reliquary: market cap $5.4M, net 24h flow -155 τ; SOMA: market cap $8.7M, net 24h flow -84 τ; Ingot: market cap $5.7M, net 24h flow -86 τ; Chutes: market cap $97M, net 24h flow -1.5K τ; Finsight: market cap $0.9M, net 24h flow -9 τ; Quantum Compute: market cap $11M, net 24h flow -113 τ; Noah: market cap $2.8M, net 24h flow -18 τ; Actual: market cap $20M, net 24h flow -158 τ; Ralph: market cap $0.5M, net 24h flow -7 τ; Data Universe: market cap $5.1M, net 24h flow -98 τ; Synth: market cap $4.6M, net 24h flow -53 τ; Astrid: market cap $2.7M, net 24h flow -21 τ; conjectures: market cap $2.9M, net 24h flow -31 τ; Zeus: market cap $4.8M, net 24h flow -48 τ; THOR: market cap $5.3M, net 24h flow -30 τ; Perturb: market cap $0.6M, net 24h flow -6 τ; Targon: market cap $80M, net 24h flow -471 τ; Harnyx: market cap $1.1M, net 24h flow -8 τ; AlphaRidge.ai: market cap $2.5M, net 24h flow -19 τ; CliqueAI: market cap $6.3M, net 24h flow -24 τ; Yugos: market cap $16M, net 24h flow -108 τ; Affine: market cap $43M, net 24h flow -221 τ; Liquidity: market cap $6.1M, net 24h flow -33 τ; ORO: market cap $8.8M, net 24h flow -40 τ; Cacheon: market cap $11M, net 24h flow -72 τ; Elenost: market cap $2.7M, net 24h flow -17 τ; Claims: market cap $4.0M, net 24h flow -13 τ; Apex: market cap $7.5M, net 24h flow -54 τ; Gradients: market cap $19M, net 24h flow -120 τ; Swarm: market cap $8.5M, net 24h flow -28 τ; Numinous: market cap $3.0M, net 24h flow -11 τ; Bitsec.ai: market cap $3.5M, net 24h flow -9 τ; iota: market cap $28M, net 24h flow -63 τ; rec4ll: market cap $1.3M, net 24h flow -2 τ; ByteLeap: market cap $2.8M, net 24h flow -4 τ; Compute Horde: market cap $5.2M, net 24h flow -13 τ; Teutonic: market cap $30M, net 24h flow -61 τ; Tag101: market cap $2.2M, net 24h flow -3 τ; InfiniteQuant: market cap $3.1M, net 24h flow -4 τ; Herald: market cap $2.0M, net 24h flow -2 τ; Vanta: market cap $42M, net 24h flow -52 τ; cascade: market cap $1.6M, net 24h flow -2 τ; sundae_bar: market cap $2.6M, net 24h flow -2 τ; ItsAI: market cap $3.6M, net 24h flow -2 τ; Hone: market cap $13M, net 24h flow -11 τ; blockmachine: market cap $11M, net 24h flow -5 τ; Komms: market cap $2.6M, net 24h flow -1 τ; Dojo: market cap $6.9M, net 24h flow -1 τ; hoτfloaτ: market cap $3.3M, net 24h flow -0 τ; TAOstatus: market cap $4.2M, net 24h flow -0 τ; Graphite: market cap $4.8M, net 24h flow -0 τ; UR: market cap $5.1M, net 24h flow +6 τ; Witness: market cap $2.5M, net 24h flow +5 τ; Allways: market cap $2.9M, net 24h flow +7 τ; MVTRX: market cap $3.7M, net 24h flow +11 τ; Aurelius: market cap $3.0M, net 24h flow +15 τ; DaniLabs: market cap $4.3M, net 24h flow +20 τ; Hippius: market cap $22M, net 24h flow +86 τ; Gittensor: market cap $2.9M, net 24h flow +13 τ; Ridges: market cap $11M, net 24h flow +76 τ; Nodexo: market cap $2.2M, net 24h flow +18 τ; NOVA: market cap $21M, net 24h flow +133 τ; MANTIS: market cap $2.3M, net 24h flow +19 τ; Investing: market cap $3.0M, net 24h flow +19 τ; Pareton: market cap $5.4M, net 24h flow +51 τ; Minos: market cap $12M, net 24h flow +76 τ; Desearch: market cap $3.4M, net 24h flow +31 τ; Bitcast: market cap $14M, net 24h flow +100 τ; Endure Network: market cap $4.0M, net 24h flow +40 τ; MoirAI: market cap $1.2M, net 24h flow +17 τ; StreetVision by NATIX: market cap $2.5M, net 24h flow +38 τ; Score: market cap $42M, net 24h flow +391 τ; Refinery: market cap $1.9M, net 24h flow +33 τ; NIOME: market cap $2.9M, net 24h flow +41 τ; True Performance Network: market cap $2.7M, net 24h flow +42 τ; Beam: market cap $4.1M, net 24h flow +42 τ; AdTAO: market cap $6.1M, net 24h flow +75 τ; ms.computer: market cap $16M, net 24h flow +140 τ; Terza Inference: market cap $0.3M, net 24h flow +6 τ; GPUForge: market cap $0.6M, net 24h flow +10 τ; Nepher Robotics: market cap $3.2M, net 24h flow +56 τ; Instant: market cap $3.3M, net 24h flow +115 τ; CapabilityForge Next: market cap $1.2M, net 24h flow +48 τ; Leadpoet: market cap $4.4M, net 24h flow +84 τ; RedTeam: market cap $7.5M, net 24h flow +181 τ; Vidaio: market cap $5.3M, net 24h flow +218 τ; Umi: market cap $0.7M, net 24h flow +20 τ; Cortex: market cap $1.4M, net 24h flow +45 τ; Cathedral: market cap $1.6M, net 24h flow +44 τ; Yanez: market cap $6.2M, net 24h flow +211 τ; ChipForge: market cap $0.3M, net 24h flow +14 τ; KubeTEE: market cap $3.6M, net 24h flow +150 τ; Carbon: market cap $2.1M, net 24h flow +57 τ; Attelier: market cap $2.0M, net 24h flow +97 τ; ChronoLLM: market cap $3.7M, net 24h flow +620 τ; OpenRoboto: market cap $9.0M, net 24h flow +245 τ; ConnitoAI: market cap $2.1M, net 24h flow +355 τ; everyframe.studio: market cap $5.7M, net 24h flow +1.2K τ. The full directory with sorting and filters is at /subnets.

Network pulse

120 active subnets

Net 24h flow

-7.4K τ

buys − sells

24h volume

133.4K τ

BoughtSold
46% · 4655 · 54%
ConcentrationRest of network
46%54%
TAO $229Strongest momentum everyframe.studio Heating Up

Valuation pulse

Explore valuation →

Revenue-backed cap

$203M

5 subnets · live

Annualized revenue

$13M

33d old · AGING

Aggregate multiple

15.1×

cap ÷ revenue

Revenue multiple · log scale

9.8× → 203×

← Lower multipleHigher multiple →

Revenue coverage

Subnets3.9%

5 / 128

Market cap7.4%

$203M

Flow extremes

View all flows →
↓ OutflowInflow ↑

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Research, not financial advice.