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Sat, 12 Jul 2025 17:45:59 -0700 (PDT) X-Received: by 2002:a05:690c:6603:b0:70e:6105:2360 with SMTP id 00721157ae682-717d5dabc97mr122463867b3.24.1752367558894; Sat, 12 Jul 2025 17:45:58 -0700 (PDT) Received: by 2002:a05:690c:d8b:b0:710:f35d:a3b2 with SMTP id 00721157ae682-7166a91b6ffms7b3; Fri, 11 Jul 2025 20:44:11 -0700 (PDT) X-Received: by 2002:a05:690c:9b03:b0:70e:6333:64ac with SMTP id 00721157ae682-717d5bc4409mr100552327b3.10.1752291850135; Fri, 11 Jul 2025 20:44:10 -0700 (PDT) Date: Fri, 11 Jul 2025 20:44:09 -0700 (PDT) From: /dev /fd0 To: Bitcoin Development Mailing List Message-Id: <2c16b2d0-ac82-4c10-8404-02001bda2658n@googlegroups.com> In-Reply-To: References: <26b96fb1-d916-474a-bd23-920becc3412cn@googlegroups.com> Subject: Re: [bitcoindev] A Taproot-native (re-)bindable transaction bundle proposal MIME-Version: 1.0 Content-Type: multipart/mixed; boundary="----=_Part_243328_1674956713.1752291849544" X-Original-Sender: alicexbtong@gmail.com Precedence: list Mailing-list: list bitcoindev@googlegroups.com; contact bitcoindev+owners@googlegroups.com List-ID: X-Google-Group-Id: 786775582512 List-Post: , List-Help: , List-Archive: , List-Unsubscribe: , X-Spam-Score: -0.5 (/) ------=_Part_243328_1674956713.1752291849544 Content-Type: multipart/alternative; boundary="----=_Part_243329_405330051.1752291849544" ------=_Part_243329_405330051.1752291849544 Content-Type: text/plain; charset="UTF-8" Content-Transfer-Encoding: quoted-printable > P2TR UTXO count=C2=B9: 57,956,440 (34.7% of UTXO count) The fact that 86% of these UTXOs are under 1000 sats suggests that the use= =20 cases envisioned by protocol developers before taproot activation are still= =20 struggling to gain adoption.=20 /dev/fd0 floppy disk guy On Saturday, July 12, 2025 at 6:03:59=E2=80=AFAM UTC+5:30 Murch wrote: > Hello list, > > On 2025-07-10 05:24, James O'Beirne wrote: > > Right now two separate estimates put Taproot usage (by value) at > > 0.1% or 0.75% as of May 2025[3][4]. This is nearly four years after its > > activation. We can't say exactly why users aren't upgrading, but the > > reality is that the overwhelming majority of value transfer in bitcoin > > is still happening in a pre-Taproot script context. > > I thought there might be interest in a few more metrics regarding P2TR=20 > usage. > > Stats on the current UTXO set, from today: > =E2=80=A2 Bitcoins held in P2TR outputs=C2=B9: ~156,309 (0.79% of supply) > =E2=80=A2 P2TR UTXO count=C2=B9: 57,956,440 (34.7% of UTXO count) > > 30-day averages as of 2025-07-10: > =E2=80=A2 P2TR outputs by value=C2=B2: 8.3% > =E2=80=A2 P2TR output count=C2=B3: 20.0% > =E2=80=A2 P2TR input count=E2=81=B4: KP 16.0%, SP: 7.0% > > "P2TR outputs by value" has been trending up steadily since February,=20 > being 1.4% on February 1st, possibly due to more people taking on UTXO=20 > management tasks and wallet updates since the mempool cleared end of=20 > January. > > Cheers, > Murch > > =E2=80=94=E2=80=94=E2=80=94 > > =C2=B9 via https://dune.com/murchandamus/bitcoins-utxo-set > =C2=B2 via https://mainnet.observer/charts/output-type-distribution-amoun= t/ > =C2=B3 https://mainnet.observer/charts/output-type-distribution-count/ > =E2=81=B4 https://mainnet.observer/charts/inputs-types-by-count/ > --=20 You received this message because you are subscribed to the Google Groups "= Bitcoin Development Mailing List" group. To unsubscribe from this group and stop receiving emails from it, send an e= mail to bitcoindev+unsubscribe@googlegroups.com. To view this discussion visit https://groups.google.com/d/msgid/bitcoindev/= 2c16b2d0-ac82-4c10-8404-02001bda2658n%40googlegroups.com. ------=_Part_243329_405330051.1752291849544 Content-Type: text/html; charset="UTF-8" Content-Transfer-Encoding: quoted-printable >=C2=A0 P2TR UTXO count=C2=B9: 57,956,440 (34.7% of UTXO count)

The fact that 86% of these UTXOs are under 1000 sats suggests that the use = cases envisioned by protocol developers before taproot activation are still= struggling to gain adoption.

/dev/fd0
floppy disk guy


On Saturday, July 12, 202= 5 at 6:03:59=E2=80=AFAM UTC+5:30 Murch wrote:
Hello list,

On 2025-07-10 05:24, James O'Beirne wrote:
> Right now two separate estimates put Taproot usage (by value) at
> 0.1% or 0.75% as of May 2025[3][4]. This is nearly four years afte= r its
> activation. We can't say exactly why users aren't upgradin= g, but the
> reality is that the overwhelming majority of value transfer in bit= coin
> is still happening in a pre-Taproot script context.

I thought there might be interest in a few more metrics regarding P2TR= =20
usage.

Stats on the current UTXO set, from today:
=E2=80=A2 Bitcoins held in P2TR outputs=C2=B9: ~156,309 (0.79% of suppl= y)
=E2=80=A2 P2TR UTXO count=C2=B9: 57,956,440 (34.7% of UTXO count)

30-day averages as of 2025-07-10:
=E2=80=A2 P2TR outputs by value=C2=B2: 8.3%
=E2=80=A2 P2TR output count=C2=B3: 20.0%
=E2=80=A2 P2TR input count=E2=81=B4: KP 16.0%, SP: 7.0%

"P2TR outputs by value" has been trending up steadily since F= ebruary,=20
being 1.4% on February 1st, possibly due to more people taking on UTXO= =20
management tasks and wallet updates since the mempool cleared end of=20
January.

Cheers,
Murch

=E2=80=94=E2=80=94=E2=80=94

=C2=B9 via https://dune.com/murchandamus/bitcoins-utxo-set
=C2=B2 via https://mainnet.observer/chart= s/output-type-distribution-amount/
=C2=B3 https://mainnet.observer/charts/outp= ut-type-distribution-count/
=E2=81=B4 https://mainnet.observer/charts/inputs-types-by-cou= nt/

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