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[109.224.244.18]) by gmr-mx.google.com with ESMTPS id 6a1803df08f44-7049774d23esi3405226d6.0.2025.07.14.06.58.53 for (version=TLS1_3 cipher=TLS_AES_256_GCM_SHA384 bits=256/256); Mon, 14 Jul 2025 06:58:53 -0700 (PDT) Received-SPF: pass (google.com: domain of darosior@protonmail.com designates 109.224.244.18 as permitted sender) client-ip=109.224.244.18; Date: Mon, 14 Jul 2025 13:58:49 +0000 To: /dev /fd0 From: "'Antoine Poinsot' via Bitcoin Development Mailing List" Cc: Bitcoin Development Mailing List Subject: Re: [bitcoindev] A Taproot-native (re-)bindable transaction bundle proposal Message-ID: In-Reply-To: <2c16b2d0-ac82-4c10-8404-02001bda2658n@googlegroups.com> References: <26b96fb1-d916-474a-bd23-920becc3412cn@googlegroups.com> <2c16b2d0-ac82-4c10-8404-02001bda2658n@googlegroups.com> Feedback-ID: 7060259:user:proton X-Pm-Message-ID: e0adf1f7335cd08f66c9d5496fc9ec9c63fa46a4 MIME-Version: 1.0 Content-Type: multipart/alternative; boundary="b1=_gazBKTVuIafhbBRzQzDl7CdJikfMbPWnuywAObRE" X-Original-Sender: darosior@protonmail.com X-Original-Authentication-Results: gmr-mx.google.com; dkim=pass header.i=@protonmail.com header.s=protonmail3 header.b=NKooZvvZ; spf=pass (google.com: domain of darosior@protonmail.com designates 109.224.244.18 as permitted sender) smtp.mailfrom=darosior@protonmail.com; dmarc=pass (p=QUARANTINE sp=QUARANTINE dis=NONE) header.from=protonmail.com X-Original-From: Antoine Poinsot Reply-To: Antoine Poinsot 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: -1.0 (-) --b1=_gazBKTVuIafhbBRzQzDl7CdJikfMbPWnuywAObRE Content-Type: text/plain; charset="UTF-8" Content-Transfer-Encoding: quoted-printable What are these "struggling use cases envisioned by protocol developers"? I = am not aware of any claims made by the Taproot authors regarding the usage = it would get a few years after its activation. You wouldn't put words in an= yone's mouth, would you? On Saturday, July 12th, 2025 at 8:46 PM, /dev /fd0 = wrote: >> 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 us= e cases envisioned by protocol developers before taproot activation are sti= ll struggling to gain adoption. > > /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 >> 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, >> being 1.4% on February 1st, possibly due to more people taking on UTXO >> management tasks and wallet updates since the mempool cleared end of >> 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-amou= nt/ >> =C2=B3 https://mainnet.observer/charts/output-type-distribution-count/ >> =E2=81=B4 https://mainnet.observer/charts/inputs-types-by-count/ > > -- > 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= email to bitcoindev+unsubscribe@googlegroups.com. > To view this discussion visit https://groups.google.com/d/msgid/bitcoinde= v/2c16b2d0-ac82-4c10-8404-02001bda2658n%40googlegroups.com. --=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/= UyR9ebnkMbpfJm5P4OIRr2IkVs_ZudzLitrEx8Z7UyQLpPmLyho17HSe4YBrUUmBRWniVWF5qTU= yfD2PuSHyfCccDy4XATIDfC1Bm_hTEEY%3D%40protonmail.com. --b1=_gazBKTVuIafhbBRzQzDl7CdJikfMbPWnuywAObRE Content-Type: text/html; charset="UTF-8" Content-Transfer-Encoding: quoted-printable
What are th= ese "struggling use cases envisioned by protocol developers"? I am not awar= e of any claims made by the Taproot authors regarding the usage it would ge= t a few years after its activation. You wouldn't put words in anyone's mout= h, would you?
=20
=20
=20
On Saturday, July 12th, 2025 at 8:46 PM, /dev /fd0 <alicexbtong@= gmail.com> wrote:
>=20 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


<= div dir=3D"auto" class=3D"gmail_attr">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 afte= r its
> activation. We can't say exactly why users aren't upgrading, but t= he
> 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
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 February,
being 1.4% on February 1st, possibly due to more people taking on UTXO
management tasks and wallet updates since the mempool cleared end of
January.

Cheers,
Murch

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

=C2=B9 via https://dune.com/murchandamus/bitcoins-utx= o-set
=C2=B2 via https://ma= innet.observer/charts/output-type-distribution-amount/
=C2=B3 https://mainnet= .observer/charts/output-type-distribution-count/
=E2=81=B4 https://mainnet.observer/charts= /inputs-types-by-count/

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