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Date: Fri, 11 Jul 2025 20:44:09 -0700 (PDT)
From: /dev /fd0 <alicexbtong@gmail.com>
To: Bitcoin Development Mailing List <bitcoindev@googlegroups.com>
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Subject: Re: [bitcoindev] A Taproot-native (re-)bindable transaction bundle proposal
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>  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
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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.

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&gt;=C2=A0

P2TR UTXO count=C2=B9: 57,956,440 (34.7% of UTXO count)<br /><br />



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.

<br /><br />/dev/fd0<br />floppy disk guy<br /><br /><br /><div class=3D"gm=
ail_quote"><div dir=3D"auto" class=3D"gmail_attr">On Saturday, July 12, 202=
5 at 6:03:59=E2=80=AFAM UTC+5:30 Murch wrote:<br/></div><blockquote class=
=3D"gmail_quote" style=3D"margin: 0 0 0 0.8ex; border-left: 1px solid rgb(2=
04, 204, 204); padding-left: 1ex;">Hello list,
<br>
<br>On 2025-07-10 05:24, James O&#39;Beirne wrote:
<br>&gt; Right now two separate estimates put Taproot usage (by value) at
<br>&gt; 0.1% or 0.75% as of May 2025[3][4]. This is nearly four years afte=
r its
<br>&gt; activation. We can&#39;t say exactly why users aren&#39;t upgradin=
g, but the
<br>&gt; reality is that the overwhelming majority of value transfer in bit=
coin
<br>&gt; is still happening in a pre-Taproot script context.
<br>
<br>I thought there might be interest in a few more metrics regarding P2TR=
=20
<br>usage.
<br>
<br>Stats on the current UTXO set, from today:
<br>=E2=80=A2 Bitcoins held in P2TR outputs=C2=B9: ~156,309 (0.79% of suppl=
y)
<br>=E2=80=A2 P2TR UTXO count=C2=B9: 57,956,440 (34.7% of UTXO count)
<br>
<br>30-day averages as of 2025-07-10:
<br>=E2=80=A2 P2TR outputs by value=C2=B2: 8.3%
<br>=E2=80=A2 P2TR output count=C2=B3: 20.0%
<br>=E2=80=A2 P2TR input count=E2=81=B4: KP 16.0%, SP: 7.0%
<br>
<br>&quot;P2TR outputs by value&quot; has been trending up steadily since F=
ebruary,=20
<br>being 1.4% on February 1st, possibly due to more people taking on UTXO=
=20
<br>management tasks and wallet updates since the mempool cleared end of=20
<br>January.
<br>
<br>Cheers,
<br>Murch
<br>
<br>=E2=80=94=E2=80=94=E2=80=94
<br>
<br>=C2=B9 via <a href=3D"https://dune.com/murchandamus/bitcoins-utxo-set" =
target=3D"_blank" rel=3D"nofollow" data-saferedirecturl=3D"https://www.goog=
le.com/url?hl=3Den&amp;q=3Dhttps://dune.com/murchandamus/bitcoins-utxo-set&=
amp;source=3Dgmail&amp;ust=3D1752376960585000&amp;usg=3DAOvVaw29c0y3O8UF6yB=
s_6eTyaVG">https://dune.com/murchandamus/bitcoins-utxo-set</a>
<br>=C2=B2 via <a href=3D"https://mainnet.observer/charts/output-type-distr=
ibution-amount/" target=3D"_blank" rel=3D"nofollow" data-saferedirecturl=3D=
"https://www.google.com/url?hl=3Den&amp;q=3Dhttps://mainnet.observer/charts=
/output-type-distribution-amount/&amp;source=3Dgmail&amp;ust=3D175237696058=
5000&amp;usg=3DAOvVaw2RZnJqfm_eu6xFdtIWDjeW">https://mainnet.observer/chart=
s/output-type-distribution-amount/</a>
<br>=C2=B3 <a href=3D"https://mainnet.observer/charts/output-type-distribut=
ion-count/" target=3D"_blank" rel=3D"nofollow" data-saferedirecturl=3D"http=
s://www.google.com/url?hl=3Den&amp;q=3Dhttps://mainnet.observer/charts/outp=
ut-type-distribution-count/&amp;source=3Dgmail&amp;ust=3D1752376960585000&a=
mp;usg=3DAOvVaw1ckLVoALMKzniAEqNOALMA">https://mainnet.observer/charts/outp=
ut-type-distribution-count/</a>
<br>=E2=81=B4 <a href=3D"https://mainnet.observer/charts/inputs-types-by-co=
unt/" target=3D"_blank" rel=3D"nofollow" data-saferedirecturl=3D"https://ww=
w.google.com/url?hl=3Den&amp;q=3Dhttps://mainnet.observer/charts/inputs-typ=
es-by-count/&amp;source=3Dgmail&amp;ust=3D1752376960585000&amp;usg=3DAOvVaw=
2Gb69HUIwxguoxzQYPSA44">https://mainnet.observer/charts/inputs-types-by-cou=
nt/</a>
<br></blockquote></div>

<p></p>

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