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Date: Mon, 14 Jul 2025 13:58:49 +0000
To: /dev /fd0 <alicexbtong@gmail.com>
From: "'Antoine Poinsot' via Bitcoin Development Mailing List" <bitcoindev@googlegroups.com>
Cc: Bitcoin Development Mailing List <bitcoindev@googlegroups.com>
Subject: Re: [bitcoindev] A Taproot-native (re-)bindable transaction bundle proposal
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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 <alicexbtong@gmail.com> =
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/
>
> --
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<div style=3D"font-family: Arial, sans-serif; font-size: 14px;">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?<br></div>
<div style=3D"font-family: Arial, sans-serif; font-size: 14px;" class=3D"pr=
otonmail_signature_block protonmail_signature_block-empty">
<div class=3D"protonmail_signature_block-user protonmail_signature_bloc=
k-empty">
=20
</div>
=20
<div class=3D"protonmail_signature_block-proton protonmail_sign=
ature_block-empty">
=20
</div>
</div>
<div class=3D"protonmail_quote">
On Saturday, July 12th, 2025 at 8:46 PM, /dev /fd0 <alicexbtong@=
gmail.com> wrote:<br>
<blockquote class=3D"protonmail_quote" type=3D"cite">
>=20
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"gmail_quote"><=
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:<br></div><blockquote class=3D"gmail_quote=
" style=3D"margin: 0 0 0 0.8ex; border-left: 1px solid rgb(204, 204, 204); =
padding-left: 1ex;">Hello list,
<br>
<br>On 2025-07-10 05:24, James O'Beirne wrote:
<br>> Right now two separate estimates put Taproot usage (by value) at
<br>> 0.1% or 0.75% as of May 2025[3][4]. This is nearly four years afte=
r its
<br>> activation. We can't say exactly why users aren't upgrading, but t=
he
<br>> reality is that the overwhelming majority of value transfer in bit=
coin
<br>> is still happening in a pre-Taproot script context.
<br>
<br>I thought there might be interest in a few more metrics regarding P2TR
<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>"P2TR outputs by value" has been trending up steadily since February,
<br>being 1.4% on February 1st, possibly due to more people taking on UTXO
<br>management tasks and wallet updates since the mempool cleared end of
<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"noreferrer nofollow noopener" data-saferedirecturl=
=3D"https://www.google.com/url?hl=3Den&q=3Dhttps://dune.com/murchandamu=
s/bitcoins-utxo-set&source=3Dgmail&ust=3D1752376960585000&usg=
=3DAOvVaw29c0y3O8UF6yBs_6eTyaVG">https://dune.com/murchandamus/bitcoins-utx=
o-set</a>
<br>=C2=B2 via <a href=3D"https://mainnet.observer/charts/output-type-distr=
ibution-amount/" target=3D"_blank" rel=3D"noreferrer nofollow noopener" dat=
a-saferedirecturl=3D"https://www.google.com/url?hl=3Den&q=3Dhttps://mai=
nnet.observer/charts/output-type-distribution-amount/&source=3Dgmail&am=
p;ust=3D1752376960585000&usg=3DAOvVaw2RZnJqfm_eu6xFdtIWDjeW">https://ma=
innet.observer/charts/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"noreferrer nofollow noopener" data-saf=
eredirecturl=3D"https://www.google.com/url?hl=3Den&q=3Dhttps://mainnet.=
observer/charts/output-type-distribution-count/&source=3Dgmail&ust=
=3D1752376960585000&usg=3DAOvVaw1ckLVoALMKzniAEqNOALMA">https://mainnet=
.observer/charts/output-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"noreferrer nofollow noopener" data-saferedir=
ecturl=3D"https://www.google.com/url?hl=3Den&q=3Dhttps://mainnet.observ=
er/charts/inputs-types-by-count/&source=3Dgmail&ust=3D1752376960585=
000&usg=3DAOvVaw2Gb69HUIwxguoxzQYPSA44">https://mainnet.observer/charts=
/inputs-types-by-count/</a>
<br></blockquote></div>
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