On Saturday, July 12, 2025 at 6:03:59 AM 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:
• Bitcoins held in P2TR outputs¹: ~156,309 (0.79% of supply)
• P2TR UTXO count¹: 57,956,440 (34.7% of UTXO count)

30-day averages as of 2025-07-10:
• P2TR outputs by value²: 8.3%
• P2TR output count³: 20.0%
• P2TR input count⁴: 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

———

¹ via https://dune.com/murchandamus/bitcoins-utxo-set
² via https://mainnet.observer/charts/output-type-distribution-amount/
³ https://mainnet.observer/charts/output-type-distribution-count/
⁴ https://mainnet.observer/charts/inputs-types-by-count/