Subject: Re: [bitcoindev] A Taproot-native (re-)bindable transaction bundle proposal

From: /dev /fd0 <[email-masked]>
Date: Fri, 11 Jul 2025 20:44:09 -0700 (PDT)

>  P2TR UTXO count¹: 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, 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/
>

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