BSV Intel the signal, daily
Edition 114
Thursday · June 25, 2026
BSV Network · 24 hours ending June 25, 09:09 UTC

Edition 114

Edited by Bridget Doran · Scanned 09:34 UTC, June 25 · Blocks 954,930 → 955,073 · 1,110,696 transactions
Largest move
$797K
72,751 BSV · whale tier
Avg block time
9.6min
near schedule
Throughput
14tx/s
peak 350 tx/s
BSV price
$10.95
▼ 2.5% · 24h
№ 01 Chain Health

9 pools, on schedule

9 pools produced today's 144 blocks at an average interval of 9.6 min — on schedule relative to the 10-minute target.

6.5 min
Median interval
half the blocks faster
55
Fast blocks1
under 5 min
209,920 txs
Busiest block
block 954,944
Fast and slow blocks are an expected feature of Proof of Work, not a defect. Block timing follows a Poisson process (random spacing around a steady average), so clusters of fast or slow blocks happen even when hashrate is unchanged.
Block cadence · 144 blocks · 22.7h
Fast (<5 min) · 55 Normal · 72 Slow (>20 min) · 17
For the technical reader

Block timing. Mean interval 575.4 seconds (9.6 min) over 142 measured intervals across 144 blocks; median 388 seconds (6.5 min). Range 5 s to 3405 s (56.8 min).

Cadence. Average interval 9.6 min — on schedule relative to the 10-minute target. 9 pools produced today's blocks.

Largest block. Block 954,944 at 209,920 transactions, the peak load in the window. Avg tx/block across all 144 blocks was 7,713.

№ 02 Teranode Network

9 Teranode operators visible on the public network

At least 9 operators are announcing on the public gossip network (2 acting as public relays), running versions from v0.13.1 to v0.15.2. This is the publicly-visible set only; others almost certainly run Teranode without announcing.

9
Visible
announcing on mesh
2
Public relays
accept external tx
6
Caught up → tip
synced to latest block
Versions in use · 9 operators
v0.13.1 1 · v0.15.1 3 · v0.15.2-beta-11 1 · v0.15.2 4
For the technical reader

Source: node_status messages on the public BSV gossip layer, observed by our own libp2p listener and deduplicated by peer ID. This counts the publicly-announcing set only — a node that does not broadcast status, or runs inside a private cluster, will not appear, so read it as a floor, not a full census.

“Caught up” means within one block of the chain tip (currently 955,085). Stalled or still-syncing nodes are excluded from that count. “Public relay” here means a node that publicly forwards gossip to the rest of the mesh; only two do, and both announce under the same operator label and share infrastructure, so the public mesh’s reachability appears to lean on a single operator.

№ 03 Mining Distribution

9 pools produced today's 144 blocks

SA100 led at 19.4%. Distribution within normal range.

SA100 19.4%
CUVVE 16%
Mining-Dutch 13.9%
GorillaPool 13.2%
taal.com 12.5%
qdlnk 9.7%
molepool.com 7.6%
Kryptex 4.2%
taal.com_Teranode 3.5%
For the technical reader

Pool identification is by coinbase signature; pools that don't sign or use unrecognized tags appear as untagged producers. The _Teranode suffix (e.g., taal.com_Teranode) marks blocks attributed to a pool running the Teranode node software — based on observable signals in the block data, not a formal protocol marker. GorillaPool.io may also be running a Teranode (observed in the Teranode explorer); when blocks become attributable to that node, they would appear with the suffix as well.

Block counts: SA100 28, CUVVE 23, Mining-Dutch 20, GorillaPool 19, taal.com 18, qdlnk 14, molepool.com 11, Kryptex 6, taal.com_Teranode 5. 144 of 144 blocks identified.

№ 04 Capital Flow

724 movements crossed the chain

4 of them moved more than 10,000 BSV, a combined ~$1.3 million at today's price.

4
Major
> 10K BSV
~$109,500+
54
Notable
1K – 10K BSV
~$10,950 – 109,500
666
Significant
100 – 1K BSV
~$1,095 – 10,950
Top movements
72,750.78BSV
≈ $796,621 a34334aec2…
2 → 2 Neutral
16,311.37BSV
≈ $178,610 b53aa4ac5d…
1 → 2 Neutral
16,261.37BSV
≈ $178,062 11801954b1…
1 → 2 Neutral
16,209.37BSV
≈ $177,493 0d84ece892…
1 → 2 Neutral
For the technical reader

Tier thresholds. Major > 10K BSV; Notable 1K – 10K BSV; Significant 100 – 1K BSV. Counts are unique transactions in the 24-hour window moving value within these bands; the 100-BSV floor excludes ordinary day-to-day payments.

Shape is input-count → output-count. Pattern is heuristic:

Neutral: typical payment shape (1→2 or 2→2, one payment + change).
Consolidation: many inputs, few outputs (UTXO cleanup or sweep).
Distribution: few inputs, many outputs (payouts, faucet, batch send).

№ 05 Address Intelligence

72 tracked addresses across 116 days

4 new addresses on the radar today. (what does this mean?)

New to the radar
1DMtoF48UhfDkZHAZ9… 72,751 BSV First appearance
1AWmxDw2KypTGgLGc3… 7,387 BSV First appearance
1MDLivLJQSNTSxvTp2… 7,387 BSV First appearance
Recurring addresses
Address Behavior Confidence Active
5,213,092 BSV · 183 txs
Exchange-Like High 03-04 → 06-24
3,001,670 BSV · 103 txs
Exchange-Like High 03-02 → 06-23
10,916,306 BSV · 69 txs
Exchange-Like High 03-08 → 06-25
2,206,403 BSV · 69 txs
Exchange-Like High 03-02 → 06-25
0 BSV · 68 txs
Accumulator High 03-08 → 06-25
How to read this

New to the radar flags addresses from today's top whale movements that have not appeared in any whale-tier transaction during the observation window. This could indicate a new large holder, a previously sub-threshold address crossing into whale territory, or a long-dormant address reactivating.

Recurring addresses are identified by tracking output scripts across all whale transactions (≥ 100 BSV) over the full 116-day observation window. An address appearing here has been involved in large-value movements on multiple separate days.

Behavior is based on whether an address predominantly receives (Accumulator), predominantly sends (Distributor), or does both in roughly equal measure (Exchange-Like).

Confidence reflects how many indicators align: transaction frequency, directional balance, and tier presence. High = 3+ indicators; Medium = 2; Low = 1.

All classifications are probabilistic. No identity or ownership claims are made. Addresses are derived from transaction output scripts.

№ 06 Throughput & Market
BSV / USD
$10.95
▼ 2.5% over 24h
Throughput, avg
14tx/s
peak 350 tx/s · 10-min window
Avg tx / block7,713
Max tx / block209,920
Total transactions1,110,696
10-min peak209,920
For the technical reader

TPS is computed over the 22.7 hours of the scan window in 10-minute intervals, not per block. The peak is the busiest 10-minute window observed (209,920 transactions, ≈ 350 tx/s for that window).

Price source: real-time quote at scan completion. 24h change is from a rolling 24-hour spot reference.

№ 07 Transaction Velocity

Activity by hour, across 25 hours

1,110,696 transactions mapped to 10-minute windows. The brightest cell is the busiest window of the day.

101316192201040710:00:10:20:30:40:5010:00 UTC — 0 txs10:10 UTC — 0 txs10:20 UTC — 2,143 txs10:30 UTC — 0 txs10:40 UTC — 25,391 txs10:50 UTC — 22,308 txs11:00 UTC — 170,619 txs171k11:10 UTC — 497 txs11:20 UTC — 3,887 txs11:30 UTC — 633 txs11:40 UTC — 2,048 txs11:50 UTC — 0 txs12:00 UTC — 0 txs12:10 UTC — 0 txs12:20 UTC — 9,138 txs12:30 UTC — 1,135 txs12:40 UTC — 133,485 txs133k12:50 UTC — 0 txs13:00 UTC — 0 txs13:10 UTC — 209,920 txs210k13:20 UTC — 0 txs13:30 UTC — 0 txs13:40 UTC — 73,149 txs13:50 UTC — 0 txs14:00 UTC — 3,049 txs14:10 UTC — 0 txs14:20 UTC — 0 txs14:30 UTC — 0 txs14:40 UTC — 8,723 txs14:50 UTC — 3,020 txs15:00 UTC — 0 txs15:10 UTC — 3,315 txs15:20 UTC — 1,682 txs15:30 UTC — 0 txs15:40 UTC — 5,380 txs15:50 UTC — 0 txs16:00 UTC — 3,521 txs16:10 UTC — 4,051 txs16:20 UTC — 1,634 txs16:30 UTC — 0 txs16:40 UTC — 4,259 txs16:50 UTC — 647 txs17:00 UTC — 0 txs17:10 UTC — 5,234 txs17:20 UTC — 0 txs17:30 UTC — 0 txs17:40 UTC — 6,612 txs17:50 UTC — 0 txs18:00 UTC — 0 txs18:10 UTC — 0 txs18:20 UTC — 9,210 txs18:30 UTC — 0 txs18:40 UTC — 2,917 txs18:50 UTC — 3,162 txs19:00 UTC — 2,343 txs19:10 UTC — 1,651 txs19:20 UTC — 1,351 txs19:30 UTC — 2,332 txs19:40 UTC — 0 txs19:50 UTC — 46,455 txs20:00 UTC — 8 txs20:10 UTC — 0 txs20:20 UTC — 0 txs20:30 UTC — 0 txs20:40 UTC — 0 txs20:50 UTC — 170,625 txs171k21:00 UTC — 1,296 txs21:10 UTC — 0 txs21:20 UTC — 0 txs21:30 UTC — 7,508 txs21:40 UTC — 570 txs21:50 UTC — 3,280 txs22:00 UTC — 3,103 txs22:10 UTC — 3,128 txs22:20 UTC — 1,438 txs22:30 UTC — 131 txs22:40 UTC — 3,607 txs22:50 UTC — 3,352 txs23:00 UTC — 607 txs23:10 UTC — 3,088 txs23:20 UTC — 2,590 txs23:30 UTC — 2,092 txs23:40 UTC — 1,724 txs23:50 UTC — 0 txs00:00 UTC — 0 txs00:10 UTC — 0 txs00:20 UTC — 0 txs00:30 UTC — 13,226 txs00:40 UTC — 1,809 txs00:50 UTC — 2,409 txs01:00 UTC — 2,770 txs01:10 UTC — 1,739 txs01:20 UTC — 1,940 txs01:30 UTC — 2,159 txs01:40 UTC — 4,253 txs01:50 UTC — 3,161 txs02:00 UTC — 2,186 txs02:10 UTC — 2,918 txs02:20 UTC — 916 txs02:30 UTC — 3,791 txs02:40 UTC — 1,111 txs02:50 UTC — 1,598 txs03:00 UTC — 0 txs03:10 UTC — 6,003 txs03:20 UTC — 0 txs03:30 UTC — 3,709 txs03:40 UTC — 1,609 txs03:50 UTC — 2,981 txs04:00 UTC — 2,372 txs04:10 UTC — 0 txs04:20 UTC — 4,958 txs04:30 UTC — 0 txs04:40 UTC — 4,055 txs04:50 UTC — 873 txs05:00 UTC — 2,400 txs05:10 UTC — 0 txs05:20 UTC — 5,328 txs05:30 UTC — 2,326 txs05:40 UTC — 0 txs05:50 UTC — 4,285 txs06:00 UTC — 2,289 txs06:10 UTC — 1,283 txs06:20 UTC — 2,479 txs06:30 UTC — 1,406 txs06:40 UTC — 2,213 txs06:50 UTC — 3,248 txs07:00 UTC — 0 txs07:10 UTC — 0 txs07:20 UTC — 5,031 txs07:30 UTC — 0 txs07:40 UTC — 0 txs07:50 UTC — 7,525 txs08:00 UTC — 5 txs08:10 UTC — 3,825 txs08:20 UTC — 2,691 txs08:30 UTC — 0 txs08:40 UTC — 0 txs08:50 UTC — 0 txs09:00 UTC — 8,768 txs09:10 UTC — 0 txs09:20 UTC — 0 txs09:30 UTC — 0 txs09:40 UTC — 0 txs09:50 UTC — 0 txs10:00 UTC — 0 txs10:10 UTC — 0 txs10:20 UTC — 0 txs10:30 UTC — 0 txs10:40 UTC — 0 txs10:50 UTC — 0 txsActivity:High
Peak 10-min window: 209,920 txs Coverage: 144 blocks · 22.7h 06-24 10:27 UTC → 06-25 09:09 UTC
For the technical reader

Dark cells indicate 10-minute windows where no block was mined: a natural result of the Poisson process governing Proof of Work.2 Transactions broadcast during those windows appear in the next mined block.

Each row = one hour of the scan. Each column = a 10-minute bucket within that hour. Read left-to-right within a row, then down to the next hour.

Poisson process. A random event process where events occur independently at a stable average rate, but with unpredictable spacing. Block times have a 10-minute average but individual intervals scatter widely; that's not a bug, it's how the math works.
№ 08 On-chain Activity

2.3 million outputs, by purpose

The TxBlaster service produced 73.6% of transactions, posting paired payment and data-publication outputs continuously. The breakdown below isolates the remaining 26.4% so other activity is readable.

A note on storage. OP_RETURN data is prunable: nodes can discard it without breaking consensus, but reading it back requires running an indexer. UTXO-resident patterns (STAS tokens, spendable metadata, ordinal envelopes) remain in the chain's state and are recoverable from any pruned node. As BSV scales, the architectural direction is toward UTXO-resident data, not OP_RETURN.
All transactions, by source
TxBlaster · 73.6%
26.4%
817,477 tx 293,219 tx · all other
Excluding TxBlaster3 · 640,414 outputs
Payment 54.3% 348,053
P2PKH 344,986 · P2PK 3,009 · Multisig 58
Data Publication 44.4% 284,609
OP_RETURN 282,973 · Ordinal envelopes 1,597 · Spendable metadata 39
Contracts & Tokens 1.21% 7,752
STAS Gen 3: 424 · Custom locking: 7,328 · 14 unique structures

Of 292,361 non-payment outputs in this window, 96.8% were prunable (OP_RETURN) and 3.2% were UTXO-resident. Pruning is permitted by consensus today but not generally practiced — the architectural advantage of UTXO-resident data materializes as throughput scales toward Teranode-class capacity.

Method · how non-payment outputs are embedded
OP_RETURN 282,973Spendable metadata 39Ordinal envelope 1,597STAS Gen 3 424Custom locking 7,328
TxBlaster is an identified, automated service that posts paired P2PK + OP_RETURN transactions continuously. We count it separately not because it's less legitimate (every fee-paid valid transaction is real chain activity), but because at 74% of transaction count today, it would visually overwhelm everything else. The numbers above show what the other activity looks like.
For the technical reader

Purpose classifies outputs by what they're locked to:

Payment: P2PKH, P2PK, multisig (spendable value).
Data Publication: OP_RETURN, ordinal envelopes, spendable metadata (carrying data).
Contracts: STAS tokens, custom locking scripts (programmable spend conditions).

Spendable metadata (heuristic): scripts with signature verification followed by data removed via OP_DROP. Metadata isn't consumed by validation logic but remains on-chain in the UTXO set.

Unique structures: a contract structure is a normalized script skeleton with variable data (hashes, signatures, pubkeys) removed. 14 unique structures observed today across 7,752 contract outputs.

№ 09 Protocols & Content

What people published, and how it was framed

Open standards used to format data on-chain, and the MIME types declared in those publications.

Protocol · open standards defining data format
MAP 3,072B:// 2,2871Sat-Ordinal 1,616Metanet4 1,396AIP 880STAS 386BSV-21 254
Metanet (the original). The 2018-2019 nChain protocol: a 4-byte "meta" push in OP_RETURN that defines a DAG of parent-txid-linked records. Not to be confused with the newer BRC-100 "Metanet" wallet/overlay ecosystem, which uses the same word for a different thing.
Content Type · MIME types in declared inscriptions
application/javascript 929text/markdown 880text/plain 737image/jpeg 546application/bsv-20 254application/json 231image/png 210text/html 120
For the technical reader

Content Types are MIME declarations sourced from two structures: ordinal envelopes (1Sat-style spendable inscriptions) and B:// protocol OP_RETURN publications. Outputs that don't declare a MIME type aren't counted here.

application/bsv-20 covers both BSV-20 and BSV-21: both protocols declare "p":"bsv-20" in their JSON and most inscriptions inherit the legacy MIME type. Protocol differentiation happens via JSON fields (tick = BSV-20 ticker mode; sym/id = BSV-21 tickerless mode).

№ 10 Overlay Directory

128 SHIP endpoints · 127 SLAP endpoints

BRC-88 topic registrations announce who is hosting which overlay services on chain.

SHIP · intake side
128endpoints
across 76 topics
SLAP · query side
127endpoints
across 75 topics
Top topic managers · SHIP (of 76)
tm_plite 15tm_template 14tm_uhrp 12tm_users 11tm_zed 8
Top lookup services · SLAP (of 75)
ls_plite 15ls_template 13ls_uhrp 12ls_users 10ls_zed 8
Directory topics tm_ship (27) · tm_slap (27) · ls_ship (26) · ls_slap (26)
For the technical reader

BRC-88 SHIP/SLAP. Topic registrations on chain that announce which overlay services a node hosts. SHIP is the intake side (which topics this node accepts); SLAP is the query side (which topics this node can answer for).

endpoints = unique (URL, identity key) pairs. advertisements = signed unspent UTXOs on chain, each declaring one endpoint hosts one topic. topics = named overlay services like tm_uhrp or ls_ship.

Snapshot from 2026-06-25 11:16 UTC. Counts come from the four trackers hardcoded into the BSV SDK (overlay-us-1, overlay-eu-1, overlay-ap-1, users.bapp.dev). BSV apps query these to find which servers host the overlay topics they need.

№ 11 Identifiable Activity

Applications and tokens with recognizable fingerprints

TreeChat led identifiable activity at 2,837 transactions. Most chain activity carries no such identifier; the names below are services whose on-chain shape is recognizable from prior analysis.

TreeChat 2,837dxs 1,080memo.cash 443MNEE 1193D Ordi 70Indelible 43ForgeChain 36OYO 31BSV Live Master 30mintBlue 28BSV Feed/View 26CASHEIO 1
Application Token Media / NFT
For the technical reader

Patterns are matched against a curated catalog of known protocols and application signatures: MAP tags, B:// envelopes, AIP, OPUB, ordinal mime declarations, custom STAS structures. Some come from WoC tags; others are identified through analysis. New patterns are added editorially as they emerge.

Counts are unique transactions touching each application's recognizable structures. A transaction can match more than one pattern.

№ 12 Script of the Day

Ordinal Inscription

ORDINAL · selected from 1,597 candidates

Ordinal Inscription with a 202-byte payload

What it does. This script embeds data inside a conditional branch. The OP_FALSE OP_IF block carries the payload (marked "ord"), while the P2PKH suffix enforces signature-based ownership.

Why it matters. Encodes ownership into individual satoshis. Transferable by spending the UTXO.

TX 60190e4f92… Block 954,930 202 script bytes
Opcodes used
0IF1ENDIFDUPHASH160EQUALVERIFYCHECKSIG
Script preview
OP_0 OP_IF 6f7264 OP_1 6170706c69636174696f6e2f6273762d3230 OP_0 7b2270223a226273762d3230222c226f70223a226465706c6f792b6d696e74222c2273796d223a22544849534d4f52454143222c2269636f6e223a226630353432613336636664333166646364366264343636376237396532323734316333363132383366333539653839643762316130353365633
Skeleton
OP_0 OP_IF 6f7264 OP_1 <DATA> OP_0 <DATA> OP_ENDIF OP_DUP OP_HASH160 <DATA> OP_EQUALVERIFY OP_CHECKSIG
For the technical reader

Selection is editorial: one script per day from a curated category (Data Carrier, Token Mint, Complex Contract, Hash Puzzle, etc.). Candidate count shows how many similar scripts appeared in the same window.

The script preview above is the actual on-chain ASM (truncated for display); the skeleton normalizes pushes to <DATA> for pattern comparison across transactions. Opcodes shown are the unique ones present in the script, not the sequence order.

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