BSV Intel the signal, daily
Edition 192
Saturday · September 12, 2026
BSV Network · 24 hours ending September 12, 09:24 UTC

Edition 192

Edited by Bridget Doran · Scanned 09:31 UTC, September 12 · Blocks 966,275 → 966,418 · 991,802 transactions
Largest move
$239K
14,441 BSV · whale tier
Avg block time
9.4min
near schedule
Throughput
12tx/s
peak 703 tx/s
BSV price
$16.58
▲ 3.2% · 24h
№ 01 Chain Health

9 pools, on schedule

9 pools produced today's 144 blocks at an average interval of 9.4 min — on schedule relative to the 10-minute target.

6.2 min
Median interval
half the blocks faster
58
Fast blocks1
under 5 min
421,671 txs
Busiest block
block 966,295
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 · 22.5h
Fast (<5 min) · 58 Normal · 66 Slow (>20 min) · 20
For the technical reader

Block timing. Mean interval 566.3 seconds (9.4 min) over 143 measured intervals across 144 blocks; median 371 seconds (6.2 min). Range 2 s to 3009 s (50.1 min). One sub-3-second interval observed.

Cadence. Average interval 9.4 min — on schedule relative to the 10-minute target. 9 pools produced today's blocks.

Largest block. Block 966,295 at 421,671 transactions, the peak load in the window. Avg tx/block across all 144 blocks was 6,888.

№ 02 Teranode Network

6 Teranode operators visible on the public network

At least 6 operators are announcing on the public gossip network (2 acting as public relays), running versions from v0.15.6 to v0.16.0-beta-11. This is the publicly-visible set only; others almost certainly run Teranode without announcing.

6
Visible
announcing on mesh
2
Public relays
accept external tx
5
Caught up → tip
synced to latest block
Versions in use · 6 operators
v0.15.6 2 · v0.15.8-beta-2 3 · v0.16.0-beta-11 1
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 966,426). 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

GorillaPool led at 16%. Distribution within normal range.

GorillaPool 16%
CUVVE 13.9%
qdlnk 13.2%
Mining-Dutch 13.2%
SA100 11.8%
Kryptex 11.1%
taal.com 8.3%
molepool.com 6.9%
Bitofsin 4.2%
unknown 1.4%
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: GorillaPool 23, CUVVE 20, qdlnk 19, Mining-Dutch 19, SA100 17, Kryptex 16, taal.com 12, molepool.com 10, Bitofsin 6, unknown 2. 142 of 144 blocks identified.

№ 04 Capital Flow

111 movements crossed the chain

2 of them moved more than 10,000 BSV, a combined ~$478,859 at today's price.

2
Major
> 10K BSV
~$165,800+
14
Notable
1K – 10K BSV
~$16,580 – 165,800
95
Significant
100 – 1K BSV
~$1,658 – 16,580
Top movements
14,440.97BSV
≈ $239,431 07b87f4ff8…
1 → 2 Neutral
14,440.77BSV
≈ $239,428 8cb85f96f3…
1 → 2 Neutral
3,337.80BSV
≈ $55,341 16abf5fd2b…
1 → 2 Neutral
3,328.71BSV
≈ $55,190 8d41f13208…
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

67 tracked addresses across 195 days

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

New to the radar
19Ye1JUy4fersAGzhV… 14,441 BSV First appearance
1DfgHWq3riFhEtqUnW… 3,338 BSV First appearance
19BXT4WDxxew4pcUFT… 3,329 BSV First appearance
Recurring addresses
Address Behavior Confidence Active
7,963,423 BSV · 398 txs
Exchange-Like High 03-04 → 09-12
5,295,673 BSV · 170 txs
Exchange-Like High 03-02 → 09-12
2,775,220 BSV · 133 txs
Exchange-Like High 03-02 → 08-19
17,097,603 BSV · 110 txs
Exchange-Like High 03-08 → 09-10
813,873 BSV · 109 txs
Active Entity High 04-13 → 09-01
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 195-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
$16.58
▲ 3.2% over 24h
Throughput, avg
12tx/s
peak 703 tx/s · 10-min window
Avg tx / block6,888
Max tx / block421,671
Total transactions991,802
10-min peak421,671
For the technical reader

TPS is computed over the 22.5 hours of the scan window in 10-minute intervals, not per block. The peak is the busiest 10-minute window observed (421,671 transactions, ≈ 703 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

991,802 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 — 0 txs10:30 UTC — 0 txs10:40 UTC — 0 txs10:50 UTC — 26,643 txs11:00 UTC — 0 txs11:10 UTC — 140,722 txs11:20 UTC — 231 txs11:30 UTC — 0 txs11:40 UTC — 1,130 txs11:50 UTC — 0 txs12:00 UTC — 1,089 txs12:10 UTC — 7 txs12:20 UTC — 0 txs12:30 UTC — 0 txs12:40 UTC — 1,194 txs12:50 UTC — 636 txs13:00 UTC — 0 txs13:10 UTC — 731 txs13:20 UTC — 666 txs13:30 UTC — 0 txs13:40 UTC — 875 txs13:50 UTC — 136 txs14:00 UTC — 0 txs14:10 UTC — 0 txs14:20 UTC — 0 txs14:30 UTC — 421,671 txs422k14:40 UTC — 0 txs14:50 UTC — 79,688 txs15:00 UTC — 637 txs15:10 UTC — 158 txs15:20 UTC — 795 txs15:30 UTC — 0 txs15:40 UTC — 0 txs15:50 UTC — 826 txs16:00 UTC — 549 txs16:10 UTC — 158 txs16:20 UTC — 714 txs16:30 UTC — 0 txs16:40 UTC — 0 txs16:50 UTC — 843 txs17:00 UTC — 0 txs17:10 UTC — 0 txs17:20 UTC — 51,191 txs17:30 UTC — 515 txs17:40 UTC — 658 txs17:50 UTC — 573 txs18:00 UTC — 168 txs18:10 UTC — 805 txs18:20 UTC — 0 txs18:30 UTC — 641 txs18:40 UTC — 13 txs18:50 UTC — 603 txs19:00 UTC — 500 txs19:10 UTC — 0 txs19:20 UTC — 149,785 txs19:30 UTC — 16,203 txs19:40 UTC — 60,311 txs19:50 UTC — 324 txs20:00 UTC — 511 txs20:10 UTC — 588 txs20:20 UTC — 689 txs20:30 UTC — 248 txs20:40 UTC — 0 txs20:50 UTC — 780 txs21:00 UTC — 0 txs21:10 UTC — 0 txs21:20 UTC — 502 txs21:30 UTC — 0 txs21:40 UTC — 563 txs21:50 UTC — 0 txs22:00 UTC — 742 txs22:10 UTC — 0 txs22:20 UTC — 658 txs22:30 UTC — 0 txs22:40 UTC — 419 txs22:50 UTC — 381 txs23:00 UTC — 78 txs23:10 UTC — 0 txs23:20 UTC — 46 txs23:30 UTC — 16 txs23:40 UTC — 0 txs23:50 UTC — 0 txs00:00 UTC — 0 txs00:10 UTC — 0 txs00:20 UTC — 6,577 txs00:30 UTC — 253 txs00:40 UTC — 195 txs00:50 UTC — 465 txs01:00 UTC — 142 txs01:10 UTC — 0 txs01:20 UTC — 0 txs01:30 UTC — 608 txs01:40 UTC — 0 txs01:50 UTC — 221 txs02:00 UTC — 198 txs02:10 UTC — 0 txs02:20 UTC — 0 txs02:30 UTC — 0 txs02:40 UTC — 55 txs02:50 UTC — 13 txs03:00 UTC — 0 txs03:10 UTC — 0 txs03:20 UTC — 3,069 txs03:30 UTC — 113 txs03:40 UTC — 94 txs03:50 UTC — 110 txs04:00 UTC — 0 txs04:10 UTC — 534 txs04:20 UTC — 201 txs04:30 UTC — 0 txs04:40 UTC — 0 txs04:50 UTC — 563 txs05:00 UTC — 0 txs05:10 UTC — 210 txs05:20 UTC — 301 txs05:30 UTC — 188 txs05:40 UTC — 69 txs05:50 UTC — 79 txs06:00 UTC — 103 txs06:10 UTC — 0 txs06:20 UTC — 0 txs06:30 UTC — 0 txs06:40 UTC — 866 txs06:50 UTC — 0 txs07:00 UTC — 26 txs07:10 UTC — 742 txs07:20 UTC — 580 txs07:30 UTC — 613 txs07:40 UTC — 0 txs07:50 UTC — 690 txs08:00 UTC — 0 txs08:10 UTC — 215 txs08:20 UTC — 229 txs08:30 UTC — 0 txs08:40 UTC — 691 txs08:50 UTC — 629 txs09:00 UTC — 0 txs09:10 UTC — 0 txs09:20 UTC — 3,550 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: 421,671 txs Coverage: 144 blocks · 22.5h 09-11 10:54 UTC → 09-12 09:24 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

2.1 million outputs, by purpose

The TxBlaster service produced 75.2% of transactions, posting paired payment and data-publication outputs continuously. The breakdown below isolates the remaining 24.8% 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 · 75.2%
24.8%
745,379 tx 246,423 tx · all other
Excluding TxBlaster3 · 615,890 outputs
Payment 60.4% 372,134
P2PKH 359,597 · P2PK 12,525 · Multisig 12
Data Publication 38.7% 238,239
OP_RETURN 237,802 · Ordinal envelopes 344 · Spendable metadata 93
Contracts & Tokens 0.90% 5,517
STAS Gen 3: 104 · Custom locking: 5,413 · 9 unique structures

Of 243,756 non-payment outputs in this window, 97.6% were prunable (OP_RETURN) and 2.4% 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 237,802Spendable metadata 93Ordinal envelope 344STAS Gen 3 104Custom locking 5,413
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 75% 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. 9 unique structures observed today across 5,517 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 2,923B:// 2,081AIP 2,065Metanet4 1,8391Sat-Ordinal 345BSV-21 190STAS 15OPUB 3
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
text/markdown 1,533image/jpeg 234text/plain 226application/bsv-20 191image/webp 156application/json 41image/png 17image/svg+xml 5
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

151 SHIP endpoints · 144 SLAP endpoints

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

SHIP · intake side
151endpoints
across 88 topics
SLAP · query side
144endpoints
across 82 topics
Top topic managers · SHIP (of 88)
tm_template 18tm_plite 15tm_uhrp 12tm_users 11tm_identity 10
Top lookup services · SLAP (of 82)
ls_template 17ls_uhrp 11ls_identity 10ls_users 10ls_plite 10
Directory topics tm_ship (27) · tm_slap (27) · ls_ship (25) · ls_slap (25)
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 2026-09-12 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

Teragun led identifiable activity at 202,006 transactions. Most chain activity carries no such identifier; the names below are services whose on-chain shape is recognizable from prior analysis.

Teragun 202,006AIRCHIVE 26,631TreeChat 1,441Twetch 1,335dxs 804Indelible 477OYO 465MNEE 1773D Ordi 91BSV Live Master 23memo.cash 16mintBlue 9GaiaLog 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

Data Carrier (OP_RETURN)

DATA_CARRIER · selected from 983,181 candidates

Data Carrier (OP_RETURN) with a 561-byte payload

What it does. This script begins with OP_RETURN, which terminates execution and marks the output as unspendable. The remaining bytes carry arbitrary data.

Why it matters. Currently the most common method for data publication. Used by protocols like B://, MAP, AIP, and TreeChat for files, metadata, and social content.

TX d14904bd04… Block 966,275 561 script bytes
Opcodes used
0
Script preview
OP_0 084149524348495645010103407eb208101b0a90a001000001014d1202de0029a46963616fa6343037454232a863616c6c7369676ea6424157343931a3726567a6472d54544e55a673717561776ba434363130ad61697263726166745f74797065a44132304ea863617465676f7279a24133a27473cf000001a0900a1b10a674735f706f7300a36c6174cb40443036fc158fb4a
Skeleton
OP_0 <DATA>
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.

Support BSV Intel
Every classification in this brief came from a query I wrote, on infrastructure I built. If it's useful to you, sats keep it shipping.
HandCash $bridget33
BSV address 177bRhNJAioCgMyYCaKTJpauXpgHnUfWnK
Telegram @bsvintel_bot
send /subscribe for daily updates