BSV Intel the signal, daily
Edition 197
Thursday · September 17, 2026
BSV Network · 24 hours ending September 17, 09:13 UTC

Edition 197

Edited by Bridget Doran · Scanned 09:31 UTC, September 17 · Blocks 966,991 → 967,134 · 250,832 transactions
Largest move
$210K
12,980 BSV · whale tier
Avg block time
9.9min
near schedule
Throughput
3tx/s
peak 175 tx/s
BSV price
$16.16
▲ 0.9% · 24h
№ 01 Chain Health

9 pools, on schedule

9 pools produced today's 144 blocks at an average interval of 9.9 min — on schedule relative to the 10-minute target.

7.2 min
Median interval
half the blocks faster
61
Fast blocks1
under 5 min
104,977 txs
Busiest block
block 967,060
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 · 23.5h
Fast (<5 min) · 61 Normal · 61 Slow (>20 min) · 22
For the technical reader

Block timing. Mean interval 595.1 seconds (9.9 min) over 142 measured intervals across 144 blocks; median 433 seconds (7.2 min). Range 3 s to 3880 s (64.7 min).

Cadence. Average interval 9.9 min — on schedule relative to the 10-minute target. 9 pools produced today's blocks.

Largest block. Block 967,060 at 104,977 transactions, the peak load in the window. Avg tx/block across all 144 blocks was 1,742.

№ 02 Teranode Network

5 Teranode operators visible on the public network

At least 5 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.

5
Visible
announcing on mesh
2
Public relays
accept external tx
4
Caught up → tip
synced to latest block
Versions in use · 5 operators
v0.15.6 2 · v0.15.9-beta-2 1 · v0.15.9-beta-5 1 · 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 967,144). 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

Mining-Dutch led at 17.4%. Distribution within normal range.

Mining-Dutch 17.4%
qdlnk 13.2%
taal.com 13.2%
CUVVE 13.2%
GorillaPool 10.4%
SA100 9.7%
Kryptex 9.7%
Bitofsin 8.3%
molepool.com 4.2%
unknown 0.7%
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: Mining-Dutch 25, qdlnk 19, taal.com 19, CUVVE 19, GorillaPool 15, SA100 14, Kryptex 14, Bitofsin 12, molepool.com 6, unknown 1. 143 of 144 blocks identified.

№ 04 Capital Flow

142 movements crossed the chain

2 of them moved more than 10,000 BSV, a combined ~$419,498 at today's price.

2
Major
> 10K BSV
~$161,600+
11
Notable
1K – 10K BSV
~$16,160 – 161,600
129
Significant
100 – 1K BSV
~$1,616 – 16,160
Top movements
12,979.72BSV
≈ $209,752 1f46c2e7be…
1 → 2 Neutral
12,979.29BSV
≈ $209,745 9a5ba45060…
1 → 2 Neutral
2,058.25BSV
≈ $33,261 b8b50d60b5…
1 → 2 Neutral
1,802.30BSV
≈ $29,125 3adab23fad…
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

66 tracked addresses across 200 days

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

New to the radar
1Axhmj9H7z6uzG8vXP… 12,979 BSV First appearance
1GRjbsRmPooukjEX5n… 2,058 BSV First appearance
12hiDEmZepsAq4N5wp… 1,802 BSV First appearance
Recurring addresses
Address Behavior Confidence Active
7,985,894 BSV · 404 txs
Exchange-Like High 03-04 → 09-16
5,592,367 BSV · 181 txs
Exchange-Like High 03-02 → 09-17
2,775,220 BSV · 133 txs
Exchange-Like High 03-02 → 08-19
17,398,084 BSV · 112 txs
Exchange-Like High 03-08 → 09-15
0 BSV · 111 txs
Accumulator High 03-08 → 09-15
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 200-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
$16.16
▲ 0.9% over 24h
Throughput, avg
3tx/s
peak 175 tx/s · 10-min window
Avg tx / block1,742
Max tx / block104,977
Total transactions250,832
10-min peak104,977
For the technical reader

TPS is computed over the 23.5 hours of the scan window in 10-minute intervals, not per block. The peak is the busiest 10-minute window observed (104,977 transactions, ≈ 175 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 26 hours

250,832 transactions mapped to 10-minute windows. The brightest cell is the busiest window of the day.

09121518210003060910:00:10:20:30:40:5009:00 UTC — 0 txs09:10 UTC — 0 txs09:20 UTC — 0 txs09:30 UTC — 0 txs09:40 UTC — 1,385 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 — 2,944 txs11:00 UTC — 0 txs11:10 UTC — 1,051 txs11:20 UTC — 1,842 txs11:30 UTC — 2,812 txs11:40 UTC — 1,816 txs11:50 UTC — 2,026 txs12:00 UTC — 0 txs12:10 UTC — 2,826 txs12:20 UTC — 212 txs12:30 UTC — 0 txs12:40 UTC — 2,994 txs12:50 UTC — 0 txs13:00 UTC — 7,796 txs13:10 UTC — 1,438 txs13:20 UTC — 941 txs13:30 UTC — 3,301 txs13:40 UTC — 1,756 txs13:50 UTC — 0 txs14:00 UTC — 2,985 txs14:10 UTC — 1,560 txs14:20 UTC — 0 txs14:30 UTC — 0 txs14:40 UTC — 3,416 txs14:50 UTC — 1,753 txs15:00 UTC — 802 txs15:10 UTC — 0 txs15:20 UTC — 3,343 txs15:30 UTC — 1,299 txs15:40 UTC — 1,183 txs15:50 UTC — 0 txs16:00 UTC — 2,720 txs16:10 UTC — 537 txs16:20 UTC — 1,223 txs16:30 UTC — 0 txs16:40 UTC — 0 txs16:50 UTC — 22,487 txs17:00 UTC — 0 txs17:10 UTC — 0 txs17:20 UTC — 2,439 txs17:30 UTC — 98 txs17:40 UTC — 0 txs17:50 UTC — 1,816 txs18:00 UTC — 0 txs18:10 UTC — 0 txs18:20 UTC — 2,464 txs18:30 UTC — 0 txs18:40 UTC — 0 txs18:50 UTC — 2,366 txs19:00 UTC — 0 txs19:10 UTC — 0 txs19:20 UTC — 0 txs19:30 UTC — 0 txs19:40 UTC — 3,112 txs19:50 UTC — 1,937 txs20:00 UTC — 19 txs20:10 UTC — 1,120 txs20:20 UTC — 1,404 txs20:30 UTC — 1,228 txs20:40 UTC — 0 txs20:50 UTC — 0 txs21:00 UTC — 0 txs21:10 UTC — 61 txs21:20 UTC — 26 txs21:30 UTC — 0 txs21:40 UTC — 25 txs21:50 UTC — 0 txs22:00 UTC — 104,977 txs105k22:10 UTC — 572 txs22:20 UTC — 949 txs22:30 UTC — 0 txs22:40 UTC — 1,383 txs22:50 UTC — 579 txs23:00 UTC — 760 txs23:10 UTC — 0 txs23:20 UTC — 0 txs23:30 UTC — 1,590 txs23:40 UTC — 514 txs23:50 UTC — 5,403 txs00:00 UTC — 23 txs00:10 UTC — 2,111 txs00:20 UTC — 544 txs00:30 UTC — 0 txs00:40 UTC — 0 txs00:50 UTC — 0 txs01:00 UTC — 3,915 txs01:10 UTC — 0 txs01:20 UTC — 1,306 txs01:30 UTC — 544 txs01:40 UTC — 675 txs01:50 UTC — 0 txs02:00 UTC — 0 txs02:10 UTC — 1,713 txs02:20 UTC — 1,408 txs02:30 UTC — 11 txs02:40 UTC — 1,452 txs02:50 UTC — 0 txs03:00 UTC — 1,403 txs03:10 UTC — 0 txs03:20 UTC — 0 txs03:30 UTC — 0 txs03:40 UTC — 0 txs03:50 UTC — 305 txs04:00 UTC — 2,525 txs04:10 UTC — 0 txs04:20 UTC — 1,345 txs04:30 UTC — 613 txs04:40 UTC — 0 txs04:50 UTC — 0 txs05:00 UTC — 1,882 txs05:10 UTC — 0 txs05:20 UTC — 970 txs05:30 UTC — 0 txs05:40 UTC — 1,565 txs05:50 UTC — 18 txs06:00 UTC — 0 txs06:10 UTC — 1,702 txs06:20 UTC — 18 txs06:30 UTC — 484 txs06:40 UTC — 1,598 txs06:50 UTC — 410 txs07:00 UTC — 842 txs07:10 UTC — 0 txs07:20 UTC — 1,024 txs07:30 UTC — 1,198 txs07:40 UTC — 0 txs07:50 UTC — 37 txs08:00 UTC — 1,695 txs08:10 UTC — 691 txs08:20 UTC — 0 txs08:30 UTC — 46 txs08:40 UTC — 0 txs08:50 UTC — 2,456 txs09:00 UTC — 0 txs09:10 UTC — 1,013 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: 104,977 txs Coverage: 144 blocks · 23.5h 09-16 09:46 UTC → 09-17 09:13 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

0.6 million outputs, by purpose

The TxBlaster service produced 42.4% of transactions, posting paired payment and data-publication outputs continuously. The breakdown below isolates the remaining 57.6% 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 · 42.4%
57.6%
106,259 tx 144,573 tx · all other
Excluding TxBlaster3 · 435,071 outputs
Payment 54.7% 238,035
P2PKH 233,007 · P2PK 5,021 · Multisig 7
Data Publication 39.3% 171,043
OP_RETURN 167,551 · Ordinal envelopes 233 · Spendable metadata 3,259
Contracts & Tokens 5.97% 25,993
STAS Gen 3: 183 · Custom locking: 25,810 · 14 unique structures

Of 197,036 non-payment outputs in this window, 85.0% were prunable (OP_RETURN) and 15.0% 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 167,551Spendable metadata 3,259Ordinal envelope 233STAS Gen 3 183Custom locking 25,810
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 42% 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 25,993 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 3,116Metanet4 2,937AIP 1,963B:// 1,8511Sat-Ordinal 236BSV-21 70STAS 10BAP 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 1,335text/plain 332image/webp 138application/bsv-20 71image/jpeg 50image/svg+xml 47image/png 36application/json 31
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 · 141 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
141endpoints
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_plite 10ls_users 9
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 2026-09-17 11:15 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 21,003 transactions. Most chain activity carries no such identifier; the names below are services whose on-chain shape is recognizable from prior analysis.

Teragun 21,003AIRCHIVE 15,219OYO 2,573TreeChat 1,466Twetch 1,404dxs 1,236Indelible 3033D Ordi 131memo.cash 54MNEE 50BSV Live Master 23BSV Feed/View 23mintBlue 16Semantos 4
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 273,810 candidates

Data Carrier (OP_RETURN) with a 499-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 21ec9b62d0… Block 966,991 499 script bytes
Opcodes used
0
Script preview
OP_0 046d65746122314c545371446f5147395047734d5a57624c664858476d623656764659467850347240333332396566383032623430643265666134626532663731366666653561306632393063376464353231373436663833346263396536376164343664623830630964742d6f626a6563740b6469676974616c7477696e0601a0a99851b201020601a0a99816d00601a0a99
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.

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