BSV Intel the signal, daily
Edition 202
Tuesday · September 22, 2026
BSV Network · 24 hours ending September 22, 09:23 UTC

Edition 202

Edited by Bridget Doran · Scanned 09:34 UTC, September 22 · Blocks 967,712 → 967,855 · 1,681,608 transactions
Largest move
$1.47M
75,030 BSV · whale tier
Avg block time
9.6min
near schedule
Throughput
20tx/s
peak 484 tx/s
BSV price
$19.60
▲ 8.6% · 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.

6.7 min
Median interval
half the blocks faster
60
Fast blocks1
under 5 min
290,456 txs
Busiest block
block 967,737
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 · 22.8h
Fast (<5 min) · 60 Normal · 65 Slow (>20 min) · 19
For the technical reader

Block timing. Mean interval 573.3 seconds (9.6 min) over 143 measured intervals across 144 blocks; median 404 seconds (6.7 min). Range 2 s to 2491 s (41.5 min). One sub-3-second interval observed.

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

Largest block. Block 967,737 at 290,456 transactions, the peak load in the window. Avg tx/block across all 144 blocks was 11,678.

№ 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 v0.15.9-beta-2 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
5
Caught up → tip
synced to latest block
Versions in use · 5 operators
v0.15.9-beta-2 1 · v0.15.9 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 967,867). 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 27.1%. Distribution within normal range.

Mining-Dutch 27.1%
CUVVE 14.6%
qdlnk 13.2%
SA100 13.2%
GorillaPool 9%
Kryptex 6.9%
molepool.com 6.9%
taal.com 6.3%
Bitofsin 2.8%
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 39, CUVVE 21, qdlnk 19, SA100 19, GorillaPool 13, Kryptex 10, molepool.com 10, taal.com 9, Bitofsin 4. 144 of 144 blocks identified.

№ 04 Capital Flow

300 movements crossed the chain

8 of them moved more than 10,000 BSV, a combined ~$5.8 million at today's price.

8
Major
> 10K BSV
~$196,000+
63
Notable
1K – 10K BSV
~$19,600 – 196,000
229
Significant
100 – 1K BSV
~$1,960 – 19,600
Top movements
75,030.26BSV
≈ $1,470,593 353fe1f0d3…
2 → 2 Neutral
75,019.99BSV
≈ $1,470,392 788b2a1911…
2 → 2 Neutral
44,897.02BSV
≈ $879,982 d7d43e86e1…
2 → 2 Neutral
29,897.09BSV
≈ $585,983 182a86c4af…
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 205 days

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

New to the radar
17AqFACDaJbueZB1uV… 75,030 BSV First appearance
1Hygyx9dbpbehuxjsd… 75,020 BSV First appearance
153GYbQtzTXUXpVx5Q… 44,897 BSV First appearance
Recurring addresses
Address Behavior Confidence Active
8,293,337 BSV · 416 txs
Exchange-Like High 03-04 → 09-22
5,843,942 BSV · 191 txs
Exchange-Like High 03-02 → 09-22
2,775,220 BSV · 133 txs
Exchange-Like High 03-02 → 08-19
17,998,412 BSV · 116 txs
Exchange-Like High 03-08 → 09-22
0 BSV · 114 txs
Accumulator High 03-08 → 09-22
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 205-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
$19.60
▲ 8.6% over 24h
Throughput, avg
20tx/s
peak 484 tx/s · 10-min window
Avg tx / block11,678
Max tx / block290,456
Total transactions1,681,608
10-min peak290,456
For the technical reader

TPS is computed over the 22.8 hours of the scan window in 10-minute intervals, not per block. The peak is the busiest 10-minute window observed (290,456 transactions, ≈ 484 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

1,681,608 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 — 528 txs10:40 UTC — 684 txs10:50 UTC — 1,384 txs11:00 UTC — 4,250 txs11:10 UTC — 2,227 txs11:20 UTC — 1,664 txs11:30 UTC — 1,477 txs11:40 UTC — 167 txs11:50 UTC — 1,771 txs12:00 UTC — 0 txs12:10 UTC — 2,566 txs12:20 UTC — 0 txs12:30 UTC — 2,621 txs12:40 UTC — 751 txs12:50 UTC — 0 txs13:00 UTC — 2,587 txs13:10 UTC — 732 txs13:20 UTC — 0 txs13:30 UTC — 0 txs13:40 UTC — 2,757 txs13:50 UTC — 0 txs14:00 UTC — 201,678 txs202k14:10 UTC — 10 txs14:20 UTC — 0 txs14:30 UTC — 290,456 txs290k14:40 UTC — 9,830 txs14:50 UTC — 0 txs15:00 UTC — 741 txs15:10 UTC — 638 txs15:20 UTC — 169 txs15:30 UTC — 0 txs15:40 UTC — 1,111 txs15:50 UTC — 13 txs16:00 UTC — 1,211 txs16:10 UTC — 0 txs16:20 UTC — 0 txs16:30 UTC — 1,275 txs16:40 UTC — 50,603 txs16:50 UTC — 633 txs17:00 UTC — 283 txs17:10 UTC — 0 txs17:20 UTC — 18 txs17:30 UTC — 67,587 txs17:40 UTC — 0 txs17:50 UTC — 150,415 txs150k18:00 UTC — 0 txs18:10 UTC — 24,098 txs18:20 UTC — 0 txs18:30 UTC — 273,426 txs273k18:40 UTC — 5,275 txs18:50 UTC — 0 txs19:00 UTC — 14,881 txs19:10 UTC — 0 txs19:20 UTC — 11,623 txs19:30 UTC — 0 txs19:40 UTC — 0 txs19:50 UTC — 0 txs20:00 UTC — 33,393 txs20:10 UTC — 3,902 txs20:20 UTC — 6,581 txs20:30 UTC — 6,482 txs20:40 UTC — 0 txs20:50 UTC — 0 txs21:00 UTC — 14,610 txs21:10 UTC — 4,847 txs21:20 UTC — 12 txs21:30 UTC — 10,615 txs21:40 UTC — 4,552 txs21:50 UTC — 1,618 txs22:00 UTC — 0 txs22:10 UTC — 9,569 txs22:20 UTC — 1,332 txs22:30 UTC — 0 txs22:40 UTC — 10,454 txs22:50 UTC — 4,600 txs23:00 UTC — 3,350 txs23:10 UTC — 1,064 txs23:20 UTC — 7,980 txs23:30 UTC — 5,257 txs23:40 UTC — 6,792 txs23:50 UTC — 0 txs00:00 UTC — 7,116 txs00:10 UTC — 8,511 txs00:20 UTC — 1,966 txs00:30 UTC — 34,852 txs00:40 UTC — 2,551 txs00:50 UTC — 2,448 txs01:00 UTC — 8,377 txs01:10 UTC — 3,444 txs01:20 UTC — 7,317 txs01:30 UTC — 7,830 txs01:40 UTC — 0 txs01:50 UTC — 12,730 txs02:00 UTC — 0 txs02:10 UTC — 0 txs02:20 UTC — 0 txs02:30 UTC — 20,184 txs02:40 UTC — 0 txs02:50 UTC — 13,227 txs03:00 UTC — 2,986 txs03:10 UTC — 127 txs03:20 UTC — 7,569 txs03:30 UTC — 8,708 txs03:40 UTC — 0 txs03:50 UTC — 34 txs04:00 UTC — 0 txs04:10 UTC — 22,387 txs04:20 UTC — 2,876 txs04:30 UTC — 0 txs04:40 UTC — 13,224 txs04:50 UTC — 0 txs05:00 UTC — 0 txs05:10 UTC — 169 txs05:20 UTC — 0 txs05:30 UTC — 27,631 txs05:40 UTC — 0 txs05:50 UTC — 12,683 txs06:00 UTC — 3,747 txs06:10 UTC — 5,023 txs06:20 UTC — 0 txs06:30 UTC — 14,422 txs06:40 UTC — 8,923 txs06:50 UTC — 6,636 txs07:00 UTC — 0 txs07:10 UTC — 15,273 txs07:20 UTC — 10,335 txs07:30 UTC — 715 txs07:40 UTC — 0 txs07:50 UTC — 0 txs08:00 UTC — 35,424 txs08:10 UTC — 0 txs08:20 UTC — 581 txs08:30 UTC — 29,087 txs08:40 UTC — 10,638 txs08:50 UTC — 0 txs09:00 UTC — 0 txs09:10 UTC — 0 txs09:20 UTC — 42,707 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: 290,456 txs Coverage: 144 blocks · 22.8h 09-21 10:36 UTC → 09-22 09:23 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

3.7 million outputs, by purpose

The TxBlaster service produced 61.8% of transactions, posting paired payment and data-publication outputs continuously. The breakdown below isolates the remaining 38.2% 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 · 61.8%
38.2%
1,039,660 tx 641,948 tx · all other
Excluding TxBlaster3 · 1,598,557 outputs
Payment 58.2% 929,583
P2PKH 916,898 · P2PK 12,653 · Multisig 32
Data Publication 41.0% 656,116
OP_RETURN 652,232 · Ordinal envelopes 471 · Spendable metadata 3,413
Contracts & Tokens 0.80% 12,858
STAS Gen 3: 160 · Custom locking: 12,698 · 11 unique structures

Of 668,974 non-payment outputs in this window, 97.5% were prunable (OP_RETURN) and 2.5% 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 652,232Spendable metadata 3,413Ordinal envelope 471STAS Gen 3 160Custom locking 12,698
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 62% 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. 11 unique structures observed today across 12,858 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
Metanet4 4,522MAP 3,268B:// 2,272AIP 2,1241Sat-Ordinal 472BSV-21 290STAS 36
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 1,588text/plain 378application/bsv-20 290image/webp 208image/jpeg 147image/png 52text/html 31application/json 20
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 2026-09-22 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

GaiaLog led identifiable activity at 408,600 transactions. Most chain activity carries no such identifier; the names below are services whose on-chain shape is recognizable from prior analysis.

GaiaLog 408,600AIRCHIVE 105,378Teragun 50,002TreeChat 1,571dxs 1,476Twetch 1,456OYO 1,289Indelible 7603D Ordi 180MNEE 130memo.cash 32mintBlue 7ButterCup 2
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 1,691,892 candidates

Data Carrier (OP_RETURN) with a 306-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 6307ac4575… Block 967,712 306 script bytes
Opcodes used
0
Script preview
OP_0 223150755161374b36324d694b43747373534c4b79316b683536575755374d7455523503534554036170700874726565636861740474797065046c696b6507636f6e74657874027478027478403466613030616439326564396262303537663636633833663062663031616339656530376339653532643662623662626461343839663435353033366435303705656d6f6a690
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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