BSV Intel the signal, daily
Edition 203
Wednesday · September 23, 2026
BSV Network · 24 hours ending September 23, 09:11 UTC

Edition 203

Edited by Bridget Doran · Scanned 09:32 UTC, September 23 · Blocks 967,861 → 968,004 · 489,128 transactions
Largest move
$671K
29,817 BSV · whale tier
Avg block time
9.5min
near schedule
Throughput
6tx/s
peak 237 tx/s
BSV price
$22.51
▲ 14.2% · 24h
№ 01 Chain Health

9 pools, on schedule

9 pools produced today's 144 blocks at an average interval of 9.5 min — on schedule relative to the 10-minute target.

6.9 min
Median interval
half the blocks faster
55
Fast blocks1
under 5 min
77,915 txs
Busiest block
block 967,906
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 · 22.6h
Fast (<5 min) · 55 Normal · 74 Slow (>20 min) · 15
For the technical reader

Block timing. Mean interval 570.1 seconds (9.5 min) over 143 measured intervals across 144 blocks; median 412 seconds (6.9 min). Range 1 s to 2600 s (43.3 min). One sub-3-second interval observed.

Cadence. Average interval 9.5 min — on schedule relative to the 10-minute target. 9 pools produced today's blocks.

Largest block. Block 967,906 at 77,915 transactions, the peak load in the window. Avg tx/block across all 144 blocks was 3,397.

№ 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 v0.15.9-beta-2 to v0.16.0-beta-13. 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
v0.15.9-beta-2 1 · v0.15.9 3 · v0.16.0-beta-11 1 · v0.16.0-beta-13 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 968,016). 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

CUVVE led at 16.7%. Distribution within normal range.

CUVVE 16.7%
qdlnk 15.3%
SA100 15.3%
taal.com 15.3%
GorillaPool 9%
Kryptex 8.3%
unknown 7.6%
Mining-Dutch 4.9%
molepool.com 4.9%
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: CUVVE 24, qdlnk 22, SA100 22, taal.com 22, GorillaPool 13, Kryptex 12, unknown 11, Mining-Dutch 7, molepool.com 7, Bitofsin 4. 133 of 144 blocks identified.

№ 04 Capital Flow

626 movements crossed the chain

27 of them moved more than 10,000 BSV, a combined ~$6.1 million at today's price.

27
Major
> 10K BSV
~$225,100+
104
Notable
1K – 10K BSV
~$22,510 – 225,100
495
Significant
100 – 1K BSV
~$2,251 – 22,510
Top movements
29,817.07BSV
≈ $671,182 e093e93242…
1 → 9 Distribution
29,032.09BSV
≈ $653,512 9e32f559d6…
1 → 2 Neutral
28,905.21BSV
≈ $650,656 53135f4b33…
1 → 2 Neutral
27,361.29BSV
≈ $615,903 28d81c95c8…
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 206 days

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

New to the radar
19BXT4WDxxew4pcUFT… 29,817 BSV First appearance
1PWGmaSnAiRFMRs6qw… 29,817 BSV First appearance
17EBUo2xKfC5eq51zW… 27,361 BSV First appearance
Recurring addresses
Address Behavior Confidence Active
8,823,650 BSV · 426 txs
Exchange-Like High 03-04 → 09-23
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 206-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
$22.51
▲ 14.2% over 24h
Throughput, avg
6tx/s
peak 237 tx/s · 10-min window
Avg tx / block3,397
Max tx / block77,915
Total transactions489,128
10-min peak142,038
For the technical reader

TPS is computed over the 22.6 hours of the scan window in 10-minute intervals, not per block. The peak is the busiest 10-minute window observed (142,038 transactions, ≈ 237 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

489,128 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 — 1,714 txs10:40 UTC — 3,086 txs10:50 UTC — 0 txs11:00 UTC — 4,123 txs11:10 UTC — 0 txs11:20 UTC — 2,613 txs11:30 UTC — 4,674 txs11:40 UTC — 0 txs11:50 UTC — 6,204 txs12:00 UTC — 0 txs12:10 UTC — 0 txs12:20 UTC — 14,154 txs12:30 UTC — 129 txs12:40 UTC — 2,965 txs12:50 UTC — 11,719 txs13:00 UTC — 939 txs13:10 UTC — 1,155 txs13:20 UTC — 2,112 txs13:30 UTC — 860 txs13:40 UTC — 1,905 txs13:50 UTC — 1,800 txs14:00 UTC — 0 txs14:10 UTC — 2,255 txs14:20 UTC — 1,039 txs14:30 UTC — 0 txs14:40 UTC — 3,456 txs14:50 UTC — 3,913 txs15:00 UTC — 2,329 txs15:10 UTC — 480 txs15:20 UTC — 0 txs15:30 UTC — 0 txs15:40 UTC — 0 txs15:50 UTC — 5,376 txs16:00 UTC — 0 txs16:10 UTC — 0 txs16:20 UTC — 3,796 txs16:30 UTC — 26,132 txs16:40 UTC — 51,818 txs16:50 UTC — 535 txs17:00 UTC — 47,735 txs17:10 UTC — 0 txs17:20 UTC — 142,038 txs142k17:30 UTC — 0 txs17:40 UTC — 0 txs17:50 UTC — 749 txs18:00 UTC — 73 txs18:10 UTC — 9,687 txs18:20 UTC — 1,083 txs18:30 UTC — 2,170 txs18:40 UTC — 0 txs18:50 UTC — 2,276 txs19:00 UTC — 1,949 txs19:10 UTC — 299 txs19:20 UTC — 6 txs19:30 UTC — 0 txs19:40 UTC — 0 txs19:50 UTC — 0 txs20:00 UTC — 0 txs20:10 UTC — 4,738 txs20:20 UTC — 31 txs20:30 UTC — 2,788 txs20:40 UTC — 0 txs20:50 UTC — 2,322 txs21:00 UTC — 650 txs21:10 UTC — 239 txs21:20 UTC — 1,415 txs21:30 UTC — 5 txs21:40 UTC — 909 txs21:50 UTC — 0 txs22:00 UTC — 910 txs22:10 UTC — 10,660 txs22:20 UTC — 0 txs22:30 UTC — 1,478 txs22:40 UTC — 551 txs22:50 UTC — 444 txs23:00 UTC — 453 txs23:10 UTC — 532 txs23:20 UTC — 0 txs23:30 UTC — 2,230 txs23:40 UTC — 1,019 txs23:50 UTC — 0 txs00:00 UTC — 1,659 txs00:10 UTC — 150 txs00:20 UTC — 0 txs00:30 UTC — 0 txs00:40 UTC — 1,575 txs00:50 UTC — 554 txs01:00 UTC — 688 txs01:10 UTC — 448 txs01:20 UTC — 13 txs01:30 UTC — 234 txs01:40 UTC — 2,384 txs01:50 UTC — 0 txs02:00 UTC — 1,444 txs02:10 UTC — 1,109 txs02:20 UTC — 0 txs02:30 UTC — 1,794 txs02:40 UTC — 295 txs02:50 UTC — 799 txs03:00 UTC — 576 txs03:10 UTC — 0 txs03:20 UTC — 1,370 txs03:30 UTC — 436 txs03:40 UTC — 1,228 txs03:50 UTC — 8 txs04:00 UTC — 1,222 txs04:10 UTC — 0 txs04:20 UTC — 0 txs04:30 UTC — 0 txs04:40 UTC — 1,803 txs04:50 UTC — 434 txs05:00 UTC — 0 txs05:10 UTC — 1,010 txs05:20 UTC — 1,956 txs05:30 UTC — 49 txs05:40 UTC — 0 txs05:50 UTC — 7,501 txs06:00 UTC — 0 txs06:10 UTC — 4,789 txs06:20 UTC — 0 txs06:30 UTC — 0 txs06:40 UTC — 10,910 txs06:50 UTC — 5,797 txs07:00 UTC — 4,832 txs07:10 UTC — 1,233 txs07:20 UTC — 2,286 txs07:30 UTC — 810 txs07:40 UTC — 0 txs07:50 UTC — 2,093 txs08:00 UTC — 0 txs08:10 UTC — 30 txs08:20 UTC — 8,901 txs08:30 UTC — 0 txs08:40 UTC — 6,995 txs08:50 UTC — 0 txs09:00 UTC — 6,760 txs09:10 UTC — 2,233 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: 142,038 txs Coverage: 144 blocks · 22.6h 09-22 10:32 UTC → 09-23 09:11 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

1.3 million outputs, by purpose

The TxBlaster service produced 9.7% of transactions, posting paired payment and data-publication outputs continuously. The breakdown below isolates the remaining 90.3% 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 · 9.7%
90.3%
47,385 tx 441,743 tx · all other
Excluding TxBlaster3 · 1,167,028 outputs
Payment 58.3% 680,461
P2PKH 675,925 · P2PK 4,519 · Multisig 17
Data Publication 38.7% 451,342
OP_RETURN 450,469 · Ordinal envelopes 784 · Spendable metadata 89
Contracts & Tokens 3.02% 35,225
STAS Gen 3: 108 · Custom locking: 35,117 · 10 unique structures

Of 486,567 non-payment outputs in this window, 92.6% were prunable (OP_RETURN) and 7.4% 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 450,469Spendable metadata 89Ordinal envelope 784STAS Gen 3 108Custom locking 35,117
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 10% 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. 10 unique structures observed today across 35,225 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 6,361MAP 3,960AIP 2,770B:// 2,5581Sat-Ordinal 785BSV-21 151STAS 38BAP-ID 1
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 1,832text/plain 790image/webp 218image/jpeg 156application/bsv-20 151image/png 90application/json 46text/html 28
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 2026-09-23 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 240,005 transactions. Most chain activity carries no such identifier; the names below are services whose on-chain shape is recognizable from prior analysis.

Teragun 240,005AIRCHIVE 80,860OYO 3,654dxs 2,479Twetch 1,897TreeChat 1,860Indelible 637GaiaLog 6053D Ordi 117MNEE 101memo.cash 97BSV Live Master 58mintBlue 40BSV Feed/View 22
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 784 candidates

Ordinal Inscription with a 20,336-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 f12b9911d3… Block 967,871 20,336 script bytes
Opcodes used
DUPHASH160EQUALVERIFYCHECKSIG0IF1ENDIF
Script preview
OP_DUP OP_HASH160 b5ce94cfdd5f88cb5479e66ef1afa0e2df8fd9fa OP_EQUALVERIFY OP_CHECKSIG OP_0 OP_IF 6f7264 OP_1 696d6167652f77656270 OP_0 89504e470d0a1a0a0000000d49484452000001000000010008060000005c72a8660000200049444154789cecbd0998a4595926fa9ef36fb16746ae9599b57657f5bed0dd6c36208b202d0a2acea8b80e5e159
Skeleton
OP_DUP OP_HASH160 <DATA> OP_EQUALVERIFY OP_CHECKSIG OP_0 OP_IF 6f7264 OP_1 <DATA> OP_0 <DATA> OP_ENDIF <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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