BSV Intel the signal, daily
Edition 204
Thursday · September 24, 2026
BSV Network · 24 hours ending September 24, 09:13 UTC

Edition 204

Edited by Bridget Doran · Scanned 09:32 UTC, September 24 · Blocks 968,010 → 968,153 · 2,933,264 transactions
Largest move
$1.61M
74,942 BSV · whale tier
Avg block time
9.6min
near schedule
Throughput
36tx/s
peak 626 tx/s
BSV price
$21.47
▼ 4.6% · 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.

6.2 min
Median interval
half the blocks faster
67
Fast blocks1
under 5 min
375,439 txs
Busiest block
block 968,100
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) · 67 Normal · 57 Slow (>20 min) · 20
For the technical reader

Block timing. Mean interval 573.5 seconds (9.6 min) over 143 measured intervals across 144 blocks; median 370 seconds (6.2 min). Range 4 s to 3170 s (52.8 min).

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

Largest block. Block 968,100 at 375,439 transactions, the peak load in the window. Avg tx/block across all 144 blocks was 20,370.

№ 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 968,162). 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 18.8%. Distribution within normal range.

CUVVE 18.8%
SA100 15.3%
Kryptex 13.2%
taal.com 13.2%
GorillaPool 11.1%
qdlnk 8.3%
molepool.com 6.9%
Mining-Dutch 5.6%
unknown 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 27, SA100 22, Kryptex 19, taal.com 19, GorillaPool 16, qdlnk 12, molepool.com 10, Mining-Dutch 8, unknown 7, Bitofsin 4. 137 of 144 blocks identified.

№ 04 Capital Flow

348 movements crossed the chain

3 of them moved more than 10,000 BSV, a combined ~$2.2 million at today's price.

3
Major
> 10K BSV
~$214,700+
74
Notable
1K – 10K BSV
~$21,470 – 214,700
271
Significant
100 – 1K BSV
~$2,147 – 21,470
Top movements
74,942.14BSV
≈ $1,609,008 5dbf029035…
2 → 2 Neutral
15,617.14BSV
≈ $335,300 e0c822170f…
1 → 8 Distribution
12,487.17BSV
≈ $268,100 d3f351da7a…
1 → 3 Neutral
9,659.33BSV
≈ $207,386 cee6a679b1…
1 → 5 Distribution
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

69 tracked addresses across 207 days

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

New to the radar
1PvCeGffW4yNemFomm… 74,942 BSV First appearance
1HcyhM63PaXcbNCVqU… 15,617 BSV First appearance
1P1DYNZetweYs4CgXN… 15,617 BSV First appearance
Recurring addresses
Address Behavior Confidence Active
8,913,195 BSV · 431 txs
Exchange-Like High 03-04 → 09-24
5,900,090 BSV · 194 txs
Exchange-Like High 03-02 → 09-24
2,775,220 BSV · 133 txs
Exchange-Like High 03-02 → 08-19
18,148,190 BSV · 117 txs
Exchange-Like High 03-08 → 09-24
0 BSV · 115 txs
Accumulator High 03-08 → 09-24
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 207-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
$21.47
▼ 4.6% over 24h
Throughput, avg
36tx/s
peak 626 tx/s · 10-min window
Avg tx / block20,370
Max tx / block375,439
Total transactions2,933,264
10-min peak375,492
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 (375,492 transactions, ≈ 626 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

2,933,264 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 — 20 txs10:30 UTC — 1,238 txs10:40 UTC — 536 txs10:50 UTC — 758 txs11:00 UTC — 0 txs11:10 UTC — 1,369 txs11:20 UTC — 0 txs11:30 UTC — 945 txs11:40 UTC — 0 txs11:50 UTC — 2,032 txs12:00 UTC — 0 txs12:10 UTC — 999 txs12:20 UTC — 0 txs12:30 UTC — 1,150 txs12:40 UTC — 0 txs12:50 UTC — 0 txs13:00 UTC — 201,804 txs202k13:10 UTC — 97,700 txs13:20 UTC — 82,935 txs13:30 UTC — 0 txs13:40 UTC — 0 txs13:50 UTC — 0 txs14:00 UTC — 122,620 txs14:10 UTC — 255 txs14:20 UTC — 3,611 txs14:30 UTC — 0 txs14:40 UTC — 21,098 txs14:50 UTC — 0 txs15:00 UTC — 4,850 txs15:10 UTC — 6,356 txs15:20 UTC — 0 txs15:30 UTC — 0 txs15:40 UTC — 40,277 txs15:50 UTC — 185,832 txs186k16:00 UTC — 0 txs16:10 UTC — 0 txs16:20 UTC — 0 txs16:30 UTC — 302,307 txs302k16:40 UTC — 58,404 txs16:50 UTC — 154 txs17:00 UTC — 630 txs17:10 UTC — 0 txs17:20 UTC — 0 txs17:30 UTC — 1,895 txs17:40 UTC — 0 txs17:50 UTC — 653 txs18:00 UTC — 18 txs18:10 UTC — 1,028 txs18:20 UTC — 148 txs18:30 UTC — 759 txs18:40 UTC — 0 txs18:50 UTC — 10,646 txs19:00 UTC — 588 txs19:10 UTC — 4 txs19:20 UTC — 183,844 txs184k19:30 UTC — 105,418 txs19:40 UTC — 193,719 txs194k19:50 UTC — 0 txs20:00 UTC — 119,246 txs20:10 UTC — 50,977 txs20:20 UTC — 0 txs20:30 UTC — 225 txs20:40 UTC — 0 txs20:50 UTC — 0 txs21:00 UTC — 391 txs21:10 UTC — 40 txs21:20 UTC — 1,124 txs21:30 UTC — 107 txs21:40 UTC — 659 txs21:50 UTC — 139 txs22:00 UTC — 33,521 txs22:10 UTC — 153,002 txs153k22:20 UTC — 124,946 txs22:30 UTC — 0 txs22:40 UTC — 191,308 txs191k22:50 UTC — 27 txs23:00 UTC — 0 txs23:10 UTC — 0 txs23:20 UTC — 3,626 txs23:30 UTC — 200 txs23:40 UTC — 0 txs23:50 UTC — 0 txs00:00 UTC — 0 txs00:10 UTC — 0 txs00:20 UTC — 2,874 txs00:30 UTC — 90,203 txs00:40 UTC — 31,720 txs00:50 UTC — 0 txs01:00 UTC — 0 txs01:10 UTC — 0 txs01:20 UTC — 0 txs01:30 UTC — 7,393 txs01:40 UTC — 375,492 txs375k01:50 UTC — 301 txs02:00 UTC — 27 txs02:10 UTC — 0 txs02:20 UTC — 0 txs02:30 UTC — 853 txs02:40 UTC — 0 txs02:50 UTC — 0 txs03:00 UTC — 367 txs03:10 UTC — 602 txs03:20 UTC — 20 txs03:30 UTC — 399 txs03:40 UTC — 0 txs03:50 UTC — 0 txs04:00 UTC — 1,289 txs04:10 UTC — 388 txs04:20 UTC — 0 txs04:30 UTC — 903 txs04:40 UTC — 108 txs04:50 UTC — 1,343 txs05:00 UTC — 395 txs05:10 UTC — 265 txs05:20 UTC — 0 txs05:30 UTC — 541 txs05:40 UTC — 0 txs05:50 UTC — 1,276 txs06:00 UTC — 0 txs06:10 UTC — 0 txs06:20 UTC — 747 txs06:30 UTC — 17 txs06:40 UTC — 0 txs06:50 UTC — 0 txs07:00 UTC — 50,525 txs07:10 UTC — 0 txs07:20 UTC — 0 txs07:30 UTC — 33,484 txs07:40 UTC — 3,200 txs07:50 UTC — 3,727 txs08:00 UTC — 4,962 txs08:10 UTC — 8 txs08:20 UTC — 24 txs08:30 UTC — 1,267 txs08:40 UTC — 0 txs08:50 UTC — 0 txs09:00 UTC — 2,012 txs09:10 UTC — 394 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: 375,492 txs Coverage: 144 blocks · 22.8h 09-23 10:26 UTC → 09-24 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

6.2 million outputs, by purpose

The TxBlaster service produced 88.3% of transactions, posting paired payment and data-publication outputs continuously. The breakdown below isolates the remaining 11.7% 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 · 88.3%
11.7%
2,589,179 tx 344,085 tx · all other
Excluding TxBlaster3 · 1,035,840 outputs
Payment 54.8% 567,506
P2PKH 533,965 · P2PK 33,522 · Multisig 19
Data Publication 45.1% 466,975
OP_RETURN 456,385 · Ordinal envelopes 10,479 · Spendable metadata 111
Contracts & Tokens 0.13% 1,359
STAS Gen 3: 72 · Custom locking: 1,287 · 10 unique structures

Of 468,334 non-payment outputs in this window, 97.4% were prunable (OP_RETURN) and 2.6% 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 456,385Spendable metadata 111Ordinal envelope 10,479STAS Gen 3 72Custom locking 1,287
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 88% 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 1,359 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
1Sat-Ordinal 10,480MAP 3,342AIP 2,217B:// 2,212Metanet4 1,759BSV-21 220STAS 34BAP 2
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/plain 10,429text/markdown 1,503application/bsv-20 220image/webp 200image/png 154image/jpeg 60image/gif 49application/json 45
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 2026-09-24 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 151,004 transactions. Most chain activity carries no such identifier; the names below are services whose on-chain shape is recognizable from prior analysis.

Teragun 151,004AIRCHIVE 35,491Twetch 1,693TreeChat 1,446dxs 1,138Indelible 5193D Ordi 131OYO 113MNEE 69BSV Live Master 23memo.cash 12mintBlue 8
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

Programmable Contract

CONTRACT · selected from 1,287 candidates

Programmable Contract with a 4,379-byte payload

What it does. This script uses conditional logic (OP_IF/OP_ELSE), byte manipulation (OP_SPLIT/OP_CAT), or hash operations to enforce spending conditions beyond simple signature verification.

Why it matters. Demonstrates BSV's full scripting capability for programmable money and stateful applications.

TX 24819e35fc… Block 968,018 4,379 script bytes
Opcodes used (top 16 of 57)
116PICK0EQUALIF2EQUALVERIFYDUPHASH16013OVERSIZENIPSPLITDROP
Script preview
3813baa82e71de8944d71df36a2f6f3a7f0be341eae7edcb11aa000e09c49abf 85800a7dc7c11bc3d3cd47b44bb7b28866052331623947720f728350971ed93c a3deddc1cbe79a3f0a63415df6693231ae838dd853fd71b93d3a5ab781896ce0 OP_1 bfc2f1bc9bc451f6d8dc9d67458752e763f243a36413cff65719868349948f5700000000 9472350d0b521194a06be60a190
Skeleton
<DATA> <DATA> <DATA> OP_1 <DATA> <DATA> 00 <DATA> <DATA> <DATA> OP_1 <DATA> <DATA> OP_1 <DATA> <DATA> OP_16 OP_PICK OP_0 OP_EQUAL OP_IF OP_2 OP_PICK 00 OP_EQUALVERIFY 18 OP_PICK 18 OP_PICK OP_DUP OP_H
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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