BSV Intel the signal, daily
Edition 205
Friday · September 25, 2026
BSV Network · 24 hours ending September 25, 09:09 UTC

Edition 205

Edited by Bridget Doran · Scanned 09:31 UTC, September 25 · Blocks 968,150 → 968,293 · 886,583 transactions
Largest move
$1.63M
74,836 BSV · whale tier
Avg block time
10.3min
near schedule
Throughput
10tx/s
peak 408 tx/s
BSV price
$21.74
▲ 1.2% · 24h
№ 01 Chain Health

9 pools, on schedule

9 pools produced today's 144 blocks at an average interval of 10.3 min — on schedule relative to the 10-minute target.

7.6 min
Median interval
half the blocks faster
48
Fast blocks1
under 5 min
244,976 txs
Busiest block
block 968,213
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 · 24.6h
Fast (<5 min) · 48 Normal · 77 Slow (>20 min) · 19
For the technical reader

Block timing. Mean interval 619.0 seconds (10.3 min) over 143 measured intervals across 144 blocks; median 454 seconds (7.6 min). Range 4 s to 3927 s (65.5 min).

Cadence. Average interval 10.3 min — on schedule relative to the 10-minute target. 9 pools produced today's blocks.

Largest block. Block 968,213 at 244,976 transactions, the peak load in the window. Avg tx/block across all 144 blocks was 6,157.

№ 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 968,309). 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 20.8%. Distribution within normal range.

CUVVE 20.8%
Kryptex 17.4%
qdlnk 17.4%
taal.com 12.5%
SA100 9%
GorillaPool 7.6%
unknown 4.2%
Mining-Dutch 4.2%
molepool.com 4.2%
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 30, Kryptex 25, qdlnk 25, taal.com 18, SA100 13, GorillaPool 11, unknown 6, Mining-Dutch 6, molepool.com 6, Bitofsin 4. 138 of 144 blocks identified.

№ 04 Capital Flow

649 movements crossed the chain

3 of them moved more than 10,000 BSV, a combined ~$3.9 million at today's price.

3
Major
> 10K BSV
~$217,400+
67
Notable
1K – 10K BSV
~$21,740 – 217,400
579
Significant
100 – 1K BSV
~$2,174 – 21,740
Top movements
74,836.10BSV
≈ $1,626,937 f25e563d3a…
2 → 2 Neutral
74,799.21BSV
≈ $1,626,135 ca54c66d9a…
2 → 2 Neutral
31,616.10BSV
≈ $687,334 a51b97157e…
2 → 4 Neutral
8,009.15BSV
≈ $174,119 ea37269c24…
2 → 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

69 tracked addresses across 208 days

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

New to the radar
17w6oY7C4Pq8CP78xM… 74,836 BSV First appearance
1HMTidfXqBZACMxeua… 74,799 BSV First appearance
1QYnUFHsiVBcv5b7jA… 6,695 BSV First appearance
Recurring addresses
Address Behavior Confidence Active
8,924,713 BSV · 432 txs
Exchange-Like High 03-04 → 09-25
5,900,090 BSV · 194 txs
Exchange-Like High 03-02 → 09-24
2,799,556 BSV · 136 txs
Exchange-Like High 03-02 → 09-25
18,446,416 BSV · 119 txs
Exchange-Like High 03-08 → 09-25
0 BSV · 117 txs
Accumulator High 03-08 → 09-25
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 208-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
$21.74
▲ 1.2% over 24h
Throughput, avg
10tx/s
peak 408 tx/s · 10-min window
Avg tx / block6,157
Max tx / block244,976
Total transactions886,583
10-min peak244,990
For the technical reader

TPS is computed over the 24.6 hours of the scan window in 10-minute intervals, not per block. The peak is the busiest 10-minute window observed (244,990 transactions, ≈ 408 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 27 hours

886,583 transactions mapped to 10-minute windows. The brightest cell is the busiest window of the day.

08111417202302050810:00:10:20:30:40:5008:00 UTC — 0 txs08:10 UTC — 0 txs08:20 UTC — 0 txs08:30 UTC — 240 txs08:40 UTC — 0 txs08:50 UTC — 0 txs09:00 UTC — 2,012 txs09:10 UTC — 394 txs09:20 UTC — 0 txs09:30 UTC — 822 txs09:40 UTC — 11 txs09:50 UTC — 0 txs10:00 UTC — 1,300 txs10:10 UTC — 0 txs10:20 UTC — 699 txs10:30 UTC — 42 txs10:40 UTC — 3,739 txs10:50 UTC — 1,036 txs11:00 UTC — 703 txs11:10 UTC — 155 txs11:20 UTC — 1,590 txs11:30 UTC — 0 txs11:40 UTC — 704 txs11:50 UTC — 547 txs12:00 UTC — 599 txs12:10 UTC — 1,760 txs12:20 UTC — 0 txs12:30 UTC — 686 txs12:40 UTC — 336 txs12:50 UTC — 0 txs13:00 UTC — 0 txs13:10 UTC — 0 txs13:20 UTC — 1,448 txs13:30 UTC — 37 txs13:40 UTC — 982 txs13:50 UTC — 1,753 txs14:00 UTC — 0 txs14:10 UTC — 1,327 txs14:20 UTC — 14,172 txs14:30 UTC — 10,480 txs14:40 UTC — 5,338 txs14:50 UTC — 1,299 txs15:00 UTC — 0 txs15:10 UTC — 647 txs15:20 UTC — 0 txs15:30 UTC — 0 txs15:40 UTC — 2,194 txs15:50 UTC — 0 txs16:00 UTC — 73,648 txs16:10 UTC — 0 txs16:20 UTC — 54,001 txs16:30 UTC — 515 txs16:40 UTC — 99 txs16:50 UTC — 0 txs17:00 UTC — 0 txs17:10 UTC — 727 txs17:20 UTC — 0 txs17:30 UTC — 500 txs17:40 UTC — 0 txs17:50 UTC — 758 txs18:00 UTC — 127 txs18:10 UTC — 648 txs18:20 UTC — 31 txs18:30 UTC — 885 txs18:40 UTC — 107 txs18:50 UTC — 502 txs19:00 UTC — 61 txs19:10 UTC — 46,426 txs19:20 UTC — 0 txs19:30 UTC — 244,990 txs245k19:40 UTC — 170,424 txs170k19:50 UTC — 40,008 txs20:00 UTC — 13,970 txs20:10 UTC — 0 txs20:20 UTC — 9,455 txs20:30 UTC — 58,456 txs20:40 UTC — 674 txs20:50 UTC — 12 txs21:00 UTC — 473 txs21:10 UTC — 472 txs21:20 UTC — 17 txs21:30 UTC — 264 txs21:40 UTC — 332 txs21:50 UTC — 89 txs22:00 UTC — 0 txs22:10 UTC — 0 txs22:20 UTC — 0 txs22:30 UTC — 0 txs22:40 UTC — 0 txs22:50 UTC — 737 txs23:00 UTC — 0 txs23:10 UTC — 23 txs23:20 UTC — 0 txs23:30 UTC — 51 txs23:40 UTC — 9,027 txs23:50 UTC — 0 txs00:00 UTC — 648 txs00:10 UTC — 0 txs00:20 UTC — 2,749 txs00:30 UTC — 8 txs00:40 UTC — 62,016 txs00:50 UTC — 0 txs01:00 UTC — 0 txs01:10 UTC — 20,087 txs01:20 UTC — 0 txs01:30 UTC — 432 txs01:40 UTC — 392 txs01:50 UTC — 0 txs02:00 UTC — 400 txs02:10 UTC — 0 txs02:20 UTC — 719 txs02:30 UTC — 0 txs02:40 UTC — 15 txs02:50 UTC — 311 txs03:00 UTC — 181 txs03:10 UTC — 2 txs03:20 UTC — 522 txs03:30 UTC — 213 txs03:40 UTC — 14 txs03:50 UTC — 631 txs04:00 UTC — 0 txs04:10 UTC — 28 txs04:20 UTC — 484 txs04:30 UTC — 214 txs04:40 UTC — 0 txs04:50 UTC — 35 txs05:00 UTC — 802 txs05:10 UTC — 560 txs05:20 UTC — 247 txs05:30 UTC — 15 txs05:40 UTC — 0 txs05:50 UTC — 998 txs06:00 UTC — 12 txs06:10 UTC — 0 txs06:20 UTC — 0 txs06:30 UTC — 862 txs06:40 UTC — 466 txs06:50 UTC — 328 txs07:00 UTC — 0 txs07:10 UTC — 648 txs07:20 UTC — 0 txs07:30 UTC — 30 txs07:40 UTC — 0 txs07:50 UTC — 0 txs08:00 UTC — 0 txs08:10 UTC — 4,479 txs08:20 UTC — 0 txs08:30 UTC — 0 txs08:40 UTC — 659 txs08:50 UTC — 0 txs09:00 UTC — 815 txs09:10 UTC — 0 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: 244,990 txs Coverage: 144 blocks · 24.6h 09-24 08:33 UTC → 09-25 09:09 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

1.9 million outputs, by purpose

The TxBlaster service produced 72.6% of transactions, posting paired payment and data-publication outputs continuously. The breakdown below isolates the remaining 27.4% 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 · 72.6%
27.4%
643,451 tx 243,132 tx · all other
Excluding TxBlaster3 · 589,071 outputs
Payment 55.5% 326,890
P2PKH 311,848 · P2PK 15,023 · Multisig 19
Data Publication 44.1% 260,049
OP_RETURN 247,596 · Ordinal envelopes 12,240 · Spendable metadata 213
Contracts & Tokens 0.36% 2,132
STAS Gen 3: 429 · Custom locking: 1,703 · 13 unique structures

Of 262,181 non-payment outputs in this window, 94.4% were prunable (OP_RETURN) and 5.6% 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 247,596Spendable metadata 213Ordinal envelope 12,240STAS Gen 3 429Custom locking 1,703
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 73% 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. 13 unique structures observed today across 2,132 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 12,243Metanet4 4,113MAP 3,235B:// 2,234AIP 2,054BSV-21 135STAS 27
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 12,187text/markdown 1,544image/webp 176image/gif 143application/bsv-20 135image/png 85image/jpeg 81image/svg+xml 62
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 2026-09-25 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 150,003 transactions. Most chain activity carries no such identifier; the names below are services whose on-chain shape is recognizable from prior analysis.

Teragun 150,003AIRCHIVE 25,910TreeChat 1,724Twetch 1,326dxs 584Indelible 203OYO 67MNEE 563D Ordi 55mintBlue 25BSV Live Master 19memo.cash 5
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

Multi-Signature

MULTISIG · selected from 19 candidates

Multi-Signature with a 71-byte payload

What it does. Requires multiple signatures (M-of-N) to spend. Used for shared custody, escrow, and organizational funds.

Why it matters. Enables trustless collaboration and enhanced security for high-value transactions.

TX 52a5758a91… Block 968,158 71 script bytes
Opcodes used
2CHECKMULTISIG
Script preview
OP_2 0272adfa924428cb8acfe54f0d9dc2cc11b49368eaeb478991659dad5030774b66 0358d493f29dcb0123e869dd027484bad1af9344ada6356467daafe0a2111e32dd OP_2 OP_CHECKMULTISIG
Skeleton
OP_2 <DATA> <DATA> OP_2 OP_CHECKMULTISIG
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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