Network charts/Adoption Velocity

Adoption Velocity

Change in each output type's share of outputs, in percentage points: a 30-day average against the same average 30 days earlier

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About this metric

Definition

Whether an output type is gaining or losing ground, rather than how much it holds. A line above zero means that type's share of outputs grew over the window; below zero means it shrank.

The figure is in percentage points, not percent. Taproot going from 22% of outputs to 11% fell by 11 points and by 50%. Both describe the same move, and this chart plots the first.

The share is smoothed before it is differenced, so a point compares the trailing average now against the same average one window earlier, reaching back about twice the window: roughly two months daily, two days per block.

Every type is drawn, so the lines always add up to zero, which does not mean users moved between them. Through April 2026 P2WPKH rose more than thirteen points while Taproot fell more than eleven, for separate reasons: inscriptions dropped by about two thirds, roughly halving Taproot output creation, while P2WPKH's own output count rose by more than a quarter.

How it is measured

Each type's outputs as a share of the eight classified output types, averaged across the window, minus that same average one window earlier.

The window follows the resolution. Per block it is 144 blocks, a day at the ten-minute target, though a real day has held between 98 and 197 blocks over the last year. At daily resolution it is 30 days.

All eight classified output types are drawn: P2PKH, P2SH, P2WPKH, P2WSH, P2TR, P2PK, bare multisig and unclassified scripts. Because they are the whole denominator, the lines sum to zero at every point, so whatever one type gains the others gave up.

Each of the quiet ones has its own era rather than being permanently flat. P2PK held more than four fifths of outputs in January 2009 and a twentieth of a per cent by late 2010. That handover is the largest move on the chart, and it is why P2PK and P2PKH are mirror images through 2009 and 2010: almost nothing else existed yet, so one type's loss was exactly the other's gain, by more than 56 points. Bare multisig peaks during the Stamps period in 2023, P2WSH during the Ordinals ramp, and unclassified scripts shifted almost four points across the last year. On a short range most of them sit on zero; use the legend to hide any line that crowds the one you are reading.

Measured from my own Bitcoin node. Methodology

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