Network charts/P2PKH Sunset Tracker

P2PKH Sunset Tracker

Share of outputs paying the legacy '1...' address type, with a 90-day average and reference lines at 10% and 5%

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About this metric

Definition

The decline of the original Bitcoin address format. P2PKH is the '1...' address, and it carried nearly nine in ten outputs through the years between P2SH arriving and SegWit activating, with most of the rest going to '3...'.

Its share has fallen steadily since. Taproot overtook it in 2023 and is still ahead, but the two are not a seesaw: through 2026 both fell, and Taproot fell faster, because the share they both lost went to P2WPKH.

The reference lines at 10% and 5% are markers for reading the trend. They are not protocol thresholds and nothing happens when the line crosses one.

How it is measured

P2PKH outputs as a share of the eight classified output types, with a 90-day moving average at daily resolution only. The horizontal lines at 10% and 5% are reference marks chosen for this chart, not protocol thresholds. A falling share means other output types grew faster; it does not follow that any particular wallet or user moved.

Measured from my own Bitcoin node. Methodology

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