Taproot Output Intensity
Dual view of the daily count of P2TR outputs created per block, averaged over 24 hours, and the net change in P2TR supply in BTC per day. A high count with a flat supply change means the created outputs did not add much net supply. The chart shows the two flows; it does not identify their use.
What is it?
Taproot Output Intensity compares two daily flows of a different nature: the number of P2TR outputs created per block, averaged over 24 hours, and the daily change in P2TR supply, in BTC per day. That change is a net delta: it adds created P2TR outputs and subtracts spent P2TR outputs. A high count with a net delta near zero means that output creation did not translate into a net rise in supply over the period. The two series share neither unit nor reference period: the count is a number of outputs per block, the delta an amount of BTC per day, so their quotient does not read as a monetary value attached to a single output. The chart describes these flows; it does not identify the use of the outputs.
How to read
Left axis (blue): P2TR output count per block, averaged over 24 hours, often read on a log scale because spikes can far exceed the baseline. Right axis (green): net P2TR supply change, in BTC per day, which can be negative. A blue spike with a flat green curve means many outputs were created without a net rise in supply. A joint rise in both curves means net creation is increasing. A stable blue curve with a rising green curve means the daily net delta rises without a rise in the count.
Key zones
The two series are read separately: the count in outputs per block on one side, the delta in BTC per day on the other. A high count with a delta near zero means that output creation did not raise net supply over the period. A low count with a high positive delta means the opposite. The chart provides no universal threshold: levels depend on total network volume at the date, and both the count and the delta vary with it.
What to observe
Comparing the two axes is the central reading. A delta moving from negative to positive indicates that net creation is positive again over the period. A 7-day smoothing reduces the noise of an isolated move. Comparing with the P2TR output share and the P2TR supply share helps separate a change in volume from a change in value.
Historical context
After Taproot activation in November 2021, the count stayed low and the P2TR supply delta was positive but modest. From 2023, the count rose sharply. The chart shows these two moves; it does not establish their cause.
Expert notes
The daily P2TR supply delta is a net flow: creation minus spending. It does not distinguish a case where 100 BTC enter and 95 leave, a delta of 5, from a case where 5 BTC enter and 0 leave, the same delta of 5. A finer reading would need gross inflow and outflow series, which are not available in the current pipeline. 7-day smoothing is recommended because the daily delta can be volatile.
Common mistakes to avoid
A negative delta does not mean Taproot is abandoned: it means more BTC was spent from P2TR outputs than created into P2TR that day, which happens during consolidations or internal transfers. A high count is not negative in itself. The metric does not say which activities produce the outputs, and it does not measure the value of each output.
Programmatic access
REST API
curl -sS \
'https://api.trinityinsights.io/api/v1/onchain/metrics/taproot-output-intensity/data?timeframe=90d' \
-H 'X-API-Key: $TRINITY_API_KEY'MCP server
{
"tool": "get_chart_value",
"metric_id": "taproot-output-intensity",
"timeframe": "1y"
}Required tier: pro. See the pricing grid for the tier list and the MCP documentation for multi-client configuration.
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Institutional disclaimer
Trinity Insights is an educational and analytical tool. The metric above does not constitute investment advice. Trinity Insights is not a Crypto-Asset Service Provider (CASP) registered under MiCA Regulation (EU) 2023/1114. See the full disclaimer.