Taproot (P2TR) Share (%)
Percentage of daily outputs using Taproot (P2TR) script type, computed from 4 real full node script counters (P2PKH, P2SH, P2WPKH, P2TR). Direct measure of Taproot's market share in Bitcoin transactions.
What is it?
Taproot Share measures the percentage of daily outputs created with P2TR (Pay-to-Taproot, BIP 341) script type relative to total outputs (P2PKH + P2SH + P2WPKH + P2TR). The calculation is direct: average P2TR outputs per block divided by total outputs (all types) per block, times 100. It is an indicator of real Taproot penetration across wallets, exchanges, and services generating P2TR outputs.
How to read
A rising percentage indicates progressive Taproot adoption. The typical curve is S-shaped: slow at first (early adopters), then acceleration as major exchanges adopt. Single-digit regimes (<10%) reflect modest ecosystem payment adoption; crossing 20% would mark significant mainstream penetration. Temporary spikes correlate with Ordinals inscription waves that heavily use P2TR.
Key zones
Taproot was activated in November 2021 (block 709,632). P2TR share went from 0% to ~5% in a year, then crossed 10% during 2023 mainly driven by Ordinals inscriptions. The 'organic' share (excluding inscriptions) remains structurally in a 5-8% range. P2WPKH (native SegWit) dominates three-quarters of daily outputs, while legacy P2PKH slowly declines as old coins migrate to modern formats.
What to observe
Watch the underlying trend (30-day MA) rather than daily spikes from inscriptions. Slope breaks correspond to integrations by major exchanges (Coinbase, Binance). Comparison with the combined SegWit+Taproot share (witness-discount-utilization) shows Taproot's relative contribution to overall modern script adoption.
Historical context
Taproot (BIPs 340/341/342) was Bitcoin's largest soft-fork since SegWit. Its activation via Speedy Trial was swift, but effective adoption proved slower than expected. SegWit took 3+ years to reach 50% of transactions. Ordinals inscriptions - an unforeseen Taproot use case - were the main accelerator in raw numbers.
Expert notes
The percentage is computed from 4 average output counters per block: P2TR, P2WPKH, P2SH, P2PKH. This method does not cover P2WSH (SegWit multi-sig) or P2PK (very old), but these types represent less than 2% of total. Schnorr keys (BIP 340) used by Taproot offer privacy advantages: key-path spends (single-sig and multi-sig) are indistinguishable on-chain. However, script-path spends remain identifiable.
Common mistakes to avoid
Confusing P2TR output share with the percentage of transactions using Taproot yields different numbers - a single transaction can create dozens of outputs. Ratio inflation by Ordinals inscriptions masks actual adoption pace for standard payments. A low percentage does not indicate disinterest - adoption depends on wallet developers and exchanges, not end users.
Programmatic access
REST API
curl -sS \
'https://api.trinityinsights.io/api/v1/onchain/taproot-spend-ratio/history?days=90' \
-H 'X-API-Key: $TRINITY_API_KEY'MCP server
{
"tool": "get_chart_value",
"metric_id": "taproot-spend-ratio",
"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.