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Bitcoin Mempool Ordinal / BRC-20 / DataCarrier transaction comparison?

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by COINS NEWS 79 Views

Last year I recall seeing a pie-chart that showed how much of the BTC mempool consisted of what type of TXNs. Chart included Legacy, Segwit, Taproot, P2SH, as well as some wedge dedicated to Ordinals or BSC-20. I recall Ordinals / BSC-20 was "most" of the mempool.

I've tried and for the life of me I can't find it anywhere. Does anyone recall where that chart might be?

As to WHY I'm interested has to do with the impact of full mempools on TXN costs. Or more specifically, the cost of moving UTXOs. Unlike Ethereum, Bitcoin creates a new UTXO for every TXN. When accumulating Bitcoin, this can lead to dozen's, hundreds, or even thousands of UTXOs. The TXN cost scales purely based on the UTXO count, not the amount, so a large UTXO set can be expensive to cash in since moving them could be a large percentage of their current value.

Although I know my current number of UTXOs, for planning purposes I need to anticipate what the mining fee rate might be when I try to cash these in in 5, 10, or 15 years. If the costs stay where they are today, about 60 sat/vB, then that's fine. But if they grow over 1000 sat/vB then some of my UTXOs could be getting close to dust. I, personally, feel that Ordinals, BSC-20 tokens, and other datacarrier transactions could help to raise these TXN costs indefinitely. So to that point, I'd like to monitor whether Ordinals, BSC-20, and datacarrier TXNs are increasing month for month or decreasing over time. It will help to inform my future investment in Bitcoin.

As a concrete example, there was a post recently where someone bought 0.25 BTC over the course of 4 years. The bought every day with the intention of getting to 0.25 BTC. So if all of these individual buys were withdrawn to a hardware wallet, the UTXO count would be 1460 UTXOs. Even with a balance of 0.25 BTC, the TXN cost to move such a large UTXO set would be almost 0.15 BTC. That's 60% of the investment consumed by TXN fees. And that is just at the 2024 fee levels.

So... anyone know a site that an break out the current Bitcoin MEMPOOL into transaction types such as "datacarrier" and "non-datacarrier"? Or even better, if they can show segwit, taproot, ordinal, bsc-20 and the like.

submitted by /u/brianddk
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