The first @mempool Dev Day brought a small group of Bitcoiners together at @Antidote , a London startup studio for Bitcoin founders, for a day of talks and open discussion.
Thanks to @AJ we have a writeup of the day (videos coming soon™)
https://research.mempool.space/mempool-developer-day-1/
OrangeSurf
_@orange.surf
npub18h0w...ws8m
There's been lots of debate about Core v30 removing the OP_RETURN size/count policy defaults, so I ran the numbers for the latest mempool research report: https://research.mempool.space/opreturn-report/
There were three big waves of OP_RETURN usage: 2019, 2024, 2025. Nearly all standard transactions. The nonstandard ones are so rare you can hardly see them on the chart.
The 2019 Veriblock wave actually put more data on-chain than anything since. People talk about recent OP_RETURN usage like it's unprecedented, but surprisingly it isn't.
The important thing is that the spikes in nonstandard OP_RETURNs were in Mar 2024, May 2025, Aug 2025. All before v30 shipped in November 2025. The rate hasn't gone up since. At all. In fact it's come down
Runes transactions were standard under the old rules and would even still be standard for #BIP110 (the proposal that's supposedly aims to curb data embedding). If these guys are serious about stopping data they should block runes.
TL;DR: v30 recognised what was already occasionally happening on-chain. Nonstandard OP_RETURNs are vanishingly rare, haven't increased post-v30, and the current wave is already cooling off. The data doesn't support the panic.
Read the full report linked below 👇
https://research.mempool.space/opreturn-report/
The 2019 Veriblock wave actually put more data on-chain than anything since. People talk about recent OP_RETURN usage like it's unprecedented, but surprisingly it isn't.
The important thing is that the spikes in nonstandard OP_RETURNs were in Mar 2024, May 2025, Aug 2025. All before v30 shipped in November 2025. The rate hasn't gone up since. At all. In fact it's come down
Runes transactions were standard under the old rules and would even still be standard for #BIP110 (the proposal that's supposedly aims to curb data embedding). If these guys are serious about stopping data they should block runes.
TL;DR: v30 recognised what was already occasionally happening on-chain. Nonstandard OP_RETURNs are vanishingly rare, haven't increased post-v30, and the current wave is already cooling off. The data doesn't support the panic.
Read the full report linked below 👇
https://research.mempool.space/opreturn-report/1 sat/vB is clearing but someone just made a consolidation at 102 sat/vB 🫥


The Mempool Open Source Project®
Explore the full Bitcoin ecosystem with The Mempool Open Source Project®. See the real-time status of your transactions, get network info, and more.

Did you use the bitcoin core wallet in the last year?
@softsimon and I are arriving early for @BTC Prague.
Get in touch if you are around from the 14th and want to meet up!


Which filter do you think core will drop / change the default for next?
- Max Transaction Size
- Minimum Relay Fee
- Minimum Output Size
Surprising facts from my new report on Bitcoin's UTXO set:
- 49% of UTXOs are sub 1000 sats
- 30% of UTXOs are inscriptions related
- 100k+ 10-year-old counterparty UTXOs store arbitrary data with fake multisig pub keys
Read it in full here:
https://research.mempool.space/utxo-set-report/

Over the past year bitcoin there have been more data storage transactions (inscriptions & OP_RETURN) than other transactions.


Get yourself to a @btcplusplus
event, what @niftynei() 🇺🇸💸🧡 and the team have built is truly special.
The difference between online and IRL discussion is stark.
Online we only see differences.
IRL people celebrate similarities.
🎲 In 2014 Luke Dashjr described mining policies such as OP_RETURN size limits as not being a development topic, and suggested randomizing the default value.
https://gnusha.org/pi/bitcoindev/201411161724.19573.luke@dashjr.org/
I've put some numbers together to help you determine whether the horse has already bolted regarding the use of bitcoin for non financial transactions.
49% the UTXO set is sub 1000 sat outputs
43% of transactions in the past 2 weeks had an OP_RETURN or were inscriptions.


A third of all transactions in the past 30 days were BRC20
Imagine this in the distant future. You buy a new bitcoin signing device which is open source (hardware & software). You stop by @Bitcoin Park and pay 100 sats to use their chip verifier. It checks that your hardware wallet chips match the open source spec.
Sounds like science fiction, but check out this new talk by Bunnie Huang where he presents a technique for "seeing through silicon" - inspecting chips which are on circuitboards from the backside without removal.
Introducing a new interactive block data visualisation tool - Grid


Orange Surf
Grid
Introducing a new interactive block visualisation tool - Grid, by orangesurf
Send this to your normie friends and family next time you find yourself spreading the good word of fiatjaf View quoted note →
What is the best long form criticism or caution regarding the strategic bitcoin reserve?
vibe


Tired of waiting?
Use Mempool Accelerator like this bitcoiner did.
DM me if you want more info

