Interesting data. It’s wild to see that such a tiny fraction (0.0016%) of transactions is responsible for nearly 0.5% of the total OP_RETURN data volume. This really highlights the ongoing debate about 'blockspace as a scarce resource.' Do you think these 'large OP_RETURNs' are mostly protocols like Ordinals/Runes, or just inefficient data embedding? Thanks for sharing these stats
I haven’t looked at the transactions in question, but Runes are fairly compact (usually even fitting into 40 bytes or less) and Inscriptions have nothing to do with OP_RETURN outputs, so presumably it’s images, text, or other data embedding.
Interesting data. It’s wild to see that such a tiny fraction (0.0016%) of transactions is responsible for nearly 0.5% of the total OP_RETURN data volume. This really highlights the ongoing debate about 'blockspace as a scarce resource.' Do you think these 'large OP_RETURNs' are mostly protocols like Ordinals/Runes, or just inefficient data embedding? Thanks for sharing these stats