These metrics quantify the degree of Taproot adoption on the Bitcoin network. Adoption is inspired by the approach used by the community-established way of measuring SegWit adoption. The metric expresses adoption by relating the number of transactions that spend at least one Taproot input to the overall number of transactions. The Taproot utilization metric is a different way to express adoption that is more granular and based on relating the number of spent Taproot inputs to the overall number of spent inputs.

This is the Point-in-Time (PiT) variant of Taproot Adoption. PiT metrics are strictly append-only and their history is immutable. The historic data does not necessarily reflect the best current knowledge, but the information at the time when a data point was first computed. PiT metrics are ideal candidates for applications in model backtesting and related quantitative purposes. Read our article on PiT metrics for more information.