Recent OP_RETURN output statistics

Posted by ajtowns

Feb 16, 2026/01:04 UTC

The utilization of the OP_RETURN opcode in Bitcoin transactions has been a topic of notable research and analysis within the cryptocurrency community. Two significant contributions to this area of study have been made by researchers known on Twitter as @orangesurf and @murch. Their findings offer insights into how this opcode is utilized and its implications on blockchain data and functionality.

@orangesurf's research, accessible through a detailed report published on mempool.space, dives into the various aspects and uses of the OP_RETURN opcode in Bitcoin transactions. This report is not only available on the mentioned website but has also been shared for broader audience reach via a tweet, highlighting the significance of their findings and encouraging community engagement and discussion.

Similarly, @murch has conducted an analysis that parallels the work done by @orangesurf, focusing on the same opcode but presenting different facets or confirming similar trends within the blockchain space. The results of @murch's investigation are summarized and shared on Twitter, providing a concise overview of his findings. For those interested in a deeper dive into the data supporting these conclusions, @murch has made this information available on Dune Analytics, offering a comprehensive dataset for further exploration and analysis.

These contributions by @orangesurf and @murch showcase the ongoing efforts within the cryptocurrency community to understand better and optimize the use of blockchain technology. Their research sheds light on the technical specifics of Bitcoin transactions, particularly focusing on the OP_RETURN opcode, which plays a crucial role in data embedding and signaling within the network. By making their findings publicly accessible through platforms like mempool.space, Twitter, and Dune Analytics, they foster a greater understanding and stimulate further research within the field.

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