Payments made with Bitcoin Lightning Network are growing on!
 | As a top cryptocurrency payment processor, we're excited to share our latest insights into using the Lightning Network (LN) for Bitcoin payments based on our data between 2022 to 2024. Here's a breakdown of the key data from 2022 to 2024: ⚡ 2022: LN's share in Bitcoin payments at CoinGate started at 6.5%. By the end of the year, we processed 26,622 BTC orders via LN. ⚡ 2023: LN's share nearly doubled, starting at 6.9% in January and reaching 11.8% by December. Order growth marked a 35.9% increase from the previous year. ⚡ 2024: This year LN's share rose further to 14.5%. From Q1 to Q2 2024 alone, we saw a 33.6% increase in order count. These trends highlight how LN is becoming a preferred choice for BTC payments, thanks to its lower transaction fees and nearly instant payment processing. You can find a full overview of the growth in our blog: https://coingate.com/blog/post/lightning-network-year-over-year-data What do you think about the increasing adoption of the Lightning Network? Have you used LN for your transactions? [link] [comments] |
