Bitcoin Lightning Network growth jumps 1,200% in 2 years

The company also sourced August 2021s 503,000 figure from a 2021 research study by K33, formerly Arcane Research and added it could not assess private Lightning transactions or those between just 2 participants.Estimated growth of month-to-month routed Bitcoin Lightning transactions. River estimated in between 279,000 and 1.1 million Lightning users were active in September.The company associated 27% of transaction growth to the gaming, social media tipping and streaming sectors.Related: Coinbase to incorporate Bitcoin Lightning Network: CEO Brian Armstrong River said the Lightning payments success rate was 99.7% on its platform in August 2023 across 308,000 deals.

” Nobody is utilizing Lightning” should now be a dead meme.Launching a new #Bitcoin report from @River: How the Lightning Network grew by 1212% in 2 years ⚡ Its time to pay attention to the extraordinary work of so many people in the area Link below in the pic.twitter.com/FuGLwGHR4R— Sam Wouters (@SDWouters) October 10, 2023

Bitcoins layer 2 Lightning Network has seen an approximated 1,212% development in 2 years, with around 6.6 million routed transactions in August, a substantial dive compared to August 2021s 503,000 shifts, according to information from the Bitcoin (BTC)- only exchange River.” Nobody is utilizing Lightning” needs to now be a dead meme.Launching a new #Bitcoin report from @River: How the Lightning Network grew by 1212% in 2 years ⚡ Its time to pay attention to the amazing work of so many people in the space Link listed below in the pic.twitter.com/FuGLwGHR4R— Sam Wouters (@SDWouters) October 10, 2023

The firm also sourced August 2021s 503,000 figure from a 2021 research study by K33, formerly Arcane Research and included it could not examine private Lightning transactions or those between just 2 participants.Estimated development of month-to-month routed Bitcoin Lightning deals. Wouters noted that Lightning is now processing at least 47% of Bitcoins on-chain deals. River estimated between 279,000 and 1.1 million Lightning users were active in September.The company attributed 27% of transaction growth to the gaming, social media tipping and streaming sectors.Related: Coinbase to integrate Bitcoin Lightning Network: CEO Brian Armstrong River said the Lightning payments success rate was 99.7% on its platform in August 2023 across 308,000 transactions.