Bitcoin's Lightning Network Soars with a 1,200% Growth in 2 Years
Adekunle Joshua
Over 1,200% growth in routed transactions within two years, with 6.6 million transactions in August, compared to 503,000 in August 2021
Despite a 44% BTC price drop and lower search interest, routed Lightning transactions are soaring
River's 6.6 million figure is a conservative estimate. Private and one-on-one Lightning transactions aren't even included.
Lightning Network's transaction volume hits $78.2 million in August 2023, a 546% surge from August 2021. It now powers 47% of Bitcoin's on-chain transactions
The average Lightning transaction size is about 44,700 satoshis or $11.84. An estimated 279,000 to 1.1 million active Lightning users in September
Gaming, social media tips, and streaming drive 27% of transaction growth
