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Bitcoin Lightning Network payments are on the rise!

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Bitcoin Lightning Network payments are on the rise!

As a leading cryptocurrency payment processor, we're excited to share our latest insights into the usage of the LN for retail payments, based on data collected in the first quarter of 2024.

Here's what we've observed:

- At the beginning of 2024, there was a significant increase in Lightning Network transactions. The share of Bitcoin payments processed via the LN jumped from 11.1% in January to an impressive 13.5% by March, marking the highest LN adoption rate we've seen so far.

- Growth was also consistent throughout 2023. We clearly see increasing market trust in the Lightning Network as an efficient and viable solution for Bitcoin transactions.

Read the full quarterly review: https://coingate.com/blog/post/crypto-payments-report-2024-q1

What do you think? Is Lightning Network making a comeback?

https://preview.redd.it/i0f6if9smutc1.png?1920&format=png&auto=webp&s=0b1c568dd331bf4a0c398858515107448c53d525

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