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Bitcoin Lightning Network payments hit new records in 2024! ⚡

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Bitcoin Lightning Network payments hit new records in 2024! ⚡

As a leading cryptocurrency payment processor, we wanted to share the latest insights into Lightning Network usage for retail payments in 2024.

Here’s what stood out:

  • Usage surged by 39.1% compared to 2023, showing the growing trust and demand for faster, low-cost Bitcoin transactions.
  • 15.4% of all Bitcoin payments processed through CoinGate used Lightning Network, double the share from the previous year.
  • December was a standout month, with nearly 20% of Bitcoin payments facilitated via LN, marking its highest adoption rate ever.

The Lightning Network proves Bitcoin can scale to meet growing demand, and it’s only getting better.

Read the full yearly review: https://coingate.com/blog/post/crypto-payments-report-2024-year-of-stablecoins

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

https://preview.redd.it/sv4gtj38ayce1.png?4000&format=png&auto=webp&s=7fcfec8d80169a735b54a9b3f8a173a42b2234cb

submitted by /u/CoinGate
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