Recently, we’ve observed a significant increase in Lightning Network (LN) adoption among our users.
As we dive into our LN data from 2022 to 2024, it’s clear that the adoption of LN is on a rapid rise.Here are the key takeaways from the following data analysis:
- The percentage of Bitcoin payments processed via the Lightning Network at CoinGate has more than doubled in two years from 6.5% in Q2 2022 to 16.6% in Q2 2024.
- CoinGate’s Lightning Network order count has seen substantial growth, with Q2 2024 orders increasing by approximately 28.4% compared to Q2 2023 and by about 74.6% compared to Q2 2022.
- If the current growth rate continues, projections suggest LN adoption could potentially reach 20% or higher in Q3 2024.
Let’s break down the numbers and understand the trends shaping this growth.Steady LN Growth from 2022 to 2023
2024: A Breakthrough Year for Lightning?
Monthly Trends in 2024
How Can Online Businesses Benefit from the Lightning Network?