Payments made with Bitcoin Lightning Network are hitting new records!

As a high cryptocurrency fee processor, we're thrilled to share our newest insights into the utilization of the Lightning Community for Bitcoin funds primarily based on CoinGate fee gateway information from Q2 2024.

Whereas Bitcoin funds general noticed a lower of 5% in comparison with Q1 2024 and 34% in comparison with Q2 2023, the adoption of the Lightning Community (LN) has reached new heights:

• In Q2, 16.6% of BTC funds via CoinGate have been processed by LN, setting a brand new report.
• June was a report month, with 18.5% of Bitcoin funds processed through LN.
• In comparison with Q1'24, the LN fee rely elevated by 33%.

The pattern clearly reveals the rising desire for sooner and extra environment friendly transaction strategies throughout the Bitcoin neighborhood.

Learn the total quarterly evaluation: https://coingate.com/weblog/put up/crypto-payments-report-h1-2024

https://preview.redd.it/5jce9qw61ned1.png?width=1536&format=png&auto=webp&s=2e3165b3ccc04bee92d604b7ee47ec869215b918

What are your ideas on the growing adoption of the Lightning Community? Have you ever used LN to your transactions?