Bitcoin's Lightning Network Soars with a 1,200% Growth in 2 Years

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

Lightning payments boast a stunning 99.7% success rate, with liquidity issues being the main hurdle.