Bitcoin’s main second layer, Lightning Network, has recorded a resounding 1,212% growth in the past two years.
This is revealed in a recent report by River Research, dedicated specifically to LN.
The 45-page-long report analyzed several factors, such as the number of transactions, the total volume of transactions, the number of people using it, the category companies and the funding they have raised.
The growth of Bitcoin’s Lightning Network
The most significant growth is in the number of monthly transactions.
It should be mentioned, however, that there is no publicly verifiable data on this, as transactions via Lightning Network are not public and are not recorded on Bitcoin’s blockchain, so these are estimates.
During August two years ago, an estimated 500,000 transactions were made on LN. By August 2023, there were at least 6.6 million, an estimated increase of +1,212% in just two years.
This growth occurred despite a 44% drop in the price of BTC and a 45% reduction
We współpracy z: https://en.cryptonomist.ch/2023/10/12/bitcoin-growth-lightning-network/
