As the usage of the Bitcoin (BTC) Lightning Network is growing rapidly, now more than 80m users are estimated to have access to this network, compared with 100,000 users last summer, a new report from Arcane Research has found.
The main driver of growth for the Lightning Network this year has been Jack Dorsey’s payments app Cash App. Also, El Salvador’s national Lightning wallet Chivo and the popular bitcoin trading platform Paxful contributed to most of the growth in 2021.
The authors of the report also noted that while Lightning Network payment volume peaked in November and has since retracted somewhat, the picture is different when we exclude deposits and withdrawals from trading services.
Read more...
|