Lightning Network Sees Explosive Growth, Processes Nearly Half of Bitcoin Transactions

Lightning Network growth jumped 1,200% over 2 years with 6.6 million routed transactions in August 2023 vs 503,000 in August 2021.

$78.2 million transaction volume processed on Lightning in August 2023, a 546% increase from $12.1 million in August 2021.

Lightning now processing at least 47% of Bitcoin's on-chain transactions, indicating it's becoming more of a medium of exchange.

Gaming, social media tipping and streaming driving 27% of Lightning transaction growth.

99.7% success rate for payments on River's platform across 308,000 Lightning transactions in August 2023.