Lightning Network Sees Explosive Growth Driven by Gaming and Small Transactions
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Lightning Network transactions have seen massive growth, increasing over 1,200% from August 2021 to August 2023.
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Volume on the Lightning Network in USD and BTC has also seen huge percentage increases over the same period.
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Gaming has had an outsized impact on Lightning Network's growth, with hundreds of thousands of monthly active users.
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Small transactions, like micropayments and tips, make up a large percentage of Lightning Network activity.
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Non-custodial wallets for Lightning Network are still lacking, so users rely on centralized custodial solutions.