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20 Apr 2022
The State of Lightning Volume 2 - Three types of payments dominate volume
Micro rewards dominate payments in terms of numbers. In terms of volume, there are three other types of payments that dominate.
Of the total payment volume in the first two months of 2022, close to 50 percent of the value of payments is transacted directly between individuals. These payments can serve a wide array of purposes. People can use them to transfer remittance payments to a relative abroad, buy stuff from their neighbor, hand out sats to their friends, etc. Distribution of Lightning Payments Volume in 2022. Source: Arcane Research20 percent of the payments in 2022 have been purchases of goods or services handled through a payment processor or bought indirectly through gift cards.Even though trading markets have been slow in January and February, deposits and withdrawals still account for a third of the payment volume in the first two months of 2022. Other payments make up a tiny part of payment volume accounting for about 1 percent. Want more insight on Lightning Network usage? Check out our new report.