05 Apr 2022
The State of Lightning Volume 2
Adoption is rising quickly, and the use of Lightning is growing much faster than what the public numbers show.
The Lightning Network represents a solution to Bitcoin's slow throughput without compromising the security of the Bitcoin Network. Utilizing the Lightning Network, millions of people can send fractions of a bitcoin at instant speed—at the same time.
By gathering actual transaction data to estimate the use of the Lightning Network, we observe that adoption is rising quickly.
The number of payments has roughly doubled over the last year
The value of the payments has increased by more than 400%, measured in US dollars.
We estimated that just over 100,000 users had access to Lightning payments globally last summer. In March 2022, we estimate that more than 80 million people had access to Lightning payments on an installed application.