While Bitcoin payments count saw a decrease of 5% compared to Q1’24 and 34% year over year, the adoption of the Lightning Network (LN) has reached new heights:

• In Q2, 16.6% of BTC payments through CoinGate were processed by LN, setting a quarterly record.
• June was a record month, with 18.5% of Bitcoin payments processed via LN.
• Compared to last quarter, LN payment count increased by 33%.

The growing use of the Lightning Network among people who spend cryptocurrencies on goods and services shows that more wallet providers are offering easy access to the Lightning Network, and people are becoming more comfortable using it, a trend that is unlikely to reverse.