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In August 2023, the network recorded approximately 6.6 million routed transactions, a substantial increase compared to the 503,000 transactions observed in August 2021, according to River’s Bitcoin-only exchange data.River’s research analyst, Sam Wouters, shed light on this remarkable growth in an Oct. 10 report.
The average Lightning transaction size in August 2023 was around 44,700 satoshis or $11.84. River estimated that 279,000 and 1.1 million Lightning users were active in September. A significant portion of transaction growth, approximately 27%, was attributed to gaming, social media tipping, and streaming.on its platform in August 2023 across 308,000 transactions. Payment route liquidity limitations were identified as the primary cause of transactions.
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