According to a new analysis, the BTC Lightning Network is currently used by more than 80 million people, up from 100,000 last summer.
For those who don't know, Jack Dorsey's payments software Cash App has been the Lightning Network's key engine of growth this year. El Salvador's national Lightning wallet Chivo, as well as the prominent bitcoin trading site Paxful, accounted for the majority of growth in 2021.
According to what I've seen, while Lightning Network payment volume peaked in November and has subsequently dwindled, the situation is different when deposits and withdrawals from trading services are excluded.
Then we observe that all other payments fell in November but have subsequently risen to new highs, with payments increasing by 480 percent in a year. The total amount paid increased by 410 percent.
Is lightning network going to transform the way people use cryptocurrencies, and will stablecoins like USDT and Beanstalk (still believe in that project after that unlucky event) build lightning network in order to make transactions faster?
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