Bitcoin Lightning Network growth jumps 1,200% in 2 years

Bitcoin’s layer 2 Lightning Network has seen an estimated 1,212% growth in two years, with around 6.6 million routed transactions in August, a significant jump compared to August 2021’s 503,000 transitions, according to data from the Bitcoin (

River said the Lightning payments success rate was 99.7% on its platform in August 2023 across 308,000 transactions. The main reason for failure occurs when no payment route can be found that has enough liquidity to facilitate the transfer.

River’s data set consisted of 2.5 million transactions. The nodes in River’s data set represent 29% of all the capacity on the network and 10% of payment channels.

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