Examining the Lightning payment volume in detail

Trading venues are the most common recipient of lightning payments, but merchant payments and gift cards saw a very strong growth in September.
Source: Arcane Research

Trading venues and privacy services are the most typical recipient of Lightning payments, as of September 2021.

When examining the composition of payments in August with September, a clear narrative emerges. Payments for typical everyday use grew multifold in September, thereby increasing the trend over the last year where these payments make up increasingly more of Lightning’s payment volume.

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