According to new market research conducted by Kaminari, the use of Bitcoin as a "transaction layer" has steadily increased in recent years, settling 40 million transactions in the third quarter of 2023. The report states that the introduction and increasing adoption of the Lightning Network (LN) by cryptocurrency exchanges and other platforms is one of the reasons for the record growth in quarterly cryptocurrency transactions. Market research data shows that the number of companies in the Lightning Network ecosystem has grown from 94 in October 2021 to 179, distributed across 28 categories. However, it is worth noting that only over 6% of centralized cryptocurrency exchanges have integrated the Lightning Network.
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