February 2025 Crypto Payment Statistics: Nano Stays First

Our fourth month of payment statistics! As promised, we're continuing to share the statistics with historical data included, allowing us to track the evolution of cryptocurrency usage over time. For merchants considering which cryptocurrencies to integrate, these numbers should help guide your priorities. As always, feel free to reach out with any questions!

Transaction Volume Distribution

Here's how the overall deposited volume for February compares with January:

• Nano (XNO): 56.1% (65.8% last month)
• Monero (XMR): 18.7% (14.6% last month)
• Bitcoin (BTC): 9.3% (7.2% last month)
• Litecoin (LTC): 6.1% (4.8% last month)
• Solana (SOL): 3.9% (3.1% last month)
• Ethereum (ETH): 3.5% (2.8% last month)
• Bitcoin Cash (BCH): 1.9% (1.5% last month)
• DASH: 0.3% (0.2% last month)
• Banano (BAN): 0.0% (0.0% last month)
• Dogecoin (DOGE): 0.0% (0.0% last month)

Or in chart format, for easy sharing:

Key Observations

• Nano (XNO) remains the dominant cryptocurrency on our platform, though it lost some ground this month. While Nano still accounts for more than half of our transaction volume, its share decreased from 65.8% to 56.1%.
• Monero (XMR) continues its strong performance, increasing in volume (18.7% vs 14.6%). We know anecdotally from talking to users that Monero's privacy focus is much appreciated, and it combines well with our service!
• Bitcoin (BTC) maintains its growth trajectory, now representing 9.3% of transaction volume (up from 7.2%). This continues to exceed our expectations given Bitcoin's higher transaction fees compared to other options, but we're happy that we're able to add utility to Bitcoin!
• Litecoin (LTC) shows impressive growth, reaching 6.1% of transaction volume (up from 4.8%). This continues the steady upward trend we've observed in previous months, moving closer to the patterns seen on other payment platforms. Pretty interesting given that it started off quite low!
• Solana (SOL) from 3.1% to 3.9% and Ethereum (ETH) from 2.8% to 3.5% both continue to show growth, with Solana slightly outpacing Ethereum in both transaction count and volume.
• Bitcoin Cash (BCH) showed modest improvement this month, increasing to 1.9% of transaction volume (from 1.5%).
• DASH has started to recover following our issues last month with the payment processor, though it remains a relatively small portion of our overall transaction mix.
• Banano (BAN) and Dogecoin (DOGE) continue to see minimal usage on our platform. We remain open to suggestions on how to better engage these communities.

As mentioned last month, we've modified our reporting format to focus more on transaction volume rather than count, as volume provides a better indication of economic activity. We may introduce new visualizations to better illustrate the trends we're seeing across cryptocurrencies - suggestions on how to better do this very welcome!

See you next month!