Our fifth 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 March compares with February:
- Nano (XNO): 58.1% (56.1% last month)
- Monero (XMR): 23.8% (18.7% last month)
- Bitcoin (BTC): 4.8% (9.3% last month)
- Litecoin (LTC): 5.2% (6.1% last month)
- Solana (SOL): 2.2% (3.9% last month)
- Ethereum (ETH): 3.8% (3.5% last month)
- Bitcoin Cash (BCH): 1.3% (1.9% last month)
- DASH: 0.8% (0.3% 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) is quite steady as the most used crypto on our platform, with a slight increase from 56.1% to 58.1%. This reverses part of the decline seen in February.
- Monero (XMR) continued to grow this month, with an all-time high in its relative usage at 23.8% (up from 18.7%). It's a significant increase which we're very glad to see.
- Bitcoin (BTC) saw a notable decrease to 4.8% (down from 9.3%) after a few months of strong growth. Were transaction fees higher this month? Are Bitcoin users moving to lower-fee chains? We have no idea.
- Litecoin (LTC) experienced a slight decrease to 5.2% (down from 6.1%) but is now the third most used crypto on our platform since Bitcoin relatively declined. Welcome to the #3 spot, Litecoin.
- Ethereum (ETH) showed a further small increase to 3.8% (up from 3.5%), continuing its growth that we've seen for the past months.
- Solana (SOL) decreased to 2.2% (down from 3.9%). SOL and ETH were growing at pretty much the same speed, but that's stopped now!
- Bitcoin Cash (BCH) declined slightly to 1.3% (from 1.9%). We're hoping to see a resurgence of Bitcoin Cash soon since it had such a relatively large share at first!
- DASH continued its recovery, increasing to 0.8% (from 0.3%) showing steady improvement.
- Banano (BAN) and Dogecoin (DOGE) continue to see minimal usage on our platform.
We continue to monitor these trends closely and appreciate the community's engagement with our payment statistics. Your feedback helps us improve our reporting and services.
See you next month!
